401/38 Gregory Street
Condon, QLD 4815

Overview

Ground-Floor Convenience Meets Resort-Style Living

Imagine stepping directly from your private, undercover patio to a stunning lagoon-style pool, a daily luxury offered by this exceptional ground-floor apartment located in the highly desirable Riverway Point complex. This residence combines lifestyle appeal with strong investment potential, providing unparalleled access to premium amenities right at your doorstep.

Currently tenanted with a lease in place, the property generates a weekly rental income of $520, making it an attractive option for investors seeking immediate returns.

The apartment is designed for comfort and functionality, featuring a breezy open-plan living and dining area that seamlessly extends outdoors, ideal for embracing the tropical climate. The kitchen overlooks the living space and serves as the social heart of the home, equipped with a breakfast bar, ample storage, electric cooking facilities, and a brand-new dishwasher.

Both bedrooms are generously sized and filled with natural light. The master bedroom serves as a private sanctuary, complete with a walk-in wardrobe, an ensuite bathroom, and direct sliding-door access to the patio. The main bathroom is well-appointed with a shower over the bathtub, providing convenience for guests or families.

The apartment includes full air-conditioning, ceiling fans throughout, and a dedicated internal laundry, ensuring all practical needs are met.

Riverway Point is known for its secure, resort-style environment. Residents benefit from gated entry, CCTV surveillance, keypad and swipe access, and active on-site management. Beyond the private patio, residents have full access to the expansive lagoon pool, BBQ facilities, and communal recreational areas. The complex also offers ample visitor parking, perfect for hosting family and friends.

Situated in a quiet location, the property is close to everyday conveniences. Within walking distance, you will find Riverway Lagoons with walking paths, parks, and playgrounds, as well as premier shopping destinations like Willows Shopping Centre and Cannon Park Entertainment Precinct. With easy Ring Road access, key institutions such as James Cook University, Townsville University Hospital, and Lavarack Barracks are reachable within a 10-minute drive.

• Body corporate fees are approximately $5,200 per annum.
• Six-month rates amount to $1,853.69.
• The current tenancy runs from 28 April 2026 to 27 April 2027, yielding $520 per week.

Location