24A - Elys Willmett Street

24A WILLMETT STREET, TOWNSVILLE CITY House & Land Package | Land $1,000,000 + Build from approx. $1,800,000-$2,100,000 Some opportunities are purchased. Others are created, held and remembered. Elysian House represents a rare chance to secure one of Townsville's most exceptional inner-city landholdings and bring to life a fully approved architectural residence positioned high above the city, with sweeping views across Cleveland Bay, Castle Hill and the urban coastline below. Already offered with council-approved plans, engineering and photorealistic renders, this is not an idea waiting to be solved. It is a certified, build-ready vision designed for those who understand the value of scarcity, elevation, lifestyle and long-term blue-chip positioning. For the investor, Elysian House arrives at a particularly interesting time. Proposed changes from 1 July 2027 are expected to limit negative gearing for residential property investments to new builds, while investors in new builds may be able to choose between the 50% CGT discount or the new indexation and minimum tax arrangements when selling, subject to eligibility and professional advice. In simple terms, genuinely new residential supply is being positioned as one of the most tax-supported areas of the Australian property investment landscape. That makes Elysian House more than a luxury residence. It is a potential elite investment opportunity in a market where high-end, freestanding, low-maintenance city homes are exceptionally hard to replicate. With updated rental appraisals of approximately $1,800 per week unfurnished and approximately $2,200 per week furnished, Elysian House presents a compelling income pathway for investors seeking a premium executive rental asset. Offered fully furnished, the completed residence could appeal to corporate tenants, executive relocations, medical and defence professionals, project-based workers or high-end lifestyle tenants seeking a private city residence well beyond the standard apartment offering. Adding another layer to its long-term appeal, Townsville is firmly on the roadmap for the Brisbane 2032 Olympic and Paralympic Games, with the city proposed to host Olympic football matches at Queensland Country Bank Stadium and co-host sailing with the Whitsundays. This positions the CBD for continued attention, infrastructure focus, visitor demand and broader lifestyle growth in the years ahead. For an inner-city residence of this calibre, walkability and flexibility, Elysian House sits in a location that could benefit from Townsville's continued evolution as a major regional events, tourism and sporting destination. The proposed residence has been meticulously considered from bottom to top. An internal lift connects the basement garage through to the upper levels, while the infinity pool draws the eye toward the bay and city skyline. Generous interiors, architectural lines and customisable finishes allow the buyer to shape the final expression of the home while working from an already approved and thoughtfully resolved design. This is luxury without the limitations of a body corporate. No shared walls. No strata restrictions. No compromise on privacy, scale or identity. Just 350 sqm of premium freehold land in an elevated city location, paired with an architectural concept ready to become one of Townsville's most distinctive residences. From this address, The Strand, waterfront dining, boutique retail, Queensland Country Bank Stadium and Townsville's cultural precinct are all close by. For owner-occupiers, it is an extraordinary city base. For investors, it is a rare chance to create a premium rental product in a location and price point with very little direct competition. Elysian House is not just a house and land package. It is a strategic acquisition, a future landmark, and a chance to secure a new-build luxury asset in a changing investment environment. Key Features -Elevated inner-city position with sweeping views across Cleveland Bay, Castle Hill and the city -350 sqm of premium freehold land in Townsville City -Fully approved architectural plans, engineering and photorealistic renders included -House and land package with land at $1,000,000 and build from approx. $1,800,000-$2,100,000 -Proposed luxury new-build residence with strong investor appeal -Updated rental appraisal of approximately $1,800 per week unfurnished -Updated rental appraisal of approximately $2,200 per week furnished -Premium executive rental potential for corporate, medical, defence or relocation tenants -Internal elevator servicing the residence from basement garage to upper levels -Infinity-edge pool positioned to frame the city and bay outlook -Basement garage and low-maintenance lock-up-and-leave design -No body corporate fees -Freestanding residence with no shared walls -Customisable interiors and finishes -Walking distance to The Strand, dining, retail, stadium and cultural precinct -Positioned to benefit from Townsville's growing major events, tourism and Olympic legacy profile Disclaimer All information provided has been gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and accept no responsibility for any errors or omissions. Interested parties should make their own enquiries and independently verify all details, including planning approvals, build pricing, rental appraisals, tax treatment, depreciation, council requirements and any other matters relevant to their purchase. This information is general in nature and should not be relied upon as financial, taxation, legal or investment advice. Buyers should obtain independent professional advice before proceeding.