Online Auction 21st November, if not Sold prior.
This private Short term Accommodation house is poised to be one of Mackay's hottest business prospects. Nestled in the heart of the city, it offers a prime chance to tap into the thriving accommodation market situated over 2 titles totalling 1604m2 . Imagine being just a stroll away from shops, cafes, restaurants, and the serene riverfront. Plus, it's a mere 2.5 kilometres from Paget and Mackay Airport, ensuring maximum convenience.
You'll be acquiring a property featuring 46 fully furnished and consistently tenanted rooms, complete with an array of communal amenities. This versatile setup caters to the region's robust workforce and also holds immense potential for tourists and backpackers.
Highlights include 15 single rooms and 31 twin share rooms spread over two levels. Each room is equipped with modern comforts like air conditioning, ceiling fans, and spacious wardrobes. With three dining rooms and three well-appointed kitchens, this space is designed for convenience and functionality. Plus, there are inviting outdoor areas for barbecues and three dedicated indoor recreation rooms.
Choose from two generously sized bathroom blocks and separate laundries, ensuring ample facilities for all residents. Currently, this investment is yielding an impressive $280,000 annually before outgoings & projecting a future return of $480,000 per year with recent rent increases & now holding a short term accommodation license, demonstrating its financial prowess.
Whether you opt for an on-site caretaker or decide to enjoy the lifestyle yourself, this property ensures both security and comfort. The premises are equipped with state-of-the-art security access and surveillance cameras, complemented by ample parking, with strong demand for low income housing throughout Mackay & surrounding regions, along with the current rental shortage, this property will continue to go from strength to strength.
Located in close proximity to CQ University, the Blue Water Trail, and the River Street Boat Ramp, this property is set in a prime tourist destination with easy access to the Great Barrier Reef. And let's not forget the nearby beaches, fantastic fishing spots, and the vibrant Mackay Marina Village.
If you're in search of a turnkey investment or an exciting new venture, 16 Boddington Street is the answer. The owner is highly motivated to consider all reasonable offers before online Auction 15th November, due to other pressing commitments. Don't miss out on this exceptional opportunity!
Property ID: #L25314236
