Elevated CBD development site with Medium Density zoning

$595,000 or nearest offer

40 Hale Street

Townsville City QLD 4810

Development

FOR SALE

1m2

Offered to the market for the first time in 20 years, this elevated site is located in the heart of Townsville's CBD.

The regular-shaped quarter-acre block is zoned Medium Density Residential and sits within the Wills Street Precinct.

Acceptable development includes:
• Construction up to 4 storeys
• Short term accommodation
• Rooming accommodation
• Retirement facilities
• Multiple dwellings (ie 1, 2, 3, or more dwellings or units)

Townsville is the 13th largest city in Australia and is home to the largest population base in Northern Australia. The Townsville Region is home to one of the most diverse economies in Australia with a Gross Regional Product of $15.8 billion.

Sale: $595,000 ex GST

Please contact Ray White Commercial for more information.