10 Year Lease to Westpac. Versatile Building. Outstanding Exposure.
28 Grandview Drive, MACKAY QLD
Description
– Secure 10 year lease to 2021 plus options to 2031
– Westpac Limited: 3rd largest ASX listed company with market cap of $95 billion (March 2016)
– Versatile 338 sqm building (26% site coverage) refurbished in 2011 by Westpac – estimated cost of circa $1.2 million
– Commanding 1,278 sqm site with exposure to high traffic Bruce Highway set amongst large format retail & neighbourhood shopping precinct with tenants including Centrelink/Medicare, Spotlight & Mount Pleasant Shopping Centre anchored by Coles, Woolworths & Target
– 9 car spaces on Title with additional 37 shared spaces
– Mackay: Coal and sugar cane capital of Australia, gateway to the Bowen Basin with trade catchment circa 150,000
– Annual fixed 3% increases
– Net Rent: $118,723 pa + GST
Auction 11am AEDT Tuesday 21 February 2017
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Property Details