Motivated Vendors – Investment Opportunity in Mackay CBD

FOR SALE – 37 Sydney Street, Mackay

Positioned within Mackay’s Waterfront Priority Development Area, 37 Sydney Street presents a strong commercial investment opportunity in a strategic CBD location.

The anchor tenant, ARN Mackay Radio Stations, is currently committing to a new 5-year lease, providing increased income security and strengthening the property’s investment profile.

Property Highlights:

Land Area: 1,416m²*

Total Lettable Area: 862m²*

Fully leased projected net rental income: $258,429 per annum*

Current net annual income: $128,458 per annum*

Anchor tenant committing to a new 5-year lease

Approximately 20 onsite car parks

Kitchen and toilet facilities

Wheelchair accessible

Onsite power generation plant

Exterior security lighting

Located within the Mackay Waterfront Priority Development Area

With an established anchor tenant, substantial landholding and further income potential as available space is leased, the property offers investors a combination of current income, improved lease security and future upside.

The property also benefits from its proximity to the Mackay CBD and Pioneer River, together with excellent onsite parking and accessibility.

The sellers are motivated and are inviting genuine offers from the market.

Contact Chris Bonanno at Gardian Commercial Real Estate for further information, financial details or to arrange an inspection.

*Approximately.

Disclaimer:
The information provided has been prepared from sources considered reliable; however, Gardian Commercial Real Estate and the sellers do not warrant its accuracy. Interested parties should undertake their own enquiries, investigations and due diligence before making any decision in relation to the property.