611/55 River Street

Offering excellent accommodation returns from a convenient inner-city position, Unit 611 presents an appealing investment opportunity within the established Oaks Rivermarque complex.Property Snapshot1 Bedroom | 1 Bathroom | 1 Car Space | Storage Cage l Sixth-floor Position l City ViewsPositioned 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/café 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:

$340,000Body 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: 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.

Features air conditioningbalconygymsecure parkingCity ViewsClose to Schools Close to Shops Close to Transport Kitchenette Pool Security Access Property Brochures Property ID FRSHUG