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 &amp; 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.

<span style="color:rgb(0, 29, 53);"><b>Harbour Road Medical</b></span><br><br><span style="color:rgb(0, 29, 53);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.harbourroadmedical.com.au/"><u>Harbour Road Medical</u></a><span></span>

Seller provided information (Subject further due dilligence and valuation)<br><br>Rethink Investing has deducted further $10,648 as a buffer for property management and land tax from the presented net income. <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-style:normal;"><b>Property Management (4%):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $7,413</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>Land Tax (Company or Trustee):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $3,235</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>Total: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$10,648</span></p></li></ul><p style=""><b>Net Income: </b>$174,691.92</p><br><ul style='list-style-type:ulOutlineStar;list-style-image:url("data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width = %2213px%22 height = %2212px%22%3E%3Cpath d = %22M97.1,99.5l-3.4,1.9l0.6-4l-2.8-2.8l3.8-0.6l1.7-3.6l1.7,3.6l3.8,0.6l-2.8,2.8l0.6,4L97.1,99.5z%22 style=%22fill:none%3Btransform:translate(-91px,-90px)%3Bstroke:rgb(51%2C51%2C51)%3Bstroke-linecap:round%3Bstroke-linejoin:round%3B%22/%3E%3C/svg%3E");list-style-position:inside;padding-inline-start:20px;'><li style="color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Value-Add Potential: </b></span></p></li></ul><br><p style=""><span style="font-weight:normal;">There is an extra 176 m2 of net lettable area vacant in this building. If we can achieve the same Rent Per Sqm of $320 Per Sqm for the space that would increase the net income to $231,011.92, at $3 million purchase price that is a 7.7% net yield. </span></p>

Subject Property: $174,691.92 for 581 m2 of NLA: $300 Per Sqm 70 Livingstone Street Bowen QLD 4805: $85,000 for 181 m2 of NLA: $469 Per Sqm 2/1 Carlo Drive Cannonvale QLD 4802: $39,600 for 88 m2 of NLA: $450 Per Sqm

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