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 Snapshot
Dual Key | 1 Bedroom + Studio | 2 Bathrooms | 1 Car Space | Lock-up Storage Cage

Offering 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 Oaks Rivermarque, Units 407A and 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, including a small fridge and tea and coffee facilities. A new bed and new air-conditioning further enhance the suite.

Both apartments have been well kept, maintained and in a tidy presentable condition.

The property includes one secure car space together with a lock-up storage cage conveniently located in close proximity to the car park.

Residents and guests enjoy the facilities of this secure complex, including swimming pool, gym and bistro/caf downstairs, all within approximately a five-minute walk of Mackay City Heart and Canelands Central Shopping Centre.

Price: $510,000
Body Corporate & Insurance Levies: Approximately $8,877 per annum
Sinking 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, as 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