For Sale

611/55 River Street, Mackay, QLD, 4740

$340,000

1
1
1
50 sq.

Apartment

•

30+ days on the market

What's around 611/55 River Street

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.

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