50 Hale Street Townsville City QLD 4810

This gently sloping, elevated site is located in the heart of Townsville's CBD and is primed for development.

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

The property has the ability to be reconfigured and sold as two separate smaller lots if required.

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

There is an existing development approval for 12 specialist disability accommodation (SDA) units, including an overnight office and a rooftop terrace.

A revised scheme is also available for 10 SDA units plus the overnight office.

These plans, development approval and the building approval, which is 90% complete, are available to the buyer upon request.

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.

Price reduced to $395,000 ex GST.

Contact Ray White Commercial Townsville to receive further information today.