SOLD
Sold on 06 Nov 2023 for $1,250,000

8 Wellington Street
Mackay QLD 4740

Bedrooms: 15
Bathrooms: 7
Car spaces: 7
Land area: 1012m2
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Property Details for 8 Wellington St, Mackay

8 Wellington St, Mackay is a 15 bedroom, 7 bathroom Unit with 7 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 November 2023. There are other 15 bedroom Unit sold in Mackay in the last 12 months.

Building Type
Unit
Land Size
1012m2
Local Government
Mackay Regional
Lot/Plan
2/RP744697

Last Listing description (November 2023)

Discover a golden opportunity to secure a block of seven units in the heart of Mackay?s bustling Central Business District, just a stones throw away from Canelands Central, the city?s largest shopping hub.
PROPERTY HIGHLIGHTS -
* Location: This property sits on a spacious 1,012sqm allotment, making it an enviable investment in a prime CBD location

* Unit Configuration: The complex comprises 1 spacious 3 bedroom and six comfortable 2 bedroom units
* Layout: Each unit offers an open plan living downstairs, complete with a fully equipped kitchen and laundry facilities. Upstairs, you?ll find the bedrooms and a well appointed bathroom
* Parking: With 7 dedicated off street parking spaces, including a single lock up garage and six single carports, convenience is guaranteed
* Comfort: Split system air-conditoning in the living and main bedrooms of each unit
* Investment Potential: There is room for improvement to optimize your returns, or you can maintain the property as is. Currently, the complex boasts 100% occupancy with long term tenants.
FINANCIAL SNAPSHOT -
* Annual Rental income is a solid $111,280 generated annually
* Council Rates - Approximately $15,169 per annum
* Water Rates - Approximately $1,816 per annum
This is a rare investment opportunity offering an ideal location, attractive returns and the advantage of zero body corporate fees.
ACT NOW and seize this profitable investment in the heart of Mackay.

Please contact Wendy Pollock 0419 775 418.
Disclaimer- All figures and information are approximate and subject to change. Buyers are advised to conduct their own due diligence.

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Property History for 8 Wellington St, Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$1,250,000
06 Nov 2023
Listed for Rent
$230/w
07 Aug 2015
  • 06 Nov 2023
    Sold for $1,250,000
  • 23 Oct 2023
    Listed for Sale $1,320,000.00
  • 06 Jan 2020
    Listed for Rent - Price not available
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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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