611/55 River Street, Mackay QLD 4740

$340,000

1 beds

1 baths

1 parking

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

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)