Stonebridge is pleased to present 'IGA North Mackay' for sale via Immediate Offers to Purchase.
The asset boasts the following key investment features:
- High yielding opportunity - 100% leased and anchored by IGA & Glencore, longstanding tenants in occupation since 2011
- Secure income and rental growth profile – Net Leases providing a mix of 3%, 4% & CPI annual rent increases
- Large 6,071 sqm* District Centre zoned site improved by three modern buildings and 85 car parks
- Boasting an ideal mix of long-term tenants comprising retail, fast food, mining, medical and allied health sectors
- Modern asset available significantly below today’s replacement costs
- Convenient location 1.5 km* from Mackay's CBD with inbound & outbound bus stops on the centre’s doorstep
- Prominent position along Evans Avenue, directly adjoining to the CBD via Sydney Street, carrying 26,900+ daily vehicles*
- Mackay - Thriving regional centre possessing a diverse $22.3 Billion* economy and home to 125,000+ residents, forecast to grow 28% by 2041*
- Net Income $1,068,681 pa* (+ GST) as at 1 September 2024
'IGA North Mackay' is for sale via Immediate Offers to Purchase.
*Approximately
Property Code: 1016