407/55 River Street, Mackay QLD 4740

$510,000

2 beds

2 baths

1 parking

Dual-Key Flexibility, River Views & Excellent Returns

Offering the flexibility of a one-bedroom apartment and a separate hotel-style studio, 407A & 407B provide two distinct accommodation options under the one ownership - an appealing advantage for investors seeking versatility within the complex.

Property Snapshot
Dual Key | 1 Bedroom + Studio | 2 Bathrooms | 1 Car Space | Lock-up Storage Cage

Offering flexibility, river views, and the benefit of two separate accommodation suites, this dual-key property presents an appealing opportunity within a highly convenient inner-city location.

Positioned on the fourth floor of the Oaks Rivermarque, Units 407A & 407B offer the flexibility of two separate accommodation suites under the one ownership, both enjoying attractive views towards Mackay's beautiful Pioneer River.

407A features a well-appointed one-bedroom layout with kitchenette, an additional full-size fridge, new bed and new air-conditioning. Well maintained and neatly presented, it provides comfortable and practical accommodation with the added appeal of its river outlook.

407B is a hotel-style studio suite, also enjoying river views and offering the convenience expected of hotel accommodation, with tea and coffee making facilities. A new bed and new air-conditioning further enhance the suite.

Both apartments have been well kept, maintained and in a tidy presentable condition.

The property includes one secure car space together with a lock-up storage cage conveniently located in close proximity to the car park.

Residents and guests enjoy the facilities of this secure complex, including swimming pool, gym and bistro/caf� downstairs, all within approximately a five-minute walk of Mackay City Heart and Canelands Central Shopping Centre.

Price: $510,000
Body Corporate & Insurance Levies: Approximately $8,877 per annum
Sinking Fund: A healthy sinking fund of approximately $373,000 provides additional confidence in the ongoing management and maintenance of the complex.

Accommodation Return: 33.43% of accommodation revenue after management fees and associated expenses, detailed in the hotel statement, available together with the Form 2 Disclosure Statement upon genuine interest to purchase.

Inspection by Appointment:
To schedule a private inspection, contact Eleni Karambasis on 0418 778 420

Property Details

• Type: Apartment
• Bedrooms: 2
• Bathrooms: 2
• Carport Spaces: 1
• Building Area: 76 Square (approx)