16/51-55 Palmer Street, South Townsville
Listing data updated 13 July 2026
2 bed2 bath1 car
- Positioned on the top floor and occupying a prized end position within the highly regarded Palmer Street Village complex, this exceptional dual-key apartment presents a rare opportunity to secure both an enviable waterfront lifestyle and a strong investment in one of Townsville's most sought-after precincts. Enjoying elevated marina views, abundant natural light and excellent privacy, the property is uniquely configured as two self-contained accommodation suites connected via a shared private foyer. This versatile design offers flexibility rarely found in the market while providing immediate income security. Adding further appeal, the property is currently leased through Park Regis until 31 December 2028, returning $3,000 per month, providing investors with secure income from day one and long-term peace of mind. The primary apartment features spacious open-plan living and dining areas, a modern kitchen with stone benchtops, generous bedroom with ensuite, and a covered balcony capturing picturesque views across the marina, river and city skyline. The second apartment offers a spacious studio-style layout complete with its own bathroom and accommodation facilities, creating a highly desirable dual-key investment opportunity. Located within the heart of the renowned Palmer Street dining precinct, residents and guests enjoy immediate access to award-winning restaurants, cafés, entertainment venues, the CBD, Queensland Country Bank Stadium, the Strand and the Magnetic Island ferry terminal. Whether you're seeking a high-performing investment, a future city residence, or a property offering exceptional flexibility, opportunities such as this are increasingly difficult to secure. THE PROPERTY Apartment One - Spacious one-bedroom apartment positioned to capture marina, river and city views - Generous open-plan living and dining area filled with natural light - Well-appointed kitchen featuring stone benchtops, breakfast bar and ample storage - Large master bedroom with built-in wardrobe and private ensuite - Air-conditioning throughout for year-round comfort - Covered balcony offering picturesque waterfront and marina outlooks - Elevated top-floor position enhancing privacy, natural light and cooling breezes Apartment Two - Fully self-contained studio-style apartment with private entry via the shared foyer - Spacious open-plan bedroom and living zone - Modern bathroom with quality fixtures and fittings - Air-conditioned throughout - Excellent natural light and comfortable accommodation - Ideal for short-term accommodation, permanent leasing or guest use - Independently functional while remaining connected under the one title Additional Features - Rare dual-key configuration providing two income streams from a single title - Positioned on the top floor and end of the building for enhanced privacy and minimal neighbour interaction - Secure complex with lift access and professional onsite management - Secure car accommodation - Resort-style facilities including swimming pool and guest amenities - Fully furnished and equipped accommodation (subject to inclusions) - Currently leased to Park Regis until 31 December 2028 - Returning $3,000 per month with secure long-term income in place - Flexible future options including continued investment, owner occupation of one side, or dual occupancy arrangements (subject to lease conditions) - Outstanding low-maintenance investment opportunity in a tightly held waterfront precinct - Prime position within the highly sought-after Palmer Street dining, entertainment and marina precinct - Exceptional combination of lifestyle appeal, income security and long-term investment potential OUTGOINGS - Rates: Approx. $4,183.26 per annum - Body Corporates: Approx. $17,119.40 per annum THE LOCATION - Positioned within Townsville's premier waterfront lifestyle precinct - Located in the heart of the renowned Palmer Street dining and entertainment district - Surrounded by award-winning restaurants, boutique cafés, bars, and vibrant alfresco dining venues - Overlooking the marina with picturesque waterfront promenades and walking paths at your doorstep - Easy stroll to the CBD, Government offices, and major employment hubs - Minutes to Queensland Country Bank Stadium for major sporting and entertainment events - Short drive to The Strand, Castle Hill walking trails, and Townsville's iconic waterfront attractions - Convenient access to the Magnetic Island Ferry Terminal for weekend escapes - Close to public transport, medical facilities, shopping, and everyday conveniences - Approximately 10 minutes to Townsville Airport - Highly sought-after location combining strong tourism demand, lifestyle appeal, and long-term investment potential - One of Townsville's most tightly held apartment precincts, favoured by both visitors and permanent residents alike
RealistIQ deal score
Strong value signal
92
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 16/51-55 Palmer Street, South Townsville before you inspect or make an offer.
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Market price guide is 20%+ below RealistIQ estimate
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RealistIQ estimate range: $518,000 - $810,000Wider ranges mean more uncertainty.
RealistIQ estimate$664,000
Market price guide$430,000
$518,000$810,00012-month Property Outlook
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Property features
Features detected from the listing details.
Comfort
Air conditioningEnsuiteBuilt-in wardrobes
Outdoor & building
Swimming poolBalcony / deck
Lifestyle & views
Study
Listing details
- Status
- $430,000
Agent and agency
larger land
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