A Rare Cbd Estate With Character, Scale And 4 5% + Return

Some properties offer charm. Some offer scale. Some offer income. Classique offers all three, wrapped into one of Townsville City’s most recognisable Queenslander estates.

Positioned on approximately 981 sqm in the heart of the CBD, this landmark residence combines genuine character, immediate rental appeal, proven accommodation history and rare inner-city landholding. For investors, it presents a compelling opportunity to secure a flexible, income-capable asset in a walk-to-everything location where properties of this scale are increasingly difficult to replicate.

Currently known as Classique Bed & Breakfast, the property has long been admired for its warmth, history and guest appeal. Built circa 1898-1902 and originally known as Canobie House, the home has remained a striking part of Townsville’s inner-city streetscape for more than a century.

Despite its rich provenance, the property is not heritage listed, allowing future owners far greater flexibility than many character homes of this calibre. Whether held as a premium rental, continued as boutique accommodation, adapted for professional use, or explored for future development potential, subject to council approval, the opportunity is both rare and highly versatile.

The latest rental estimates further strengthen the investment case, with an unfurnished rental appraisal of approximately $1,100-$1,150 per week, or approximately $1,500-$1,550 per week if offered furnished. This gives investors multiple leasing strategies depending on their preferred return profile, tenant market and level of involvement.

As a furnished executive rental, Classique could appeal to corporate tenants, medical professionals, defence personnel, project-based workers, relocation clients or larger households seeking premium inner-city accommodation with space, privacy and character. As an unfurnished residence, it still offers a strong rental proposition with scale and lifestyle appeal well above the standard CBD housing offering.

Inside, the home is rich with original Queenslander detail. Hoop pine floors, pressed tin ceilings, decorative archways, French doors, high ceilings and deep verandahs create a sense of romance and permanence that simply cannot be recreated in a modern build. These character elements are paired with practical accommodation, multiple living areas and the flexibility required for both private living and income generation.

The floorplan is generous and highly adaptable, with 5+ bedrooms, 4 bathrooms, multiple living and sitting rooms, a billiard/games room, elegant dining space, home office or sixth bedroom, and an expansive rear deck. Three oversized master-style suites each feature private ensuites, supporting continued guest accommodation, shared executive living, multi-generational households or premium rental use.

Set behind established gardens, the property also offers an expansive rear yard, outdoor spa, three-bay carport and additional off-street parking. The approximately 981 sqm allotment is a genuine point of difference in the CBD, with scope for future expansion, additional dwellings or boutique redevelopment, subject to council approval.

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 (soccer) 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 property of this scale, walkability and flexibility, Classique sits in a location that could benefit from Townsville’s continued evolution as a major regional events, tourism and sporting destination.

For investors, Classique is not a standard residential holding. It is a character-rich, income-ready CBD asset with several potential pathways: lease it furnished for a premium return, lease it unfurnished for a strong long-term rental, continue the existing accommodation use, landbank the site, or explore future development options over time.

From this address, Palmer Street dining, Queensland Country Bank Stadium, The Strand, the CBD, Magnetic Island ferry terminal, South Townsville Marina & yacht Club and professional services precincts are all within easy reach. Classique is a property with history, presence and genuine investment substance. Opportunities with this level of character, land size, income potential and CBD convenience are seldom offered to the open market.

Key Features
-Landmark inner-city Queenslander estate on approximately 981 sqm
-Built circa 1898-1902 and originally known as Canobie House
-Known and operated as Classique Bed & Breakfast
-Not heritage listed, offering valuable flexibility for future use
-Rental estimate of approximately $1,200 + per week unfurnished
-Rental estimate of approximately $1,500 + per week furnished
-Strong appeal as an executive furnished rental or premium long-term residence
-5+ bedrooms, 4 bathrooms and multiple living zones
-Three oversized suites with private ensuites
-Home office or potential sixth bedroom
-Dedicated billiard/games room
-Original hoop pine floors, pressed tin ceilings and character detailing
-French doors, high ceilings, breezeways and deep verandahs
-Expansive rear deck, outdoor spa and established gardens
-Three-bay carport plus additional off-street parking
-Large CBD landholding with scope for future expansion or redevelopment, STCA
-Flexible purchase options available: fully furnished, partially furnished or vacant
-Walk to Palmer Street, Queensland Country Bank Stadium, The Strand, CBD offices and the ferry terminal

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.