611/55 River Street

Mackay QLD 4740

50 sq.

Apartment

Currently for sale - view listing

Overview

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/cafï¿½ 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.