Mackay high rise sells well

Reed Property Group’s Rivermarque development in Mackay has already had sales of 50% after only six months on the market.

One of the first high-rise developments in the city is now under construction and construction is due for completion in mid-2014.

Reed Property Group managing director Ken Reed shared sales figures that reflect the swift and strong interest in the property from interstate investors and local buyers.

“In my years of experience in real estate development, I’ve only seen a handful of projects attract the level of interest we’ve seen in Rivermarque,” Mr Reed said.

“We are delighted that almost half of the apartments in Rivermarque have sold to the local market,” he said. “I believe the key to our success is the development’s strong forecasted investment yields of up to 9% per annum, delivering cash flow-positive returns.
“For a limited time only, Rivermarque is offering a 7% net rental guarantee for five years.”

Rivermarque has 91 apartments all featuring at least one secure car park. On-site facilities include a gym, outdoor pool, spa and barbecue area, along with ground-floor retail and hospitality amenity.

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