Share this property

JLL - Brisbane

Mount Isa Village, 22 Simpson Street Mount Isa, QLD 4825

Directions

Mount Isa Village, 22 Simpson Street,
Mount Isa, QLD 4825

Shop & Retail • Hotel & Leisure • Showrooms & Bulky Goods

Price information

Sale - Expression of Interest

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Private inspections

to arrange a private inspection.
JLL - Brisbane
Mount Isa Village, 22 Simpson Street
Mount Isa, QLD 4825
JLL - Brisbane

JLL - Brisbane

Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000

Map of Mount Isa Village, 22 Simpson Street

Directions
  • Train stations within 5 km of Mount Isa Village, 22 Simpson Street, Mount Isa, QLD 4825Distance
    Mount Isa1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Mount Isa Village, 22 Simpson Street, Mount Isa, QLD 4825Distance
    Mount Isa413 m
    POWERED BY HERE ©
POWERED BY HERE ©

Dominant Convenience-Based Shopping Centre

JLL & Savills, as joint exclusive agents, are pleased to offer a 100% freehold interest in Mt Isa Village.

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.
*Approx.

Explore property virtually

Video

play

If you'd like to inspect this property in person, please to arrange a private inspection.

Property ID: 503757418Last Updated: 6 May 2021

Agency contacts

JLL - Brisbane
Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
View agency profile
Savills - Brisbane
Level 33, Riverside Centre, 123 Eagle Street
BRISBANE CITY, QLD 4000
View agency profile

More properties from JLL - Brisbane

Other properties you might be interested in based on the location and property type you are looking at.
progress tick

Sending email...

Email enquiry

Jacob Swan

Send to:

Jacob Swan
JLL - Brisbane
Mount Isa Village, 22 Simpson Street Mount Isa, QLD 4825

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call