This very tidy, well-maintained block of five air-conditioned units is in a central location just outside the CBD and offers a superb opportunity for investors wanting to take advantage of Mackay's tremendous rental yields.
All bathrooms, kitchens and floor coverings are well presented and with a consistent painting and maintenance schedule that is up to date, this fully rented property is ready for a seamless transition to the next owner.
The total rent for the five units is $74,880 and, with rental vacancies in Mackay of under 1 per cent, centrally located low-set units such as these are in great demand among tenants.
The block is a short walk to the local public primary school and high school as well as a variety of shops and other community facilities. It is a 1.3km walk to the centre of the CBD, while it's a quick drive to Caneland shopping centre, Parkside shopping centre, several social clubs and pubs and the work sites of Paget.
So a tenant living in this block has easy access to everything they need in Mackay.
The property is a solid block construction and, being low-set with no steps, offers easy access for older and less-mobile tenants.
Set on a block of 1,080sq m that includes a grass area where kids can play safely at the back away from the street, the features include:
- Five units, two of which are two-bedroom and three are one-bedroom
- All units have spacious open-plan, air-conditioned family rooms that offer more than enough room for dining and lounge areas. The two-bedroom units also have air-conditioned bedrooms
- All units have well-maintained kitchens that over-look the family rooms
- They all have tidy bathrooms and their own separate laundries that offer direct access to the back door and out to the clothes lines
- The units have vinyl floor coverings in the living areas and kitchens and carpet in the bedrooms
- All units have a single-car carport and there is plenty of off-street parking
The units are all very well-presented and can be taken over with no renovations required, however updating units over time would certainly increase the rents that are currently being achieved.
There is no body corporate because the units are all on the one title, however an investor could strata title the block and sell units individually.
Give David Fisher a call for more information and to arrange an 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.
