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611/55 River Street

Mackay QLD 4740

1
1
1
50 sq.
Apartment
Currently for sale - view listing

Overview

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 | Storage Cage l Sixth-floor Position l City Views Positioned on the sixth floor, this well-maintained one bedroom hotel-style apartment enjoys an elevated outlook across Mackay City and offers comfortable, low-maintenance accommodation in a highly convenient location. The apartment features a generous bedroom, bathroom with shower over bath, new bed and new air-conditioning, and a well-equiped kitchenette complete with microwave, refrigerator and laundry nook, providing everything required for comfortable short-stay or permanent accommodation. One secure car space, and a dedicated storage cage, add 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 Sinking Fund: A healthy sinking fund of approximately $272,598 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.

Features

1 bedroom
1 bathroom
1 carspace
1 carport space
50 sq. floor area
Apartment

Property history for 611/55 River Street

2023
Rented
Undisclosed
Leased on 04 Jan 2023 by Mint Residential

Happy sellers in Mackay

87%
87% of sellers in Mackay reported that their sale price either exceeded or met their price expectations.

Mackay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 31 reviews in Mackay over the last 12 months.

Local market activity for 1 bedroom apartments in Mackay

In the last 12 months, 6 one-bedroom apartments similar to 611/55 River Street, have been sold.

This represents a 62% increase in one-bedroom apartments sales when compared to the previous 12 months.

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