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A Perfect Investment Opportunity or a Place to Call Home

Offers from $425,000

Apartment real estate, Mackay QLD

Welcome to Lanai Riverside Apartments, where comfort meets convenience in the heart of Mackay. Wake up to river views every morning, enjoy lazy strolls along the Cathy Freeman boardwalk, dinner at a nearby restaurant, or a casual BBQ around the resort style swimming pool with family and friends.

Not only is this a family friendly, well maintained apartment designed with modern day living in mind, but also a perfect passive investment opportunity with options for short-term and permanent letting. Any astute Investor looking for a fully furnished apartment with high occupancy "should look no further"!

Generating $71,710 gross income and $48,407 net return (excluding strata management) for the period 1 October 2024 to 30 September 2025, this apartment has consistently performed as one of the top earners within the holiday letting pool.
________________________________________
Key Highlights
Flexible ownership options: occupy, lease long-term, or continue short-stay letting
Professionally managed onsite with proven occupancy and repeat guest demand
3rd floor position with limited Pioneer River views
Zero setup costs ready for immediate occupancy or investment
________________________________________
Apartment Features
Spacious open-plan living and dining opening to a private balcony
Modern kitchen with caesarstone benchtops, stainless steel appliances, and ample storage
Two generous bedrooms including master suite with ensuite and walk-in robe
Second bathroom with quality fittings and caesarstone finishes
Washer and dryer located in second bathroom
Mitsubishi ducted reverse-cycle air conditioning for year-round comfort
Elegant, quality furnishings and dcor throughout
________________________________________
Resort Facilities
20m resort-style swimming pool with tropical surrounds
Fully equipped gymnasium and sauna
Outdoor BBQ and entertainment areas
Secure undercover parking for two vehicles
CCTV, key-swipe access, dual lifts, and professional onsite management
Conference and meeting facilities available for residents and guests
________________________________________
Prime Riverside Location
Perfectly positioned in Mackays Bluewater Quay precinct, Lanai Riverside Apartments offer direct access to:
Caneland Central Shopping Centre
Bluewater Lagoon and Pioneer River walking trails
CBD restaurants, cafs, and entertainment venues
Major business and medical precincts
________________________________________
The Complete Package
Whether youre seeking a high-performing investment, a centrally located residence, or a lock-up-and-leave home base, this 3rd-floor apartment combines financial strength with resort style living. Its proven performance and prime riverside location make it a standout opportunity in the Mackay market.
Contact us today to arrange your private inspection or discuss letting options.
________________________________________
Disclaimer: In preparation of information for this listing we used our best endeavours to ensure that the information contained herein is true and correct but accept no responsibility and disclaim all responsibility in respect of any errors omissions inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

More Information

Property Overview

  • Category: Apartment
  • Details:   2    2     1
  • Price: Offers from $425,000
  • Area: 91m2

Property Features

  • Furnished
  • Gym
  • Balcony
  • Intercom
  • Air Conditioned

Investment Information

  • Gross Return: $ 71710
    How much does the property return in rent per year.
  • Net Return: $ 48407
    How much does the property return after all management expenses are deducted.
  • Yield: 16.87%
    The percentage of the Asking Price that the property delivers in Gross Return each year.
  • Guaranteed Return (PA): $ (not disclosed)
    Some managers offer a guaranteed rental return. If applicable, this will be detailed above.
  • Body Corporate Costs: $ 13495
  • Rates PA: $ 3953
  • Management Fee: 13.2%
    How much is charged as a management fee.
  • Cleaning Costs (PA): $ 6696
    Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.
  • Cable and Data costs (PA): $ 240
    Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.
  • Location

  • Address: Lanai Riverside Apartments 302/20 River Street Mackay QLD
  • Inspection Times

    Listing Agent Contact Details


    Portrait

    Karen Nelson

    Mobile : 0429161...

    Send an Email:


    Similar Properties

    Listing Photograph $750,000

    Apartment Real Estate

    Mackay, Mackay

    Exceptional Riverside Investment or Lifestyle Retreat – Premier Apartment with High-Yield Returns & Resort Living (21158856)

    • Area: 158m2
    • Returning (PA): $ 93,846
    • Yield: 12.51%
    • 3
    • 2
    • 2
    Listing Photograph Offers from $425,000

    Apartment Real Estate

    Mackay, Mackay

    A Perfect Investment Opportunity or a Place to Call Home (21164154)

    • Area: 91m2
    • Returning (PA): $ 71,710
    • Yield: 16.87%
    • 2
    • 2
    • 1
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    • Property ID: 21164154
    • Broker's Ref:
    • =7567654
    • Last Update: 1 day ago.
    • Listing Type: Apartment
    • Price: Offers from $425,000
    • Mackay, QLD

    Agent Details


    Portrait

    Karen Nelson

    Mobile : 0429161...

    Send an Email:


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