South Townsville Huge Potential for Redevelopment (Listing ID:313)
Address: 17-21 GRIFFITH STREET
City: SOUTH TOWNSVILLE
Post Code: 4810
Floor Area (m2): 366
Land size (m2): 1669
Full Description: HUGE POTENTIAL in South Townsville
Close to the City, the Port, Palmer Street and the Strand and only 400 metres from the North Queensland Stadium, Griffith Street is a stones throw from the River and soon to be realized Townsville City Waterfront Priority Development Area (PDA).
This unique 1669 m2 High-Density Residential zoned property is comprised of two separate titles and offers huge potential for multi storey unit development as well as ground floor commercial alternatives.
Few development sites exist with opportunities such as this with early planning assessment showing the possibility of up to 50 units over 12 storeys subject to relevant Council approvals.
The property also offers the advantage of a holding income from its present use. The existing dwelling at number 21 which although in a little less than ideal condition is currently rented while the industrial and commercial shed at number 17 could potentially be renovated for a handy supply outlet and service the Stadium, The City and surrounding area while development concepts on the entire property are proceeding to fruition.
Number 17 Griffith Street
Present Use Light Industrial
Zoned High Density Residential
Number 21 Griffith Street
Area 860 m2
Present Use Residential
Total Area 1669m2
Approximately 33.2 metre frontage and 50.3 metres depth
Please contact Greg Banks from NQ Realty anytime to enquire about this exlusive listing.