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
