 Asset Class: | Office |
 Price: | $ 1730000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Introducing a sensational high-yielding investment opportunity at 35-37 Milton Street Mackay QLD 4740. Underpinned by a 5-year triple net lease with 2 x 5-year options extending the lease to 2038. With an asking price of originally $1,855,000 (7%), this property offers impressive value, potential, highly exposed location and a sensational facility on 1,185 m2 of strategically positioned freehold land. <br><br>Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile operators such as <span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;">Coles, Jaycar Electronics, Nutrition Warehouse, Woolworths, Target, Big W, Chemist Warehouse.</span><br><br>Single-tenant investments positioned in high growth areas with long lease covenants via an established tenant are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity with 7%+ net return.<br>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Located midway along Queensland’s coastline, Mackay is a thriving regional centre home to 117,900+ residents and is the populous centre of the Greater Whitsunday Region. Only a 90 minute flight from Brisbane, Mackay boasts a diverse economy supported by its globally recognized resource and engineering sector & agribusiness and construction, logistics, education and tourism industries.<br><br>Mackay is one of the most naturally beautiful and resource rich locations in the world. The region contributes more than $46 billion* in economic output to the Australian economy, reinforcing its position as a regional economic powerhouse in Queensland.<br><br>Expanding employment, investment and development opportunities continue to fuel the region’s growth. Over $1 billion* worth of projects currently approved or underway positions the Mackay region to further grow its $17.16 billion annual economic output and capitalise on its status as a new age regional city. As of June 2021, the Mackay 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.<br><br>Of importance, significant upgrades to the Bruce Highway, including the $497.3 million Mackay Ring Road and $144.5 million Northern Access Upgrade are delivering crucial efficiencies to the region’s freight operators.
Additional Location Information File<span style="color:rgb(51, 51, 51);"><b>Marabisda Inc </b></span><br><span style="color:rgb(51, 51, 51);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://marabisda.org.au/"><u>Marabisda Inc | Supporting Aboriginal and Torres Strait Islanders</u></a><span style="font-weight:normal;"></span><br><br>
Initial Term:
Security:
Security Info:
<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-style:normal;"><b>Tenant's Trading Name: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Marabisda Inc </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-style:normal;"><b>Lease Commencement Date: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">11-09-2023</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-style:normal;"><b>Lease Expiry Date:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 10-09-2028</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-style:normal;"><b>Further Options:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 2 x 5 years (2038)</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-style:normal;"><b>NLA:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 505 m2 </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-style:normal;"><b>Net Income: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$129,792*</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-style:normal;"><b>Outgoings: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">100% of the outgoings including property management and land tax</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Annual Increases:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> CPI or 4% increases whichever is greater</span></p></li></ul>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $257 Per Sqm 12 Gregory Street Mackay QLD: $306 Per Sqm for 693 m2 of NLA 41 Gordon Street Mackay QLD 4740: $323 per Sqm
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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;">Triple Net 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;">Government backed tenancy </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;">Leased until 10th September 2028 with further 10 years in options to 2038</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;">Landlord friendly CPI or 4% annual increases whichever is greater </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);padding-left:0px;font-weight:normal;font-style:normal;">Strategic position nearby to complimentary retail, health, education and recreational amenity</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-style:normal;"><b>Surrounded by a myriad of national tenants such as; Coles, Jaycar Electronics, Nutrition Warehouse, Woolworths, Target, Big W, Chemist Warehouse etc</b></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;">Prime 1,185 m2* site close to CBD</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;">Total Net Lettable Area of 505 m2 </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;">Mackay Regional LGA: one of the fastest growing in Queensland, with a population of over 120,000</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;">Tenant responsible for outgoings, including management fee and land 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;">Easily managed single tenant investment</span></p></li></ul>
