 Asset Class: | Retail |
 Price: | $ 865000 |
 Net Yield: | 7.40 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<br>This prime commercial asset presents a unique chance to acquire a premium fully leased retail <br>shopping centre as well as land for expansion for future development. The property is located in <br>Mackey one of the fastest growing cities in north Queensland. 111 & 117 Bedford Road are two <br>adjoining blocks and are positioned on the home- bound side of a well-established and high-volume <br>traffic corridor, providing one the major entry points to the fast-growing area of Andergrove, a major <br>dormitory suburb in north Mackay. Lastly, the asset is circa 18 minutes away from Mackay’s modern <br>airport which acts also as a major transit hub for FIFO workers to and from Brisbane. <br> <br>The property consists of a shopping centre with a total of 699 square meters in land size and a net <br>lettable area of approximately of 226 square meters, divided into four fully leased tenancies. These <br>long-term tenants include a Hair Salon, General Store (Storage), Health Specialist (Ear Doctor) and <br>Pest Control. Apart from the storage area, the balance of the property is air-conditioned. <br> <br>In addition, the shops all have easy access to the front paved carpark, high exposure to street and <br>passing traffic with excellent signage opportunities. The adjoining 117 Bedford Road has a separate <br>title and will suit future development and a substantial expansion of the building. Currently, it is used <br>as car parking with an area of 726 square meters. <br> <br>Investing in this great opportunity to buy this retail asset in the region of Mackay. Provides a very <br>healthy cash return in the Queensland market equating in $64,333 in net income per annum and CPI <br>annual reviews. The combination of strategic location, long term tenancies as well as development <br>opportunities makes this property a highly attractive investment opportunity.
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Mackay is a fast-growing city in north Queensland of some 125,000 residents, providing extensive <br>services for the surrounding mining, tourism and agricultural industries. Whilst a substantial source of <br>workers for these industries, Mackay’s modern airport acts also as a major transit hub for FIFO <br>workers to and from Brisbane. <br>Mackay is a regional coastal city located in Central Queensland, and approximately 950 kilometres to <br>the north of the state capital, Brisbane. The Mackay Region is home to the Paget Industrial Estate, <br>which provides essential support to the coal and sugar industry sectors. The region is a powerhouse in <br>the Australian economy. Major industry in the region includes mining, sugar cane growing and <br>milling, cattle grazing and tourism. At the 2016, Census, the top industry for employment in the <br>region is Mining, equating to 12.4% of the employed workforce. The Mackay‐Isaac‐Whitsunday <br>Region is home to 34 operating coal mines. It is also home to the Port of Hay Point, featuring two <br>separate coal export terminals; Dalrymple Bay Coal Terminal and the Hay Point Coal Terminal, with <br>combined exports of approximately 115 million tonnes per annum. There is currently almost $1 <br>Billion in projects underway in the Mackay Region. The Mackay Ring Road is an example of this and <br>is a significant investment and a crucial piece of infrastructure in the region that will improve <br>connection to the Bowen Basin mining region. The recent announcement of the Waterfront Priority <br>Development Area is a game changer for the future of Mackay and is a visionary development that <br>will highlight the natural beauty that the region boasts. It will fuel investment in the region and be a <br>significant drawcard to attract increased population to the region.
Additional Location Information FileAndergrove Store: - <br>KirLee Hair Haven: <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.facebook.com/hairbykirlee/"><u>https://www.facebook.com/hairbykirlee/</u></a> <br>Mackey Ears: <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://mackayears.net/"><u>https://mackayears.net</u></a> <br>All Things Pest Control Mackay: <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.atpest.com.au/"><u>https://www.atpest.com.au</u></a> <br>All Things Pest Control Mackey are a locally owned and operated pest control company servicing <br>Mackay and its surrounding areas. Including Sarina, Armstrong Beach, Eungella Dam, Finch Hatton, <br>Seaforth, Cape Hillsborough & Mackay Northern Beaches. Their pest control technicians have a <br>combined experience of over 30 years in the Mackay pest control industry as the leading termite & <br>pest control specialists.
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<b>Gross Regional Product (GRP):</b> Sydney's GRP is a measure of its economic output and is a significant contributor to Australia's overall GDP.<br><b>Employment Rate:</b> Sydney generally has a healthy employment rate, although this can vary across different sectors.<br><b>Inflation:</b> Like most major cities, Sydney experiences inflation, which can impact the cost of goods and services.
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111 Bedford Rd, Andergrove – 226sqm - $305/sqm (weighted average) 2 Ungerer St, North Mackay – 62sqm – $352/sqm 151 Victoria St, Mackay – 94sqm - $337/sqm 208 Victoria St, Mackay – 108sqm – $330/sqm 45 Victoria St, Mackay – 170sqm - $315/sqm 44 Gordon St, Mackay - 105m2 - $308/sqm 54 Victoria St, Mackay - 609m2 - $300/sqm
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Retail asset <br>∙Land Size 699sqm <br>∙226sqm Net Lettable Area <br>∙Fully leased <br>∙Multi tenanted <br>∙Diverse income stream <br>∙Net Rent $64,333 pa ($85,980pa Gross Lease) <br>∙Rent reviews are all CPI <br>∙Located in booming Mackay <br>∙Under pinned by long term tenants. <br>∙Well established location <br>∙High passing traffic <br>∙117 Bedford Road - Development opportunity (Land size: 726 square meters) <br>
