612/55 River Street, Mackay QLD 4740

Offers from $429,000

2 beds

2 baths

1 parking

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

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 as it is currently under a hotel management strategy.

(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)
Insurance Levy of approximately $2900 per annum
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.

Property Details

• Type: Unit
• Bedrooms: 2
• Bathrooms: 2
• Carport Spaces: 1
• Land Area: 76 m² (approx)