15/107 Shakespeare Street, Mackay QLD 4740

Tenanted until late 2026 | 2-bed townhouse under $400k | Body corp $5,250 pa | Mackay’s steady rental demand This property presents a rare combination of secure tenancy and sub-400k entry in a market where comparable stock is scarce. The fixed rental income at $450 per week until October 2026 provides immediate cashflow certainty, while the 70 sqm internal layout with separate parking appeals to both investors and first-home buyers seeking low-maintenance living. Its location within Mackay’s council area, with no bushfire risk noted, strengthens its appeal for risk-averse purchasers. The configuration works best for an investor prioritising yield over capital growth speculation, or an owner-occupier wanting to lock in below-market purchase price with a known outgoing structure. The primary risk is the $5,250 annual body corporate fee, which at current rent consumes roughly 22% of gross income—this narrows net yield and limits buffer for unexpected levies. The 1983 build may require future capital works contributions, though no sinking fund details are available. Rates at $3,600 are moderate for the region. The opportunity lies in the tenancy expiry; by late 2026, rental growth in Mackay may allow a reset to market rates, improving yield. For a buyer, the logical hold is to collect income until vacancy, then reassess sale or refinance based on equity position.