302/20 River Street, Mackay, QLD, 4740, Australia

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.
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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
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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 décor throughout
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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
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Prime Riverside Location
Perfectly positioned in Mackay’s Bluewater Quay precinct, Lanai Riverside Apartments offer direct access to:
• Caneland Central Shopping Centre
• Bluewater Lagoon and Pioneer River walking trails
• CBD restaurants, cafés, and entertainment venues
• Major business and medical precincts
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The Complete Package
Whether you’re 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.
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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.(Listing ID: 21164154 )