North Mackay Central comprises a modern, convenience-based retail, allied health, and professional services-based shopping centre dual anchored by IGA and mining giant Glencore. The complex features 13 tenancies including IGA, Hail Creek Coal (Glencore), a Bottle Shop, Domino's Pizza, Café, Takeaway, Orthodontist, Audiologist, Optometrist, Financial Planner, and a Mining Logistics Company with over 75%* of net income secured by national brands, allied health and mining tenancies.
Key highlights include:
- Dual anchored by IGA and Glencore (mining subsidiary)
- Diverse tenant mix with over 75%* of net income secured by national brands, allied health and mining tenancies
- All tenants feature net leases with assured rental growth
- Modern centre developed in 2011 providing ongoing depreciation benefits
- High exposure location within 2km* from the Mackay CBD
- Strong population growth with Mackay forecast to grow by 28%* to 158,000* residents by 2041
- Mackay boasts some of QLD's largest infrastructure projects with a development pipeline of over $10.94 billion*
- Diverse regional economy with thriving agriculture, mining, resources and tourism industries driving continued growth
- Net income: $1,075,438* p.a. (fully leased estimate)
*Approximate
For Sale by Private Negotiation.