Explore Commercial is proud to present 55-57 Gregory Street, Mackay - a rare and highly versatile commercial property now available for sale.
Whether you're an owner occupier, astute investor, or forward-thinking developer, this opportunity offers unmatched flexibility, income potential, and scope for future growth.
Property Overview
• Total Site Area: 1,659 sqm*
• Total Building Area: Approx. 594 sqm* across three commercial tenancies
• Occupancy: Fully leased. 55 Gregory St and 57B Gregory St leases expire in January 2027 - providing opportunity for an owner-occupier.
• Net income: $84,477 per annum*.
Tenancy Breakdown
55 Gregory Street
• Building Size: 349 sqm*.
• Key Features: An incredible freestanding building featuring a highly versatile layout, filled with an abundance of natural light. The internal configuration includes multiple offices, boardroom, open plan work area, a private reception and ample amenities. This property also features secured onsite car parking.
• Development Note: Opportunity to add a second level (STCA).
• Tenant: Optional Supports.
• Lease Expiry: January 2027.
57A Gregory Street
• Building Size: 117 sqm*.
• Tenant: First Choice Home Loans.
• Lease: Brand new 5-year lease.
• Income: Reliable passive income, covering operational and statutory outgoings *.
57B Gregory Street
• Building Size: 128 sqm*.
• Tenant: Optional Supports.
• Lease Terms: Aligned with 55 Gregory Street.
• Development Note: Strong potential for conversion into on-site parking to support the main building (STCA).
Opportunities by Buyer Profile
Owner Occupiers
Occupy the spacious 55 Gregory Street premises while enjoying secure income from 57A. Flexibility to reconfigure or expand as your business grows, with development potential enhancing long-term value.
Investors
This asset offers secure leases with long standing tenants in place. 57A Gregory Street benefits from a strong, brand new 5 year lease, while 55 Gregory Street provides reliable income through to its lease expiry in January 2027. The versatile internal layout of 55 Gregory makes it highly appealing to a wide range of businesses, enhancing its appeal to tenants.
Developers
Unlock further value by:
• Adding a second storey to 55 Gregory Street (STCA).
• Redeveloping 57A and/or 57B to create additional parking or future commercial spaces (STCA).
Summary
This is an exceptional opportunity to acquire a well-positioned, income-producing asset with long-term development potential in the heart of Mackay.
Contact Explore Commercial today to arrange an inspection or to request a detailed Information Memorandum.
*Approximate and subject to confirmation by survey.
The Agent does not give any warranty as to errors or omissions, if any, in these particulars. The provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
