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25-31 Evans Avenue North Mackay QLD 4740

  • Shop & Retail
  • 2,480 m²
  • For Sale, $15,400,000 (GST na) (under offer)

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

    Property Highlights

    Floor Area2,480 m²
    Land Area9,106 m²
    Parking85 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2017723414
    Category
    Last updated  2 Jun 2022
    Map for 25-31 Evans Avenue North Mackay QLD 4740

    Property Highlights

    Floor Area2,480 m²
    Land Area9,106 m²
    Parking85 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2017723414
    Category
    Last updated  2 Jun 2022
    Level 26 111 Eagle St Brisbane City QLD 4000
    Michael Feltoe
    Michael Feltoe
    Ray White Commercial (QLD)
    Lachlan O'Keeffe
    Lachlan O'Keeffe
    Ray White Commercial (QLD)

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    25-31 evans avenue,north mackay, QLD 4740
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