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612/55 River Street

Mackay QLD 4740

2
2
1
76 m²
Apartment
Currently for sale - view listing

Overview

Dual-Key Investment in Oaks Rivermarque Strong Returns in a Prime Riverfront Location

Positioned within the highly sought-after Oaks Rivermarque complex, Apartment 612 presents a compelling investment opportunity in the heart of Mackay's riverfront precinct. Offering a flexible dual-key configuration, this property is designed to maximise returns while providing versatility for both short-term accommodation and long-term leasing. The apartment comprises a spacious primary suite alongside a fully self-contained secondary studio, allowing for dual income streams or the option to combine into one larger residence. With access to professional onsite management, this is an ideal set-and-forget investment within a well-established complex. Financial performance highlights the strength of this asset, with consistent occupancy and income generation. The property generated approximately $40,651 in net owner returns over the 2024 financial year , with ongoing monthly income evidenced through current owner statements. (Further financial information is available for review) Property highlights include: Dual-key layout for maximum flexibility and income potential Strong historical returns with professional onsite management Body Corporate contributions approximately $5,977 annually (admin + sinking fund) Council rates approximately $2,173 per half year Healthy sinking fund balance of over $373,000 supporting long-term maintenance Residents and guests enjoy access to resort-style facilities including a pool, gym, and secure complex amenities, all within walking distance to Mackay's CBD, Bluewater Lagoon, and dining precinct. Whether you're expanding your investment portfolio or seeking a high-performing, professionally managed asset, this property offers strong fundamentals in a premium location.

Features

2 bedrooms
2 bathrooms
1 carspace
76 m² lot size
Apartment

Happy sellers in Mackay

96%
96% of sellers in Mackay reported that their sale price either exceeded or met their price expectations.

Mackay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 33 reviews in Mackay over the last 12 months.

Local market activity for 2 bedroom apartments in Mackay

In the last 12 months, 19 two-bedroom apartments similar to 612/55 River Street, have been sold.

This represents a 34% increase in two-bedroom apartments sales when compared to the previous 12 months.

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