30 Ogden Street Townsville City, QLD 4810

Finding over 2,300 square metres of consolidated land inside a major regional CBD is incredibly rare.

Most inner-city lots are heavily subdivided down to tiny footprints. A footprint of this scale provides developers with blank-canvas layout options.

The property is positioned on a premium strip that offers the dual benefits of absolute inner-city location and direct interface with Ross Creek.

A 354 sqm long-term water lease running the length of the site is also included.

The site sits immediately adjacent to the historic Victoria Bridge. Because of this, it acts as a literal pedestrian bridgehead connecting the main CBD core across the creek to South Townsville and the Queensland Country Bank Stadium precinct.

30 Ogden Street is situated within the Townsville City Waterfront Priority Development Area (PDA) and is located within Precinct 4 - City Reach, as identified under the Townsville City Waterfront Priority Development Area Development Scheme. Development within the site will therefore benefit from the streamlined assessment and approval processes applicable to the PDA.

The property is subject to a new lease with PriPark as a temporary paid car park. The car park is expected to accommodate at least 64 vehicles and generate between $130,000 and $170,000 per annum, with 50% paid to the landowner.

Townsville is the 13th-largest city in Australia and is home to the largest population 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: $2,300,000 (going concern).

Please contact the marketing agents at Ray White Commercial Townsville to register your interest and avoid missing this outstanding opportunity.