43-45 Nelson Street, South Townsville QLD 4810

Multi-unit complex | 1,012m² site | stable long-term tenancy | South Townsville location This property presents as a low-rise apartment complex with a clear competitive advantage in its stable, long-term tenancy profile and central South Townsville positioning. The configuration of one and two-bedroom units suits downsizers and rental investors seeking consistent occupancy, with the 2-bedroom unit offering stronger value per square metre. The 1,012m² site provides land content rarely found in unit complexes at this price point, giving a buyer a structural edge over single-unit investments in the same suburb. The primary risk lies in the strata structure and body corporate condition, which are not confirmed from available data and could affect holding costs or future capital works. The estimated whole-site value of $1.65m suggests a modest block with limited upside from unit subdivision, but the opportunity is in the land itself — if zoning permits future intensification, the site could be redeveloped or consolidated. The older resident profile indicates low turnover but also potential for gradual vacancy as demographics shift. A buyer should prioritise title and planning certificate verification before proceeding.