47 Paradise Street, SOUTH MACKAY QLD 4740

Sale Price $585,000

SOLD ... MORE NEEDED! Call Sandra on 0409 591 670 today.

Located on the City fringe conveniently between the business centre and Paget the industrial hub for Mackay this complex presents an opportunity to invest with a location promising to a wide range of potential occupants. Four one-bedroom units, with living area to the lower level and bathroom and bedroom to the top level. All units have 2 air conditioning units.

The complex has no rear neighbours, across the road you can directly access the Bluewater Trail and just a very short walk down the road is the Parkside Plaza with specialty shops and Coles supermarket.

Fully tenanted on fixed-term leases returning between $200 & $220 per week per unit.

Unit 1 $200 to 24/12/21 then $220 to 23/6/22
Unit 2 $200 to 12/9/22
Unit 3 $200 to 31/12/21 then $220 to 29/6/22
Unit 4 $220 to 27/4/22

The property presents well, however, there is room for improvement that will further increase your return, you could also strata title the complex (subject to council approval). With a Mackay vacancy rate of less than 1%, presently our region is on the list for local and interstate investors, do not miss this opportunity!

The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.

Property Features
  • Block Of Units
  • 4 bed
  • 4 bath
  • 5 Parking Spaces
  • Land is 809 m²
  • Garage
  • 4 Carport
Real Estate Agent

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