 Asset Class: | Retail |
 Price: | $ 3800000 |
 Net Yield: | 6.04 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
This exceptional investment opportunity offers a rare chance to acquire a thriving retail centre nestled in the heart of North Mackay's bustling commercial hub. Positioned along the major retail strip and adjacent to "The Avenue" Shopping Complex, the property enjoys prime visibility and accessibility. Furthermore, its strategic location places it within a convenient 10-minute drive to Mackay’s CBD and approximately 15 minutes from Mackay’s Airport. <br> <br>Spanning a total land area of 1,988 square meters and a net lettable area of 764 square meters, the property is divided into six tenancies and offers access to 27 on-grade car parks at both the entrance and rear of the site. The centre’s tenants also include Subway, Gloria Jean’s Coffees, Gold Casket, Norris, Tender Cut Meats and Zen Wellness Massage. <br> <br>Additionally, the property enjoys excellent access to public transportation, with inbound and outbound bus stops conveniently located at its doorstep. Atop the building, significant solar panels have been installed, contributing to energy efficiencies and reducing operational costs. <br> <br>Constructed with modern masonry blockwork and metal deck sheet roofing, the building exemplifies the highest construction standards and has been progressively enhanced over its lifetime. The tastefully clad awning and frontage provide highly visible signage opportunities for all tenants, while modern or bespoke fit-outs cater to their specific needs. Ducted air-conditioning ensures comfort throughout the premises. <br> <br>Investing in this rare opportunity promises an annual net income of $249,717.36 with annual rental increases varying from CPI, 2% - 3% (Depending on the lease), ensuring continuous growth. Don't miss out on this chance to secure a lucrative investment in one of Mackay’s premier retail destinations.
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Located midway along Queensland’s coastline, Mackay is a thriving regional centre home to 117,902 residents and is the populous centre of the Greater Whitsunday Region. A short 30 minute flight from Brisbane, Mackay boasts a diverse economy supported by its globally recognized resource and engineering sector, agribusiness and growth in construction, logistics, education and tourism. <br><br>Mackay’s recent growth and investment has left the region with a depth of infrastructure and assets which will continue to support the growing economy. With more than $1 Billion worth of projects currently approved or underway, the Mackay region is positioned to further grow its $17.16 Billion annual economic output and capitalise on its status as a new- age regional city. <br><br>The Greater Whitsunday region is one of the most naturally beautiful and resource-rich locations in the World. From the largest coal mining deposits in Australia, the Bowen and Galilee basins, to the iconic Great Barrier Reef and Whitsunday Islands, the region is an economic powerhouse that is key to Queensland’s economy. As at June 2021, the region boasted the second lowest unemployment rate for the State at 4.3% while also recording a 73.3% participation rate, second only to Brisbane’s inner city.
Additional Location Information File<p style=" padding-left:0px;"><u>Subway:</u><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span><a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://www.subway.com/en-au"><u>https://www.subway.com/en-au</u></a><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p>North Mackay Subway is one of the chain’s maiden locations in Mackay and have been in operation for over 15 years. Subway started 50 years ago and has grown to be the world’s largest sandwich chain with more than 44,000 locations <br><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><u>Gloria Jean’s Coffees:</u><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span><a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://www.gloriajeanscoffees.com.au/"><u>https://www.gloriajeanscoffees.com.au</u></a><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p>Gloria Jean’s North Mackay have been operating out of their Evans Avenue location for over 6 years and is consistently one café chain’s highest rated and thus best performing stores<br> <br>in the city. Gloria Jean’s is a globally recognised coffee and café brand, serving more than 90,000 coffees a day in over 50 countries. Since opening their first Australian store in 1996, the company has expanded to over 200 locations across the country. <br><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><u>Gold Casket:</u><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> <a target="_blank" href="https://www.thelott.com/goldencasket">https://www.thelott.com/goldencasket</a> </span></p><p style=" padding-left:0px;"><span style="color:rgb(68, 114, 196);padding-left:0px;"> </span></p>North Mackay News is a Golden Casket affiliated newsagency and have been an integral part of the community for over 15 years. Long established in North Mackay, the store is open 7 days a week and has evolved to supply “back2school” materials to all Mackay and surrounding regional schools. Additionally, North Mackay News is the major newspaper supplier for the surrounding retailers. <br><p style=" padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><u>Norris:</u><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span><a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://www.mynorris.com.au/"><u>https://www.mynorris.com.au</u></a><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><span style="color:rgb(68, 114, 196);padding-left:0px;"> </span></p>Norris Hair have been operating from their exclusive Mackay location since 2015, working closely with local salon operators and the public to provide the best and latest products at the lowest prices. Norris is Australia’s largest hair and beauty wholesaler operating from 30 locations across the country. They have been supporting Australian hair, barber, beauty & nail professionals for more than 80 years, supplying a diverse range of products to the nation. <br><p style=" padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><u>Tender Cut Meats:</u> - <br><p style=" padding-left:0px;"><span style="color:rgb(68, 114, 196);padding-left:0px;"> </span></p><p style=" padding-left:0px;">Tender Cut Meats is a fourth generation butcher, family owned and operated by the Den Elzan family, from the same premises for the past 29 years. As a trusted and independent local butcher, they are committed to providing the best quality product and superior, friendly service to their wide customer base.<span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><u>Zen Wellness Massage:</u><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span><a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://zenwellnessmassage.com.au/"><u>https://zenwellnessmassage.com.au</u></a><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p>Zen Wellness Massage is a traditional therapist offering a range of traditional and natural remedies.
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North Mackay News – 187 sqm - $277.19/sqm Norris Hair – 189 sqm - $240.27/sqm Gloria Jeans – 67 sqm - $737.33/sqm Subway North Mackay – 114 sqm - $537.98/sqm Zen Wellness Massage – 59 sqm - $$410/sqm Tender Cut Meats – 148 sqm - $320.05/sqm
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<p style=" padding-left:0px;margin-inline-start:0px;"><span style="color:rgb(68, 114, 196);padding-left:0px;margin-inline-start:0px;"> </span></p><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;">Strong performing fast food and retail 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;">Net Lettable Area – 764 square meters </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;">Six tenancies – </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;">Subway - Longstanding tenant of 15+ years. Renewed 7-year lease to 2028 + options - World’s largest sandwich chain across 44,000+ locations </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;">Gloria Jean’s - Longstanding tenant of 6+ years. Renewed & extended 8-year lease to 2029 + options - Globally recognised café chain in 50+ countries, operating 200+ stores in Australia </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;">Tender Cut Meats - Fourth generation family butcher in the premises for 29+ years. </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;">North Mackay News - Longstanding tenant of 15+ years. </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;">Norris Hair - Longstanding tenant of 15+ years </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(33, 33, 33);font-weight:normal;font-style:normal;">Zen Wellness Massage - Operating on site for 3 years</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;">27 car parks </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;">Solar panels </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;">Air conditioning </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;">Net income - $249,717.36 </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;">Annual increases – Varying from CPI, 2% - 3% (Depending on the lease) </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;">5 Net leases (excluding tax) </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;">Highly exposed 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;">Dual-street access </span></p></li></ul>
