Pimlico Infill Development Land, 87C, 87D and 89 Fulham Road, Gulliver, Qld 4812

Knight Frank, on behalf of Economic Development Queensland (EDQ) and the Queensland Government, is pleased to present for sale the former Pimlico TAFE Campus, 87C, 87D and 89 Fulham Road, a high-quality infill development opportunity located in Townsville's inner suburban ring, less than 4 km* from the Townsville CBD and QCB Stadium.

The offering comprises three near level lots amalgamating to form a 44,970 sqm* development site. The land is a key site within EDQ's Land Activation Program (LAP), which seeks housing solutions that optimise development yield and amenity, and can accommodate up to 150 new households. EDQ, as Vendor, will complete adjacent service roads and turning lanes to Fulham Road ahead of settlement, allowing developer focus to remain on internal development.

Purchasers acquire a rare inner-suburban position: more than 95%* of new housing supply in Townsville is located 12km* or more from the CBD and QCB Stadium, whereas this site sits less than 4 km* away, adjacent the TAFE, Pimlico State High School, the NRL Cowboys and Cowgirls Houses and the Mater Private Hospital, with public transport, botanical gardens, schools, hospital and aged care facilities all within half a kilometre*. Residential occupancy in Townsville has remained at 99%* since 2020, intensified in this location by adjacent student housing, aged care and medical staff/patient accommodation demand, while the surrounding postcode has recorded an 80%* lift in median dwelling sale price inside three years.

Key Investment Highlights of this opportunity include:
• Infill development site of 44,970 sqm* across three amalgamated lots
• Freehold tenure, located within a Provisional Priority Development Area (PPDA), with Economic Development Queensland (EDQ) as the planning authority and forming part of EDQ’s Land Activation Program.
• Development capacity for up to 150 new households
• Existing roads and services 
• Superior inner-suburban location, less than 4 km* to the Townsville CBD and QCB Stadium, and 5km* to James Cook University and Townsville Hospital
• Established high-quality amenity; public transport, botanical gardens, schools, hospital and aged care facilities within half a kilometre*
• Deep, proven occupancy demand; 99%* residential occupancy in Townsville since 2020
• Strong pricing support; an 80%* lift in median dwelling sale price in the immediate locality inside three years
• 1,000 to 1,200* developer lots absorbed annually across Townsville
• Rare inner-suburban position, with over 95%* of new housing supply located 12km* or more from the Townsville CBD

The Pimlico Infill Development Land is offered via a Request for Proposal process closing Thursday, 8 October 2026 at 5:00pm (AEST).

*Approximately.