![]() Asset Class: | Medical |
![]() Price: | $ 6825000 |
![]() Net Yield: | 6.70 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
Presenting an exceptional opportunity to purchase a thriving medical centre, anchored by a GP, QML Pathology centre and a laser clinic.
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The property is located on the main arterial of Mackay (Nebo Road is an extension of the Bruce Highway) near the heart of the city.<br><br>Mackay is located approximately 970km north of Brisbane and 390km south of Townsville.<br><br>Mackay is a vibrant regional city renowned for its rich natural resources, diverse industries, and picturesque surroundings. The city has experienced significant growth and development over the years, fueled<br>largely by its thriving economy and strategic location. <br><br><b>Mackay's economy is deeply rooted in agriculture, mining, and tourism, which are the primary industries driving its growth and prosperity.</b><br> <br><b>Agricultural Industry</b><br><br>In the agricultural sector, Mackay is renowned for its sugar cane production, with vast plantations sprawling across the region. The sugar industry plays a pivotal role in the local economy, supporting thousands of jobs and contributing substantially to the region's exports.<br><br><br><b>Mining Industry</b><br><br>Mackay's mining sector is also a major contributor to its economy, with extensive coal reserves found in the surrounding regions. The city serves as a hub for mining operations, with numerous mining companies and<br>support services operating in the area. Coal mining, along with other mineral extraction activities, provides employment opportunities and generates significant revenue for the region. <br><br><br><b>Tourism Industry</b><br><br>Tourism is another key component of Mackay's economy, drawing visitors with its natural beauty, outdoor recreational activities, and cultural attractions.<br><br>The growth of Mackay's economy has led to significant infrastructure development, including modern transportation networks, educational institutions, healthcare facilities, and recreational amenities.<br>The city's infrastructure investments aim to support its growing population and enhance the quality of life for residents. <br><br><br>Mackay's strategic location, coupled with its diverse industries and natural attractions, positions it as a dynamic regional center with ample opportunities for business, investment, and lifestyle. As the city continues to evolve and expand, it remains a vibrant and welcoming community that celebrates its rich heritage while embracing the opportunities of the future.<br><br><br><b>Mackay population will reach 138,918 by the end of June 2024</b><br>. <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.population.net.au/mackay-population/"><u>https://www.population.net.au/mackay-population/</u></a><span></span>
Additional Location Information File<b>Mackay Family Medical Practice</b><br><br><span style="font-weight:normal;">A </span><span style="color:rgb(77, 78, 74);font-weight:normal;">family general practice, owned and operated by doctors offering a comprehensive range of medical services.</span><br><br><span style="color:rgb(77, 78, 74);">Mackay Family Medical Practice commenced in 2000 with three general practitioners. The practice has changed ownership and in 2015 was purchased by Health & Care Pty Ltd, with directors Dr Sushil Anand and Dr Gary Saini and Dr Masud Haque.</span><br><br><span style="color:rgb(77, 78, 74);">The practice has grown to employ twelve consulting GP’s, eight part-time practice nurses, a practice manager and ten reception staff. To accommodate current and future growth the clinic has recently undertaken renovations to increase the size of the practice. The reception area is spacious, bright and welcoming while new treatment and consultation rooms mean that we can assist more patients.</span><br><br><span style="color:rgb(77, 78, 74);">They recently exercised their 5 year option until 2030 plus 3 * 5 year options.</span><br><br><a style="color:rgb(77, 78, 74);display:inline;" target="_blank" href="https://mackayfamily.com.au/about-us/"><u>https://mackayfamily.com.au/about-us/</u></a><span style="color:rgb(77, 78, 74);"></span><br><br><br><span style="color:rgb(77, 78, 74);"><b>QML Pathology</b></span><br><br><span style="color:rgb(29, 29, 31);">QML Pathology is part of the Healius Pathology national network, which comprises many of Australia’s premier medical laboratories located throughout Australia. Approximately 500 locations across QLD.</span><br><br><span style="color:rgb(29, 29, 31);">Operating from 142 Nebo Road, Mackay property since 2010.</span><br><br><a style="color:rgb(29, 29, 31);display:inline;" target="_blank" href="https://www.qml.com.au/"><u>https://www.qml.com.au/</u></a><span style="color:rgb(29, 29, 31);"></span><br><br><br><b>Allure Laser & Skin Studio</b><br><br><span style="color:rgb(0, 0, 0);">Allure Laser and Skin Studio was established in 2008. Over the years, our independently and family-owned medical cosmetic clinic has significantly evolved, enabling us to cultivate an incredible reputation of being the most trusted and experienced medical cosmetic clinic in our region.</span><br><br><span style="color:rgb(0, 0, 0);">Services and products include laser treatment, skin treatment, facial aethestics, skin products, body sculpting, miradry treatment, tattoo removals and others.</span><br><br><a style="color:rgb(0, 0, 0);display:inline;" target="_blank" href="https://www.allureclinic.com.au/about-us/about-allure-clinic/"><u>https://www.allureclinic.com.au/about-us/about-allure-clinic/</u></a><span style="color:rgb(99, 99, 99);"></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Fourways Chiropractic Plus</b></span><br><br><span style="color:rgb(0, 0, 0);">At Fourways Chiropractic Plus we pride ourselves in delivering holistic, individualised, evidence-based, quality care to the highest possible level. We offer a range of different treatment modalities tailored to suit the individual and their situation for the best possible treatment outcome.