16/51-55 Palmer Street, South Townsville QLD 4810

This distinctive top-floor dual-key apartment, nestled within the sought-after Palmer Street Village complex in South Townsville, offers an exceptional blend of lifestyle appeal and investment security. Situated in a prized end position, the property enjoys expansive marina views, abundant natural light, and enhanced privacy, ideal for those who value a serene waterfront setting combined with proximity to vibrant urban conveniences.

The apartment’s unique dual-key configuration comprises two separate self-contained suites linked by a private foyer, providing flexible usage options. The primary one-bedroom apartment impresses with spacious open-plan living and dining areas that draw in natural light, complemented by a contemporary kitchen featuring stone bench tops and a breakfast bar, optimizing both aesthetics and functionality. The master bedroom benefits from a built-in wardrobe and private ensuite, enhancing comfort and privacy, while a covered balcony frames picturesque marina, river, and city skyline vistas, enriching the living experience with captivating outdoor space.

The secondary accommodation is a fully self-contained studio-style apartment, complete with modern bathroom facilities and air conditioning, offering versatile possibilities for short-term rental, long-term leasing, guest accommodation, or personal use. This layout suits investors seeking dual income streams from a single title, professionals desiring a live-and-rent arrangement, or anyone wanting adaptable living spaces.

• Rare dual-key design enabling two income streams and diverse living options
• Top-floor, end-of-building location offering maximum privacy and minimal neighbor interaction
• Secure complex with lift access, on-site management, and secure car parking
• Resort-style amenities including a swimming pool and guest facilities
• Fully furnished and equipped accommodations (subject to included items)
• Currently leased through Park Regis until December 2028, delivering steady monthly rental income of $3,000, ensuring immediate, reliable cash flow

Positioned within Townsville’s vibrant Palmer Street precinct, residents have immediate access to an array of award-winning dining options, cafes, bars, and entertainment venues, as well as convenient links to the CBD, Queensland Country Bank Stadium, the Strand, and the Magnetic Island ferry terminal. This delightful blend of waterfront tranquility paired with urban amenities makes it a compelling choice for investors, future city residents, or anyone seeking a flexible, low-maintenance home or investment in a highly regarded coastal locale.

Overall, this property presents a compelling opportunity to secure a rare combination of superior location, versatile design, and income security in one of Townsville’s most desirable precincts.