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Ray White Commercial - Queensland

North Mackay Central, 25-31 Evans Avenue North Mackay, QLD 4740

Directions

North Mackay Central, 25-31 Evans Avenue,
North Mackay, QLD 4740

Shop & Retail • Development Sites & Land • Medical & Consulting

Price information

Sale

$15,400,000

Under Contract

Key property information

Land area

Floor area

Car spaces

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$1,001,008
Number of Tenants
13 Tenants

Private inspections

to arrange a private inspection.
Ray White Commercial - Queensland
Lachlan O'Keeffe
Michael Feltoe

Ray White Commercial - Queensland

Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
Ray White Commercial - Queensland
North Mackay Central, 25-31 Evans Avenue
North Mackay, QLD 4740

Map of North Mackay Central, 25-31 Evans Avenue

Directions
  • Bus stops within 5 km of North Mackay Central, 25-31 Evans Avenue, North Mackay, QLD 4740Distance
    Evans Avenue Near Grendon Street105 m
    Grendon Street Near Palmer St172 m
    Evans Ave at Harbour Road207 m
    Malcomson St at Harvey Street481 m
    Grendon Street at King Street524 m
    POWERED BY HERE ©
POWERED BY HERE ©

Modern Shopping Centre and Adjoining Development Site

Ray White Commercial QLD is pleased to offer for sale North Mackay Central a modern convenience based shopping centre and adjoining development site (Stage 2) - available to purchase individually or in-one-line.
• North Mackay Central: $15,400,000 (6.5% Yield)
• Stage 2: $1,500,000 + GST
• Total: $16,900,000

WHAT
• The centre is securely anchored by an IGA supermarket and Glencore a $100 billion multinational mining company
• Supported by 11 tenancies that comprise a strategic mix of essential service tenants within the healthcare, retail and mining industries
• A brand new lease to Star Liquor, Queensland's largest independently owned and operated liquor retailer with over 50 stores.
• Comprising 2,480sqm* of GLA across two retail buildings and a two-storey office building on 6,071sqm* of land
• Stage 2 is the 3,035sqm* adjoining site which has potential for an additional 1,500sqm* of GLA and 58* car parks (STCA)
• Fully leased net income of $1,001,008 + GST pa

WHERE
• Situated a 5 min drive from the Mackay CBD, Queensland's 4th largest regional city and home to almost 118,000* residents
• With a total development pipeline value of $13.3 billion, the Mackay region supports some of the largest infrastructure projects in QLD

WHY
• WALE of 4.87* years
• New 10 and 5 year leases to both Major Tenants IGA and Glencore who have occupied their tenancies since the centre opened in 2011
• Highly tax effective income stream with up to $5,750,000 in total deductions

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Additional information

Property ID: 504046999Last Updated: 1 Jul 2022

Ray White Commercial - Queensland
Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
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