1-4/42 Binnington Esplanade, East Mackay, Qld 4740 - More Details
Auction
An exceptional investment opportunity awaits on the highly sought-after Binnington Esplanade, offering uninterrupted beachfront and expansive Coral Sea views. This rare block of four units sits directly across from the sand and ocean, providing strong rental appeal and future potential in one of Mackay's most desirable coastal positions.
Comprising two 1-bedroom units and two 2-bedroom units, each includes 1 bathroom and 1 secure car space, making it an ideal mix for a variety of tenants. Some recent improvements have already been carried out, ensuring immediate comfort and income stability while still leaving room for future value-adding.
Set on a generous 862sqm allotment, the property also features storage sheds, further enhancing functionality and rental desirability. Currently generating approximately $83,000 per annum, this is a standout opportunity for investors seeking solid returns and blue-chip beachfront positioning.
Key Features:
- Absolute beachfront location on Binnington Esplanade
- Uninterrupted ocean and Coral Sea views
- Block of 4 units:
- 2 Õ 1-bedroom, 1-bath, 1-car
- 2 Õ 2-bedroom, 1-bath, 1-car
- Approx. $83,000 p.a. rental income
- 862sqm allotment
- Storage sheds for additional tenant convenience
- Recent improvements already completed
- High-demand coastal location close to the CBD, parks and pathways
- To be sold via auction - Monday, 25 May at the Gardian Auction Room
A rare chance to secure a high-performing, beachfront investment with outstanding long-term potential. Opportunities like this on the Esplanade are few and far between-and with the property set to go under the hammer, buyers are strongly encouraged to act quickly to secure their interest prior to auction.
An exceptional opportunity awaits developers and investors with this property adjoining another available property at 44 Binnington Esplanade. Positioned within the Mackay Waterfront Priority Development Area (PDA), the combined landholding totals approximately 1,681sqm, offering outstanding potential for a future mixed-use or multi-residential project (subject to approvals), all while benefiting from strong holding income in the interim.
Contact the agent today to arrange an inspection, request further information, or register your interest ahead of the auction. Opportunities of this calibre rarely become available and will not last.
Disclaimer:
This property is offered for sale without a stated price. Accordingly, no price guide is available. Any price range displayed by online platforms is generated solely for website functionality and does not form part of the agent's marketing or advice.
All information contained in this advertisement has been provided by the seller. While reasonable care has been taken in its preparation, the agent makes no representations or warranties regarding the accuracy or completeness of the information and accepts no liability for any errors, omissions, or inaccuracies. Prospective purchasers should rely on their own inspections, enquiries, and independent advice to satisfy themselves as to all aspects of the property.
Images, floor plans, location indicators, and any furnishings or styling - whether physical or virtual - are included for illustrative purposes only and do not form part of the sale. No financial, legal, or investment advice is provided, and purchasers are encouraged to obtain their own independent advice in relation to finance and funding.
- Type
- Block Of Units
- Bedrooms
- 6
- Bathrooms
- 4
- Parkings
- 4
- Area
- 862 m²
