SOLD
RECENT ADVICE
Sold on 26 Jun 2024 for $650,000

36 Peel Street
Mackay QLD 4740

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 1021m2
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Property Details for 36 Peel St, Mackay

36 Peel St, Mackay is a 5 bedroom, 2 bathroom Flat with 2 parking spaces. The property has a land size of 1021m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 5 bedroom Flat sold in Mackay in the last 12 months.

Building Type
Flat
Land Size
1021m2
Local Government
Mackay Regional
Lot/Plan
1/RP706451

Last Listing description (June 2024)

CALLING ALL ASTUTE INVESTORS AND DEVELOPERS!

Here is an opportunity too good to pass up.

Situated in the heart of Mackay CBD which means walking distance to everything, imagine the saving on fuel.

This is the perfect opportunity for the astute investor to purchase this duplex on a whopping 1021m2 block of land - zoned high density / multi-unit dwelling (flats), start making money immediately whilst waiting for approvals to build a muti unit complex.

Unit 3A is a 3-bedroom unit and unit 36B having 2 bedrooms. Both offer good-sized air-conditioned living areas and covered entertaining areas at the rear.

Long term tenants will ensure immediate income or live in one and rent one out or with potential to build more units.

Properties of this size and income stream in our city heart are rare and highly sought after.

Unit 36A is currently rented at $420 per week with an expected increase to $480-$500 per week
Unit 36B is currently rented at $390 per week with an expected increase to $450 per week

So, if you're wanting to start a property portfolio or wanting to expand on your portfolio, 36A and 36A Peel Street is a must to inspect.

DISCLAIMER: 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.

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Property History for 36 Peel St, Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$650,000
26 Jun 2024
Listed for Rent
$390/w
29 Sep 2023
  • 26 Jun 2024
    Sold for $650,000
  • 13 Jun 2024
    Listed for Sale SOLD BY STACEY ARLOTT 0428 423 219
  • 31 Aug 2023
    Listed for Rent $419 / week
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About Mackay 4740

The size of Mackay is approximately 4.4 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Mackay in 2011 was 4,070 people. By 2016 the population was 3,642 showing a population decline of 10.5% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mackay work in a professional occupation. In 2011, 31.8% of the homes in Mackay were owner-occupied compared with 31.8% in 2016.

Mackay has 3,437 properties.

    There are currently 73 properties listed for sale, and 27 properties listed for rent in Mackay on OnTheHouse. According to CoreLogic's data, 207 properties were sold in the past 12 months in Mackay.

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