Burgess Rawson are pleased to offer to the market Westpac Mackay QLD, for sale via Expressions of Interest closing 3pm Thursday 30 May 2024.
This opportunity has the following key investment highlights:
+ Anchored by a five (5) year net lease to Westpac to August 2027 plus two (2) further three (3) year options to 2033
+ Westpac: top 5 ASX-listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $81.55 billion
+ Supported by a five year net lease to CBG Partners to June 2028 plus two (2) further (3) year options to 2034
+ CBG Partners: highly renowned accounting practice, established in the 1930's with a long history of strong performance and experienced management group
+ 100% leased freehold investment, providing a secure 3.70 year WALE*
+ High exposure 665sqm* corner freehold in the heart of the Mackay CBD on the corner of Wood and Victoria Street
+ Prime position in the centre of the Mackay CBD and located 750 metres* from Caneland Central anchored by Myer, Target, Big W, Coles & Woolworths
+ Tenants responsible for 100% of outgoings as per the lease
+ Fixed 3% & the greater of 4% or CPI annual rent increases, providing strong rental growth
+ Highly desirable 'Principal Centre' zoning allowing for future development upside
+ 40,000 residents within a 5km radius*, further highlighting the strength of the trade catchment and tenant
+ Mackay: one of Queensland's fastest growing coastal regions and home to over 177,000 residents
+ Net Income: $284,250 pa* + GST (as at June 2024)
For Sale via Expressions of Interest
Closing 3pm AEST Thursday 30 May 2024
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
