A 17.2 hectare site, next to Queensland Country Bank stadium offers buyers the opportunity to shape the future of the Townsville CBD.

Investors have the opportunity to secure a major North Queensland asset and shape the future of Northern Australia's largest city, with Colliers announcing the listing of Townsville's most significant development opportunity, The South Yards Precinct.

The South Yards Precinct is a sprawling 17.2 hectare site, holding a prized position opposite the Queensland Country Bank Stadium and North Queensland Toyota Cowboys High Performance Training Centre in the inner fringe of the Townsville CBD. 

With mixed-use zoning covering the property, the site has a broad range of possible development outcomes permissible for a dynamic precinct development comprising of residential, retail, hotel, commercial or community facilities, subject to Council approval.

The South Yards Precinct is being offered for sale via international expressions of interest by Colliers experts Aaron Power, Troy Linnane and Peter Wheeler on behalf of the Morris Group (owners of The Ville Resort-Casino and Ardo Resort in Townsville) and prominent Tasmanian businessman Errol Stewart, who purchased the site in 2021.

Colliers Townsville Managing Director Peter Wheeler said "This is a one-of-a-kind opportunity. It's extremely rare to have a property of this size and strategic location on the fringe of the CBD become available in a city like Townsville".

"We're seeing exciting growth in North Queensland, with a lot of major investment activity underway and in the pipeline. This location is a developer's dream - a block away from the CBD and right next to Queensland Country Bank Stadium and its growing list of major events. The South Yards Precinct will play a vital part in our city's future,” Peter Wheeler added.

The current owners of the property, Morris Group and prominent Tasmanian businessman Errol Stewart, believe it's the ideal time to bring the site to the market.

"The outlook for Townsville is impressive and that's brought a lot of interest to the property market.

Over the period we've owned this land, the Stadium has grown into a sought after venue for major events and there's a lot of confidence building in the local economy. The timing feels right to see who is interested in an iconic site like this,” Errol Stewart said.

Colliers Queensland Residential Director Troy Linnane said seldom does an opportunity arise to acquire a site of this significance.

“Notable comparisons can be drawn to forward thinking urban renewal projects such as Brisbane’s Southbank and the Maroochydore City Centre project,” Troy Linnane added. Townsville is the economic hub of North Queensland with population forecast to grow to 264,899 people by 2046 (Queensland Government Projections). Additionally, the region has over $41.6 Billion in planned infrastructure investments, including upgrades to the Port of Townsville, Defence spending and Powerlink’s Copperstring Transmission Line project set to open up an estimated $750 billion worth of critical minerals in the North-West corridor from Townsville to Mount Isa.

This exclusive listing located at 24 Rooney Street, Railway Estate and 41 Morey Street South Townsville is offered for sale via a national Expressions of Interest campaign closing on Thursday, 20 March 2025 at 4.00pm (AEST).