38-40 Wellington Street,
Mackay, QLD 4740
Offices • Commercial Farming & Rural • Shops & Retail
Price information
Sold
$5,500,000
Key property information
Land area
Floor area
Sold on
Map of 38-40 Wellington Street
ICONIC CORPORATE LEASEBACK PLUS OPPORTUNITY TO VALUE ADD
Property Detail
- Land 4,576m2
- Mixed Use
Building
- Two level office with attached print hall and associated storage
- Gross building area 4,741m2 app.
The Underpinning Investment
The Mackay Printing and Publishing Company Pty Ltd, a subsidiary of ASX listed APN News & Media Limited, will lease the whole of the ground level (2,908m2 net*) at commencing rental of $475,310 pa plus pro rata share of property outgoings.
The Value Add Opportunity
On completion of refurbishment of ground level offices (to be undertaken at vendor's cost) app. 890m2* of upper level office space will be available with vacant possession for investment or for owner occupation, with a further 350m2* currently on short leases with significant rental uplift on reversion. (*subject to survey)
FOR SALE BY EXPRESSIONS OF INTEREST CLOSE 11 JUNE 2008, 12:00PM AT McGEES PROPERTY'S OFFICE, 145 EAGLE STREET BRISBANE
LEAD AGENT:
Tony Love
0418 884 330
07 3831 2711
ajlove@bne.mcgees.com.au
LOCAL EXCLUSIVE AGENTS:
Des Besanko
0419 860 129
07 4944 0088
dbesanko@ljhc.com.au
and
Shane Sutton
0418 765 123
07 4951 8100
suttons@bigpond.net.au
- Land 4,576m2
- Mixed Use
Building
- Two level office with attached print hall and associated storage
- Gross building area 4,741m2 app.
The Underpinning Investment
The Mackay Printing and Publishing Company Pty Ltd, a subsidiary of ASX listed APN News & Media Limited, will lease the whole of the ground level (2,908m2 net*) at commencing rental of $475,310 pa plus pro rata share of property outgoings.
The Value Add Opportunity
On completion of refurbishment of ground level offices (to be undertaken at vendor's cost) app. 890m2* of upper level office space will be available with vacant possession for investment or for owner occupation, with a further 350m2* currently on short leases with significant rental uplift on reversion. (*subject to survey)
FOR SALE BY EXPRESSIONS OF INTEREST CLOSE 11 JUNE 2008, 12:00PM AT McGEES PROPERTY'S OFFICE, 145 EAGLE STREET BRISBANE
LEAD AGENT:
Tony Love
0418 884 330
07 3831 2711
ajlove@bne.mcgees.com.au
LOCAL EXCLUSIVE AGENTS:
Des Besanko
0419 860 129
07 4944 0088
dbesanko@ljhc.com.au
and
Shane Sutton
0418 765 123
07 4951 8100
suttons@bigpond.net.au
Property ID: 5404247Last Updated: 5 Dec 2013
07 3231 97...
38-40 Wellington Street
Mackay, QLD 4740
McGees Property - BrisbaneLevel 5, 410 Queen Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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