SOLD
RECENT ADVICE
Sold on 14 Aug 2023 for $580,000

55 Brisbane Street
Mackay QLD 4740

Bedrooms: 7
Bathrooms: 5
Car spaces: 5
Land area: 1012m2
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Property Details for 55 Brisbane St, Mackay

55 Brisbane St, Mackay is a 7 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in August 2023. There are other 7 bedroom Unit sold in Mackay in the last 12 months.

Building Type
Unit
Land Size
1012m2
Local Government
Mackay Regional
Lot/Plan
1/RP700916

Last Listing description (August 2023)

This large Queenslander-style property in an inner-city location has been converted into five individual flats and earns $66,000 gross income with a nett yield of 7% a year on one title.

Set on a 1,012sq m block, the fully tenanted property is in the CBD so is walking distance to city offices, shops, schools, pubs, restaurants, the TAFE, medical centres and an abundance of other community facilities.

All flats have their own separate access, with bathroom, kitchen and living areas and with access to their own laundry facilities.

- 2 X 2 BEDROOM spacious flats upstairs

- 3 X 1 BEDROOM flats with easy ground level access

Located at the rear of the property there is undercover parking for five cars.
Mackay's rental vacancies are at a very tight one per cent so there is enormous demand for accommodation and a property in this location offers the affordable convenience tenants are seeking.

The property is a short drive to the hospital, the airport, Paget, the university and pretty much anything you need in Mackay.

This property offers a great investment opportunity in a city with low rental vacancies, low unemployment and an abundance of job vacancies.

The central location means amazing convenience for tenants who have easy access to everything they need in terms of workplaces, shopping, restaurants, cafes, social clubs, pubs and beaches.

*Note: The nett rental yield is based on the price of $579,000.

Please call David Fisher 0408 672 703 to arrange a private inspection.

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Property History for 55 Brisbane St, Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$580,000
14 Aug 2023
Listed for Rent
$130/w
28 Jul 2015
  • 14 Aug 2023
    Sold for $580,000
  • 12 Aug 2020
    Listed for Rent $210 / week
  • 24 Jun 2020
    Listed for Sale By Negotiation
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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 72 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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    Contact agent
    David Fisher
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    Gardian Real Estate
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.