×

24 Rooney Street, Townsville, QLD, 4810

Development Potential
DETAILS

THE SOUTH YARDS PRECINCT TOWNSVILLE’S NEW CBD

Rarely is it possible to acquire an income-producing parcel in excess of 17ha* ripe for urban regeneration on the edge of a CBD, even more so when a Government body has recently constructed significant public infrastructure to seed this renewal process.

With the underlying land parcels having already been re-zoned to suit a future mixed-use development, the South Yards precinct represents an opportunity for a forward-thinking investor, developer or land banker to secure the key landholding into which the Townsville CBD will expand.

The recently completed (2020) $300 million dollar, 25,000 seat Queensland Country Bank stadium has been developed by the Queensland State Government and is the catalyst for the transformation of the South Yards precinct. The intention is to create an urban space with an activated streetscape and commercial, residential and hotel accommodation above. Construction of the $50 million North Queensland Cowboys Community, Training and High Performance Centre is well advanced adjacent to the stadium and the proposed 166 Room Hilton hotel midscale offering of Double Tree is now out for funding and will complete what will be a major change to Townsville’s CBD landscape setting the tone for Townsville next expansion.

Notable comparisons can be drawn to forward thinking urban renewal projects such as:

 Brisbane’s James Street and Southbank precincts;
 WalkerCorp’s acquisition and regeneration of Docklands in Melbourne;
 Lend Lease’s Barangaroo project;
 Gasworks, Newstead by MIRVAC and FKP or;
 The Honeysuckle precinct in Newcastle.

As the economic and Government administrative hub of North-Eastern Australia, Townsville is Australia’s 13th largest city with a population of over 229,031 (as at 2016). The city enjoys a diversified economy supported by the following sectors:

 Australian Defence Force – Lavarack Barracks, Australia’s largest defence base.
 Higher Education – James Cook University & Central Queensland University.
 State & Federal Government – Australian Tax Office, Queensland Government, Regional Headquarters, Ergon Energy, GBRMPA Head Office, AIMS.
 Major Organisation Representation – Adani Headquarters, Telstra Call Centre, Centrelink Regional Office
 Agriculture.

SOUTH YARDS PRECINCT - TOWNSVILLE’S MAJOR STRATEGIC LAND HOLDING

 Tourism.
 Northern Australia’s largest general cargo and container port. The Townsville Port is also Australia’s leading exporter of zinc, lead, sugar, fertiliser and molasses.
 Industry - Nickle Refinery, Copper Refinery, Zinc Refinery.
 Health – Townsville University Hospital is a tertiary care hospital.

In addition, there is currently $6.91 billion of infrastructure development currently underway or scheduled for the Townsville region which will drive further growth and demand for the amenities to be constructed on this site.

Opportunities of this scale with holding income, favourable zoning and in such close proximity to a major regional CBD supported by a diversified economic base are rare.

*approximately

Please contact the marketing agents for further details:

Neville Smith
Associate Director | Townsville
Colliers
Mob +61 438 765 087

 

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
Contact Agent
Property Area
AREA:
17.218 hectares (*approx)
Property Type
TYPE:
Mixed Use,
Development Potential
DEVELOPMENT APPROVAL:
Raw Mixed Use Development Opportunity (STCA)

Due Diligence Tool

24 Rooney Street, Townsville, QLD, 4810

Download your free DistrictData site summary to obtain:

  • Site Summary
  • Development Pipeline
  • Recent Transactions (where available)
  • Surrounding Amenity
Download Report
AGENCY DETAILS
SUBURBS AROUND THIS AREA
Enquire Now