Dual living at its best. Set up for a large or extended family, or multiple rental options including Airbnb or permanent rental, either as a large four-bedroom home or 2 x two-bedroom units. This space creates the perfect opportunity to live and earn an income or have older children or extended family living under the same roof, maintaining a degree of independence. These options offer flexibility. Presently residing on the upper story, the owners created the perfect 5-star inner-city Airbnb, with new, modern furnishings and a tasteful colour palette. A short walk to QLD Country Bank Stadium, the Casino, Entertainment Centre, The Strand, CBD and Ferry Terminals, have this property perfectly located for a variety of international and interstate visitors. A full depreciation schedule is available, and the income and tax deductibility will help with ownership. Internally, an elevator connects the two units, however both units can be completely separated by simply locking a door when required. The elevator future proofs the home for elderly residents or guests, allowing easy access between levels as desired. All furnishings and fittings are available for sale by negotiation, which presents an opportunity to walk straight into a home capable of immediately earning a healthy supplemental income.
Affectionately known as "Coates Cottage" this charming, inner-city Queenslander dates back to circa 1920s and has stunning views to the southeast that take in some additional amazing local landmarks such as The Sugar Shaker, Mt Stuart, Castle Hill, Palmer Street precinct, the Marina and Yacht Club, Flinders St Heritage buildings, and much more. The view by day is gorgeous, but by night it becomes simply spectacular with the vibrancy of our beautiful city constantly changing and twinkling right before your eyes. There's always something to look at and it provides the most wonderful backdrop to sit, relax and unwind after a long day or entertain the largest of gatherings in style. The current custodians of the property have completely transformed it since taking ownership in 2014. With the transformations on the home taking place strategically between 2019 and 2023 and carried out masterfully to ensure the integrity of the home's character and history was upheld, it's fair to say the product was well worth the effort and we are sure the market will agree. Uniquely positioned in the absolute heart of the city on the sought-after Melton Hill, inspections are welcome by appointment and all offers are invited immediately.
The Property
- Coates Cottage Circa 1924 is now the perfect blend of yesteryear charm and modern-day elegance and style
- Well-positioned on a prime inner-city 724m2 block with stunning views taking in so many iconic Townsville landmarks
- Both kitchens feature high-quality fixtures and fittings including stone surfaces, gas cooktops, and dishwashers, and are positioned to enjoy those sweeping city views
- Both bathrooms also very well-appointed with quality fixtures and fittings, stone surfaces to vanities, and have a modern decor that's both inviting and soothing
- 2.7m high ceilings throughout on both levels allowing cool breezes and natural light into every corner
- Modern LED lights and quality fittings and all fans have been upgraded, as has all of the electrical to both levels presenting in an 'as new' condition
- Both levels connected internally via a remote-controlled electric elevator, great for the elderly extended family and being so compact it doesn't impact on the living space very much at all
- All bedrooms are generous in size and feature split-system air-conditioning and quality joinery for built-in robes, really adding to the high-end feel
- Both open plan living spaces on each level are fully air-conditioned with large split system units
- 8.5KW solar system plus generator changeover switch
- Outdoor claw-foot bathtub and stylish outdoor shower
- Versatile layout that suits either buyers with older or twentysomething children still at home that want that separation and independence, or for those with live-in grandparents and also needing that independence
- The current owners live in the upper level and enjoy income via the fully furnished ground floor as an Airbnb proposition, which could suit somebody looking for that retirement or supplemental income
- Other alternatives are to purchase the entire offering as an investment either via the short-term route or permanent let situation, or simply let out one level and keep one permanently yourself if you visit Townsville often during Cowboys/V8's or have children attending boarding school - this is the perfect option!
The Location
- Prime, inner-city location with water views and views to some of Townsville's most iconic landmarks
- Walking distance to The Strand beachfront and Jezzine Parklands
- Walking distance to Gregory Street restaurant and café precinct, as well as other specialty stores
- Walking distance to Coles Shopping Centre and take-away outlets
- Walk to St Joseph's The Strand and St Patrick's College
- Close proximity to Castle Hill's extensive hiking trails
- Close to public transport links
