407/55 River Street

Mackay QLD 4740

76 sq.

Apartment

Currently for sale - view listing

Overview

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/cafï¿½ 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