This large Queenslander-style property in an inner-city location has been converted into five individual flats and earns $66,000 gross income with a nett yield of 7% a year on one title.
Set on a 1,012sq m block, the fully tenanted property is in the CBD so is walking distance to city offices, shops, schools, pubs, restaurants, the TAFE, medical centres and an abundance of other community facilities.
All flats have their own separate access, with bathroom, kitchen and living areas and with access to their own laundry facilities.
- 2 X 2 BEDROOM spacious flats upstairs
- 3 X 1 BEDROOM flats with easy ground level access
Located at the rear of the property there is undercover parking for five cars.
Mackay's rental vacancies are at a very tight one per cent so there is enormous demand for accommodation and a property in this location offers the affordable convenience tenants are seeking.
The property is a short drive to the hospital, the airport, Paget, the university and pretty much anything you need in Mackay.
This property offers a great investment opportunity in a city with low rental vacancies, low unemployment and an abundance of job vacancies.
The central location means amazing convenience for tenants who have easy access to everything they need in terms of workplaces, shopping, restaurants, cafes, social clubs, pubs and beaches.
*Note: The nett rental yield is based on the price of $579,000.
Please call David Fisher 0408 672 703 to arrange a private inspection.
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
