5/5 Kingsway Place
Townsville City, QLD 4810

Overview

Dual-Key Unit - Versatile With Plenty Of Options - Sold Furnished

Located in the highly sought-after Central Precinct of Townsville City, this stylish apartment complex known as the Paddington building offers an exceptional low-maintenance lifestyle. This charming two-bedroom unit is perfectly positioned on the edge of the CBD, providing easy access to Palmer and Flinders Streets, where a variety of award-winning restaurants, cafes, cinemas, and boutique shops await within walking distance.

Residents can enjoy a diverse range of leisure activities nearby, including riverside strolls, attending events at the Queensland Country Bank Stadium, or relaxing weekends at the popular Strand beach. The location truly offers an abundance of lifestyle options for all tastes.

This dual-key unit presents great versatility, allowing owners to live in one section while generating income from the other. Both sides can be rented out long-term or short-term, with onsite management available offering a guaranteed monthly income of $2,500 without commissions or letting fees, including CPI increases and coverage of certain expenses.

The first section, referred to as 5A, features a spacious open-plan living area that seamlessly extends onto a balcony with views towards Castle Hill. The kitchen is well-equipped with ample bench space, an electric oven, and cooktop. The bathroom includes a walk-in shower, and there is a European laundry with bifold doors. The master bedroom benefits from a mirrored built-in wardrobe and abundant natural light.

The second section, 5B, offers a large bathroom with a walk-in shower and a versatile floor plan. It is notably larger than a typical studio apartment and includes a spacious balcony, making it ideal for a student or professional couple.

This property is an excellent opportunity for investors seeking a clean rental return with reasonable body corporate fees. The option to utilize the onsite management team adds convenience and peace of mind. The home is centrally located and requires minimal upkeep, making it ready for immediate occupancy.

Key features include dual-key configuration with one full one-bedroom unit and one studio, carpeted bedrooms, air conditioning throughout, secure parking with a storage cage, a swimming pool within the complex, and proximity to the Queensland Country Bank Stadium. The unit is sold fully furnished, providing a turnkey solution for buyers.

Prospective buyers are encouraged to conduct their own inquiries to verify the accuracy of the information provided.

Location