A large land parcel in Townsville’s city centre with direct river frontage and suitable for a mixed-use development has hit the market.

The 1.04 hectares of serviced developable land, known as Central Englobo at 534 Flinders Street in Townsville, is being taken to the market via a tender campaign run by Paul Dury and Christian Sandstrom of Knight Frank.

It is being sold by Honeycombes Property Group, with price expectations in excess of $5 million.

The site is fully serviced, including access and adjacent car parking, and is capable of subdivision for mixed-use or can be developed as a single site.

Mr Dury said the opportunity to purchase this high-quality mixed-use development parcel was a very rare one, with interest coming from both local groups and from further afield, including elsewhere in Queensland and interstate.

“Larger development sites in central city locations with several points of access and with services and amenity already provided are very rare,” he said.
“This is the only vacant waterfront site available for development in northern Australia.

“This is one of the very few privately owned parcels fully located within the Townsville Waterfront Priority Development Area and is surrounded by modern high-profile commercial and residential developments.

“The new Queensland Country Bank Stadium, which has 25,000 seats, is situated directly opposite on Ross Creek.

“It is also situated in a mature retail and office environment, with surrounding occupants including the ATO, Knight Frank, Central Queensland University and News Corp.”

Mr Sandstrom said 534 Flinders Street offered the best opportunity for new development in a region thriving with major new private and public sector Investment including the Port of Townsville, the Townsville University Hospital and Townsville Lavarack Barracks.

“As the largest city in northern Australia and a diverse major regional economy, Townsville is particularly well placed for economic and population growth over the coming decade.”

The tender campaign for the property will close at 4pm, Thursday August 12.