47 Paradise Street SSouth Mackay QLD 4740
Property Details for 47 Paradise St S, South Mackay
47 Paradise St S, South Mackay is a 1 bedroom, 1 bathroom Unit with 5 parking spaces and was built in 1970. The property has a land size of 809m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (June 2023)
Located on the City fringe conveniently between the business centre and Paget the industrial hub for Mackay this complex presents an opportunity to invest with a location promising to a wide range of potential occupants. Four one-bedroom units, with living area to the lower level and bathroom and bedroom to the top level. All units have 2 air conditioning units.
The complex has no rear neighbours, across the road you can directly access the Bluewater Trail and just a very short walk down the road is the Parkside Plaza with specialty shops and Coles supermarket.
Fully tenanted on fixed-term leases returning between $200 & $220 per week per unit.
Unit 1 $200 to 24/12/21 then $220 to 23/6/22
Unit 2 $200 to 12/9/22
Unit 3 $200 to 31/12/21 then $220 to 29/6/22
Unit 4 $220 to 27/4/22
The property presents well, however, there is room for improvement that will further increase your return, you could also strata title the complex (subject to council approval). With a Mackay vacancy rate of less than 1%, presently our region is on the list for local and interstate investors, do not miss this opportunity!
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.
Property History for 47 Paradise St S, South Mackay, QLD 4740
- 25 Nov 2021Sold for $585,000
- 15 Nov 2021Listed for Sale Offers above $600,000
- 05 Jun 2020Listed for Rent $180 / week
Recent sales nearby
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About South Mackay 4740
The size of South Mackay is approximately 7.2 square kilometres. There are 11 parks, covering nearly 13.1% of the total area. The population of South Mackay in 2016 was 6706 people. By 2021 the population was 6918 showing a population growth of 3.2% in the area during that time. The predominant age group in South Mackay is 30-39 years. Households in South Mackay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Mackay work in a trades occupation.In 2021, 58.60% of the homes in South Mackay were owner-occupied compared with 57.90% in 2016.
South Mackay has 3,547 properties. Over the last 5 years, Houses in South Mackay have seen a 101.69% increase in median value, while Units have seen a 111.69% increase. As at 31 May 2026:
- The median value for Houses in South Mackay is $626,571 while the median value for Units is $448,193.
- Houses have a median rent of $650 while Units have a median rent of $490.
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