Prime CBD Corner Freehold | Anchored by Top 5 ASX Giant

Description

Burgess Rawson are pleased to offer to the market Westpac Mackay QLD, for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ Anchored by a five (5) year net lease to Westpac to August 2027 plus two (2) further three (3) year options to 2033
+ Westpac: top 5 ASX-listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $81.55 billion
+ Supported by a five year net lease to CBG Partners to June 2028 plus two (2) further (3) year options to 2034
+ CBG Partners: highly renowned accounting practice, established in the 1930’s with a long history of strong performance and experienced management group
+ 100% leased freehold investment, providing a secure 3.70 year WALE*
+ High exposure 665sqm* corner freehold in the heart of the Mackay CBD on the corner of Wood and Victoria Street
+ Prime position in the centre of the Mackay CBD and located 750 metres* from Caneland Central anchored by Myer, Target, Big W, Coles & Woolworths
+ Tenants responsible for 100% of outgoings as per the lease
+ Fixed 3% & the greater of 4% or CPI annual rent increases, providing strong rental growth
+ Highly desirable ‘Principal Centre’ zoning allowing for future development upside
+ 40,000 residents within a 5km radius*, further highlighting the strength of the trade catchment and tenant
+ Mackay: one of Queensland’s fastest growing coastal regions and home to over 177,000 residents
+ Net Income: $284,250 pa* + GST (as at June 2024)

For Sale via Private Treaty.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Enquire

Contact agents
Andrew Havig Partner
0478 010 990
Tom Lawrence Sales Executive
0428 626 117
Michael Hooper Sales Executive
0488 332 682
Enquiry Form

Mackay, QLD

42 Wood Street

For Sale by Expression of Interest

This property is part of Portfolio 168

Price: Contact Agent

View Portfolio
Contact agents
Enquire