OFF MARKET

4/5 Bridge Road
East Mackay QLD 4740

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 50m2
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Property Details for 4/5 Bridge Rd, East Mackay

4/5 Bridge Rd, East Mackay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 50m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1980
Floor Size
56m2
Land Size
50m2
Local Government
Mackay Regional
Lot/Plan
4/GTP70226

Last Listing description (April 2010)

SELF CONTAINED INVESTMENT UNIT $147,000
WANT AN AFFORDABLE INVESTMENT? IN A FANTASTIC LOCATION? LOOK NO FURTHER!!!
THIS HASSLE FREE INVESTMENT APARTMENT IS LOCATED AT OCEAN RESORT VILLAGE, 5 BRIDGE ROAD (NEXT TO OCEAN INTERNATIONAL HOTEL). OWNING YOUR VERY OWN QUALITY INVESTMENT APARTMENT FOR JUST $147,000. LETS START BUILDING YOUR PORTFOLIO - THIS APARTMENT IS SITUATED IN THE FINENESS MANAGED BEACHFRONT OCEAN RESORT VILLAGE, JUST MINUTES TO MACKAY CBD AND RECREATIONAL GROUNDS NEAR THE AIRPORT.

EACH APARTMENT IS FULLY MANAGED, SELF CONTAINED AND FULLY FURNISHED. 38 IN TOTAL. THE RESORT HAS SHOWN SOLID RETURNS SINCE 1985 AND THE EXCEPTIONALLY HIGH OCCUPANCY IS NOW IN EXCESS OF 93% AND GROWING. OUTSTANDING REPEAT OF BUSINESS IS ALSO EXPERIENCED FROM THE MINING AND HINTERLAND FAMILIES. THE RESORT MANAGERS ARE ON SITE THIS MEANS REPAIRS AND MAINTENANCE, MARKETING AND PROMOTIONS AND THE PUBLIC RELATIONS ARE HANDLED FOR YOU. THE FIRST MAJOR BENEFIT IS THE OBVIOUS RATE OF THE APPROX NET RETURN (5% - 7%), ALMOST DOUBLE THAT OF NORMAL RESIDENTIAL REAL ESTATE AS WELL AS THE TAXATION WINDFALL TO YOU. THE OTHER BENEFIT IS MORE OF THE HEART, IN THAT, THE APARTMENT CAN BECOME YOUR ???BEACH HOUSE??? FOR THE OCCASIONAL HOLIDAY BREAKS AS ARRANGED WELL IN ADVANCE WITH THE RESORT ON SITE MANAGERS. AS YOU CAN UNDERSTAND THIS IS A ???MUST SEE??? SOLID INVESTMENT. SOME APARTMENTS ARE OWNED BY SELF MANAGED SUPER FUNDS. GIVE ME A CALL TO ARRANGE YOUR INSPECTION TODAY AND ALSO SEE THE FIGURES AVAILABLE. CALL ME TODAY, DON AGNEW ON: 4957 21 21 (24 HOURS)

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Property History for 4/5 Bridge Rd, East Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$47,334
07 Feb 2023
  • 07 Feb 2023
    Sold for $47,334
  • 01 Apr 2011
    Sold for $130,000
  • 09 Apr 2010
    Listed for Sale 147000
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About East Mackay 4740

The size of East Mackay is approximately 3.3 square kilometres. It has 6 parks covering nearly 9.9% of total area. The population of East Mackay in 2011 was 3,636 people. By 2016 the population was 3,571 showing a population decline of 1.8% in the area during that time. The predominant age group in East Mackay is 40-49 years. Households in East Mackay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Mackay work in a professional occupation. In 2011, 63.2% of the homes in East Mackay were owner-occupied compared with 58.7% in 2016.

East Mackay has 1,926 properties. Over the last 5 years, Houses in East Mackay have seen a 54.79% increase in median value, while Units have seen a 98.36% increase. As at 31 October 2024:

  • The median value for Houses in East Mackay is $527,663 while the median value for Units is $317,397.
  • Houses have a median rent of $535 while Units have a median rent of $440.
There are currently 23 properties listed for sale, and 5 properties listed for rent in East mackay on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in East mackay.

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