1-8/96 Milton Street, Mackay QLD 4740

Recession Proof Real Estate

Block Of Units - Mackay QLD

8 Individually titled units returning $4475 per week on fixed term tenancies with 2907sqm of flat land offering subdivision & development potential for a further 4-6 additional dwellings (Town planning site assessment available).

The motivated seller has instructed us to present all written offers for immediate consideration as the property must be sold.

Property Highlights:

* 7 x 2 Bedroom + 1 Bathroom Units + 1 x 3 Bedroom + 2 Bathroom Unit
* 8 x Carports + additional off-street parking
* All units have been renovated recently
* All units include white goods and the rear 4 are fully furnished
* Units 2-8 are mirror image of each others floor plan
* Unit 1 is a spacious 3 bedroom townhouse with exclusive-use yard and a large rumpus room – Ideal for on-site manager
* Each unit has high quality split-system air-conditioning
* All electrical circuit boards have been upgraded in the past 12 months
* Body corporate is established but not active – No current additional fees
* Building constructed circa 1980
* Council rates ~ $1825 half yearly each unit
* Each unit has its own electricity meter
* Water is measured by a single meter for entire building – Last bill approximately $123 half yearly each
* Town planning site assessment available on request
* Building and Pest inspection reports available on request
* Floor plans and virtual tours available on request
* Walking distance to Mackay’s CBD
* 5 Minute drive to Mackay Base Hospital and Airport

For further information please contact Paul Bryan at Penny Wood Lane Boutique Real Estate Agency.