Mount Isa Village, 22 Simpson Street,
Mount Isa, QLD 4825
Key property information
Map of Mount Isa Village, 22 Simpson Street
Train stations within 5 km of Mount Isa Village, 22 Simpson Street, Mount Isa, QLD 4825 Distance Mount Isa 1 kmPOWERED BY HERE © Bus stops within 5 km of Mount Isa Village, 22 Simpson Street, Mount Isa, QLD 4825 Distance Mount Isa 413 mPOWERED BY HERE ©
Dominant Convenience-Based Shopping Centre
Mt Isa Village comprises a modern enclosed convenience sub-regional shopping centre, dual-anchored by a strongly trading full-line Coles Supermarket and a Kmart Discount Department Store, supported by 19 specialty shops, 2 kiosks and 2 ATMs.
Mt Isa Village is being offered For Sale by Expressions of Interest closing 3PM AEST, Thursday 18 March 2021.
• Enclosed sub-regional centre dual anchored by Coles and Kmart.
• Dominant retail centre in expansive catchment.
• Convenience based centre with a low specialty ratio of 18.35%* of Total GLA.
• Strong trade area income profile.
• Exceptional supermarket performance and sustainable specialty GOCR.
• Substantial centre refurbishment in 2014 with total costs of $10M* including expansion & refurbishment of the Coles supermarket, refurbishment of Kmart, new majors loading docks, roof works, upgrade of common areas & mechanical plant upgrade.
• Attractive major tenant lease terms, including: Strong outgoings recovery, low turnover rent thresholds, Coles trading well into turnover rent.
• Strong income security ~71%* secured by Coles and Kmart.
• Long Major Tenant WALE ~11.5* years (by income).
• Value-add potential for an incoming owner exists, through leasing and remixing.
• Strong rental growth with fixed 4%-5%* specialty reviews and growing supermarket turnover rent.
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Property ID: 503757418Last Updated: 12 May 2021
For Sale by Expressions of InterestWoolworths Mount Isa, 2 Miles Street,Mount Isa, QLD 4825
Under Offer2 Kaeser Road,Mount Isa, QLD 4825
Contact Agent13 Isa Street,Mount Isa, QLD 4825