Calling all investors to 16 English Street offering an entire block of six units with a convenient location and great return, this exciting opportunity is one you can't afford to miss. There has never been a better time to invest in our strong and ever growing Mackay Region as we are currently experiencing an all-time low with our rental vacancy rate below 1%, thus enforcing the strength of our property market. Investing into a property such as 16 English Street will currently see you with a current return of $1,500 per week in combined rent with a zero vacancy rate which is approximately a 7.8% return annually. (Future rent return is expected to be $1,800 per week - 9.3% return)
Each of the six units within this property consist of two levels of living with a practical layout comprising air conditioned open plan living on the lower level with the private spaces upstairs. The lower level includes the kitchen, dining and lounge spaces, there is also a laundry off the kitchen with access to the rear common area. Floating stairs lead you to the upper level where you'll find two bedrooms and the bathroom, the upper level features hardwood polished floors, built-in-robes to both bedrooms and a balcony to the main bedroom. Each unit has its own covered parking space at the rear of the complex which is out of sight from the street front for peace of mind.
This block of units is surrounded by all there is to love about being on the city fringe of Mackay, with primary and high schools in walking distance, convenience stores and local supermarkets like Coles and Woollies minutes away, or both Canelands Shopping Centre and Mackay Base Hospital is only a 7 minute drive from the property.
Offering six functional units and a fantastic return, 16 English Street is an exciting opportunity you can't afford to miss. The Mackay property market is strong and continues to grow, we look forward to showing you through this exciting investment opportunity.
The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.