Real Estate Industry Partners

611/55 River Street, Mackay QLD 4740

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Floorplan

611/55 River Street, Mackay QLD 4740

Contact an agent

$340,000

Bedrooms
1 beds
Bathrooms
1 baths
Parking
1 parking

An Effortless Inner-City Investment - Excellent Returns - Elevated City Views

Offering excellent accommodation returns from a convenient inner-city position, Unit 611 presents an appealing investment opportunity within the established Oaks Rivermarque complex.

Property Snapshot
1 Bedroom | 1 Bathroom | 1 Car Space | City Views

Positioned on the sixth floor, this well-maintained hotel-style suite enjoys an elevated outlook across Mackay City and offers comfortable, low-maintenance accommodation in a highly convenient location.

The suite features a generous bedroom, full-size shower, new bed and new air-conditioning together with tea and coffee facilities.

The property includes one secure car space, and storage cage, adding further value and convenience to this centrally located apartment.

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

Well maintained and presented, conveniently positioned, and offering an excellent accommodation return, Unit 611 presents an attractive opportunity for those seeking an established investment within Mackay's inner-city accommodation precinct.

Price: $340,000

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: 40.80% of accommodation revenue after management fees and associated expenses, as detailed in the hotel statement, available together with the Form 2 Disclosure Statement upon genuine interest to purchase.

Inspection by Appointment:
Now is your opportunity, to secure a great investment property. Contact Eleni Karambasis on 0418 778 420 today to book your walkthrough.

Property Details

  • Type: Apartment
  • Bedrooms: 1
  • Bathrooms: 1
  • Carport Spaces: 1
  • Building Area: 50 Square (approx)
LJ Hooker Mackay Group

LJ Hooker Mackay Group

Shop 2425, Canelands Shopping Centre, Mackay QLD 4740

(07) 4962 3535

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LJ HOOKER MACKAY GROUP

Call LJ Hooker Mackay Group on
07 4962 3535

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