 Asset Class: | Office |
 Price: | $ 4175000 |
 Net Yield: | 6.70 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Presenting a prime commercial investment opportunity in the heart of Mackay's legal and office CBD precinct. This substantial 1,038sqm NLA property offers a secure investment backed by established legal tenants including Legal Aid Queensland and Taylors Solicitors.</p><p>The property generates a strong total gross rental of $320,407 per annum plus outgoings and GST, with a net rental of $298,498 per annum. The asset features 16 valuable off-street car parks and comprises multiple tenancies across six lots, providing excellent income diversification.</p><p>Located in a prime business zoned area with excellent exposure and accessibility, this property represents a strategic investment in Mackay's professional services hub.</p>
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<p>Located in the <strong>heart of Mackay's CBD</strong>, this property sits within the established legal and professional services precinct. Mackay is a major regional center in Queensland, serving as a hub for the Bowen Basin mining region and agricultural industries.</p><p>The location offers excellent accessibility to the courthouse, government offices, and other professional services. The property benefits from its position in a <strong>high-traffic business district</strong> with strong surrounding commercial infrastructure.</p>
Additional Location Information File<p>The property features multiple professional tenants including:</p><ul><li><strong>Legal Aid Queensland:</strong> $133,332 pa + outgoings, lease until 2026 with 5-year option</li><li><strong>Taylors Solicitors:</strong> Multiple tenancies with new 3-year leases plus 2x3 year options</li><li><strong>Nobel Resources:</strong> $60,000 pa lease until 2024 with 2-year option</li></ul>
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<p><strong>Total Gross Rental:</strong> $320,407 per annum + outgoings + GST</p><p><strong>Total Net Rental:</strong> $298,498 per annum + outgoings + GST</p><p><strong>Statutory Land Value:</strong> $260,000 (June 2023)</p><p>The property presents strong financial fundamentals with established tenants and structured rental reviews.</p>
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<ul><li>Prime CBD location in Mackay's established legal precinct</li><li>Substantial 1,038sqm NLA across multiple tenancies</li><li>Strong tenant covenant with Legal Aid Queensland as anchor tenant</li><li>16 valuable off-street car parks</li><li>Current net income of $298,498 per annum</li><li>Multiple tenancies providing income diversification</li><li>Zoned Business or Principal Centre</li><li>Professional fit-out and well-maintained premises</li><li>Excellent exposure on Brisbane Street</li><li>Walking distance to courts and government offices</li></ul>
