10 Yr Lease to Westpac, Large Land, Outstanding Exposure


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).
Outstanding 338 sqm building on large land parcel (1,278 sqm approx.).
Building refurbished in 2011 by Westpac – estimated cost of circa $1.2 million.
High profile main road location with superb exposure to high traffic flows.
Bruce Highway set amongst large format retail & neighbourhood shopping precinct with tenants including 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 – trade catchment circa 150,000.
Annual fixed 3% increases.
Net Income: $118,723 pa + GST.

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Contact agents
Michael Gilbert
+61 0430024790
Enquiry Form

Mackay, QLD

28 Grandview Drive

  • Sold Price: Contact Agent
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