9 Tully Street

Property Photos

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About this property

Rare Four-Unit Investment Opportunity in South Townsville Positioned in the heart of South Townsville, 9 Tully Street presents a rare opportunity to secure a fully tenanted, high-performing investment with immediate income from day one. Set on a low-maintenance 455sqm allotment, the property comprises four self-contained units, offering a combined total of five bedrooms and four bathrooms. Fully leased and currently returning $1,420 per week, this is an attractive set-and-forget style investment in a location known for strong rental demand and long-term growth potential. Each unit has been designed for practical, comfortable living, with well-sized bedrooms, functional bathrooms, and easy-care layouts. Separate access points and individual utility areas provide privacy and convenience for tenants, while the compact block keeps ongoing maintenance simple and manageable. The location further strengthens the appeal, with the property positioned just minutes from the Townsville CBD, The Strand, schools, shopping, dining, and key lifestyle amenities. For investors chasing reliable cash flow, strong occupancy, and future upside in a highly connected inner-city pocket, this is an opportunity well worth considering. Current Rental Return Unit 1: Leased until 28/07/2026 at $380 per week Unit 2: Leased until 30/09/2026 at $350 per week Unit 3: Leased until 23/05/2026 at $340 per week Unit 4: Leased until 04/03/2027 at $350 per week Total current return: $1,420 per week Additional Information The owner currently pays $2,006.64 per annum for building insurance through Suncorp, along with landlord insurance to ensure appropriate coverage. The marketing imagery includes Units 1, 2 and 4 shown vacant and with virtual furniture for display purposes. The units offer either the same or mirrored floor plans, with the fit-out being practically identical across each. Unit 1 also includes an additional room at the rear, created by utilising a portion of what was originally a very long living area. Full video walkthrough tours are available for every unit in their current condition. Unit 3 downstairs may also offer the potential to be modified into a two-bedroom configuration, subject to any relevant approvals and buyer due diligence. Brightest Features Fully tenanted block of four units Currently returning $1,420 per week Combined total of five bedrooms and four bathrooms Strong, immediate rental income from day one Separate entries and practical layouts for each unit Low-maintenance 455sqm allotment Building insurance currently $2,006.64 per annum Full video walkthrough tours available for each unit Potential to convert Unit 3 downstairs to a two-bedroom layout, subject to due diligence Minutes to the CBD, The Strand, schools, shops and lifestyle amenities Positioned in a high-demand rental location Reliable cash flow with long-term capital growth potential

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.