FOR SALE
$419,000

305/20 River Street
Mackay QLD 4740

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Great Investment - Magic Views

Lanai Riverside Apartments provide modern accommodation and a premiere address for both permanent living and/or holiday letting. The prime inner-City location is within easy walking distance of the City Centre, restaurants and Caneland Shopping Complex.
The third floor Unit enjoys good views and comprises two bedrooms, two bathrooms, office nook, kitchen, living/dining and front balcony. Single basement car accommodation is also included.
The complex comprises 80 Units of varying size and floor plans. In house management is available for short term or long term letting or alternatively can be used for permanent owner occupation. Other facilities available for use by tenants or owners include an In Ground pool, poolside patio area and a gymnasium.
The Units are in near new condition and come fully furnished including kitchen items. The units are enjoying a high occupancy rate and are showing an attractive return.
Inspection is by appointment only and at the discretion of the existing tenant.

Property Details for 305/20 River St, Mackay

305/20 River St, Mackay is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The place is currently for sale with Blacks Real Estate - MACKAY.

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Unit

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About Mackay 4740

The size of Mackay is approximately 4.4 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Mackay in 2011 was 4,070 people. By 2016 the population was 3,642 showing a population decline of 10.5% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mackay work in a professional occupation. In 2011, 31.8% of the homes in Mackay were owner-occupied compared with 31.8% in 2016.

Mackay has 3,484 properties. Over the last 5 years, Houses in Mackay have seen a 49.91% increase in median value, while Units have seen a 89.33% increase. As at 31 August 2024:

  • The median value for Houses in Mackay is $415,637 while the median value for Units is $335,295.
  • Houses have a median rent of $490 while Units have a median rent of $450.
There are currently 69 properties listed for sale, and 23 properties listed for rent in Mackay on OnTheHouse. According to CoreLogic's data, 242 properties were sold in the past 12 months in Mackay.

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Dan Cronin
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Blacks Real Estate - MACKAY
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