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22 Simpson Street Mount Isa QLD 4825

  • Shop & Retail
  • 9,685 m²
  • For Sale, Contact Agent

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.

    Property Highlights

    Property ID2016793707
    Floor Area9,685 m²
    Land Area1.97 ha
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  11 Feb 2021
    Map for 22 Simpson Street Mount Isa QLD 4825
    Map for 22 Simpson Street Mount Isa QLD 482522 Simpson Street Mount Isa QLD 4825

    Property Highlights

    Property ID2016793707
    Floor Area9,685 m²
    Land Area1.97 ha
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  11 Feb 2021
    JLL Brisbane
    Level 39 Central Plaza One, 345 Queen Street Brisbane City QLD 4000

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