407/55 River Street

Offering the flexibility of a one-bedroom apartment and a separate hotel-style studio, 407A & 407B provide two distinct accommodation options under the one ownership - an appealing advantage for investors seeking versatility within the complex.Property SnapshotDual Key | 1 Bedroom + Studio | 2 Bathrooms | 1 Car SpaceOffering flexibility, river views, and the benefit of two separate accommodation suites, this dual-key property presents an appealing opportunity within a highly convenient inner-city location.Positioned on the fourth floor of the Oaks Rivermarque,

Units 407A & 407B offer the flexibility of two separate accommodation suites under the one ownership, both enjoying attractive views towards Mackay's beautiful Pioneer River.407A features a well-appointed one-bedroom layout with kitchenette, an additional full-size fridge, new bed and new air-conditioning. Well maintained and neatly presented, it provides comfortable and practical accommodation with the added appeal of its river outlook.407B is a hotel-style studio suite, also enjoying river views and offering the convenience expected of hotel accommodation, with tea and coffee making facilities.

A new bed and new air-conditioning further enhance the suite.Both apartments have been well kept, maintained and consistently in a tidy presentable condition.The property includes one secure car space.Residents and guests enjoy the facilities of this secure complex, including swimming pool, gym and bistro/café downstairs, all within approximately a five-minute walk of Mackay City Heart and Canelands Central Shopping Centre.Price: $510,000Body Corporate & Insurance Levies: Approximately $8,877 per annumSinking Fund: A healthy sinking fund of approximately $373,000 provides additional confidence in the ongoing management and maintenance of the complex.Accommodation Return:

33.43% of accommodation revenue after management fees and associated expenses, detailed in the hotel statement, available together with the Form 2 Disclosure Statement upon genuine interest to purchase.Inspection by Appointment:To schedule a private inspection, contact Eleni Karambasis on 0418 778 420 Features air conditioningbalconygymdishwashersecure parkingClose to ShopsClose to Transport Kitchenette Pool River Views Short Term Property Brochures Property ID FRQHUG