</span><br><br><span style="color:rgb(0, 0, 0);">We work with people of all ages and stages of life and treat or help manage a broad range of health conditions from musculoskeletal conditions – spinal and extraspinal, injuries – sports or otherwise and other chronic health conditions where we may be able to assist in reducing the impact of ongoing symptoms.</span><br><br><span style="color:rgb(0, 0, 0);">Chiropractors spend five years at university and are experts in the structure and function of the human body. Chiropractors are trained to assess, diagnose and treat a wide range of spinal, extraspinal and musculoskeletal conditions.</span><br><br><a style="color:rgb(0, 0, 0);display:inline;" target="_blank" href="https://fourwayschiropractic.com/"><u>https://fourwayschiropractic.com/</u></a><span style="color:rgb(102, 102, 102);"></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Upper Limbs and Things</b></span><br><br><span style="color:rgb(0, 0, 0);">We offer a range of treatments for the hand and upper limbs, treatment for lymphoedema, vascular conditions, scars, burns and swelling.</span><br><br><a style="color:rgb(0, 0, 0);display:inline;" target="_blank" href="https://upperlimbs.com.au/what-we-do/"><u>https://upperlimbs.com.au/what-we-do/</u></a><span style="color:rgb(85, 85, 85);"></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>LBH Group (International Shipping Company)</b></span><br><br><span style="color:rgb(0, 0, 0);">The LBH Group was founded in April 1984 by Dutch brothers Jan and Bert Lagendijk in their home port Rotterdam. Now the company has approximately 100 offices across the globe.</span><br><br><span style="color:rgb(0, 0, 0);">The vendor of the property has advised: LBH Group (an international specialist shipping agent) have specialised equipment inside the premises and on the roof that allows them to communicate directly with ships coming into Hay Point/ Dalrymple Bay Coal Terminals and the Mackay port. Early conversations with head office indicates that they will stay at the premises.</span><br><br><a style="color:rgb(0, 0, 0);display:inline;" target="_blank" href="https://lbh-group.com/"><u>https://lbh-group.com/</u></a><span style="color:rgb(0, 0, 0);"></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Rental Guarantee</b></span><span style="color:rgb(0, 0, 0);"> - 12 months over vacant space of 155sqm (Area A) at $350/sqm gross per annum + GST (representing 9% of total gross rent).</span><br><br><p style=""><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;padding-left:0px;">The vendor of the property has advised: we have had consistent inquiry on the space over the past three years with a mix of professional, medical and retail prospects. We could have leased the space just after recently to a retail tenant but rejected the deal as being incompatible with the existing tenant base. Furthermore, we currently have interest from the Chiropractor (Fourways Chriopractic Plus-within the centre) for the space to be his rehab facility.</span></p>
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A key medical/allied health centre located on a high exposure corner, fronting the Bruce Highway (Nebo Road).<br><br>142 Nebo Road is conveniently located only 2.0 kilometres* west of the Mackay CBD and 1.3 kilometres* south of the Mackay Base Hospital.<br><br>The single level centre provides 7 suites, serviced by 31 convenient at grade car parks.<br><br>The strong tenant mix is anchored by the Mackay Family Medical Practice, Allure Laser & Skin Studio and QML Pathology.<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Real Property Description: Lot 1 on RP728756</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">GLA / Site Area: 1,474 sqm* / 2,679 sqm*</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Zoning District Centre</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Council Mackay Regional Council</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Car Parking 31 on grade bays</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Major Tenants</span></p></li><ul style="list-style-type:circle;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Mackay Family Medical Practice</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Allure Laser & Skin Studio</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">QML Pathology</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">LBH Group (international shipping company)</span></p></li></ul><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Estimated Net Income Fully Leased $457,070 per annum* (as at 1 February, 2025)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">WALE 2.55 years* (as at 1 February, 2025)</span></p></li></ul><br><b>Why we like this property:</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Medical tenant anchored</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Multi tenanted - diversity of income</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Corner location on busy road - huge exposure</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Opposite an IGA shopping centre</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Value add potential opportunities including adding a digital billboard sign and long term future development potential (STCA)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rents are considered low compared to market (e.g. $310/sqm net passing rent compared to other retail/medical rents in the area ranging between approximately $350/sqm to $750/sqm net, which would imply a core value of $8.25m if conservatively $350/sqm net rent is achieved and assuming 6.25% cap rate based on longer WALE on renewal - </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>implying a potential $1.425m core value uplift</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">^) in the short term.</span></p></li></ul><br><span style="color:rgb(51, 51, 51);">* Approximate.</span><br><span style="color:rgb(51, 51, 51);">^ Subject to market rents and cap rates and market valuation at the time</span><br><span style="color:rgb(51, 51, 51);">STCA - subject to council approval</span>