Development site fronting golf course up for sale in Townsville

A development site fronting the Willows Golf Course in Townsville has hit the market.

The 17,900 square metre holding located on 18 Nineteenth Avenue is a "rare find", according to Knight Frank Head of Projects, Andrew Forster, who is marketing the property.

He estimates that based on the size of the site and the golf course frontage, 28 to 30 residential lots can be created overlooking the course and the Bohle River.

“It is large enough though for a mix of uses including residential units, with its three-level height capacity. Interest from aged care developers has also been received,” said Forster.

"The site is one of the very few large sites zoned for medium density in the Townsville region.”

“This parcel will have appeal to all ages, with major shopping and entertainment facilities within one kilometre and the hospital and university within five minutes’ drive.

 “We are experiencing a very strong recovery in employment in North Queensland, and Townsville is now benefitting from this.”

Australian Bureau of Statistics data indicating over 14,000 people were employed in the region since the closure of the QNI Refinery in 2016.

Knight Frank Townsville has several development sites available for sale in the region, Forster said.

“Properties in regional cities with points of difference in particular attract interest from the national development industry, and this golf course frontage is exactly the kind of point of difference that sets a property apart,” he said.

“There are very few development sites with the zoning and size for a mix of residential uses in this region.”

Residential occupancy numbers have recovered strongly in some housing forms such as three-bedroom units and four-bedroom houses, according to Knight Frank research.

Their research also found rents for three-bedroom units in Townsville improved in early 2018 and the median weekly rent for four-bedroom dwellings in suburbs along the Ross River improved by more than 10% in the March and June quarters this year.