IGA North Mackay, 25 Evans Avenue, North Mackay, Qld 4740

Stonebridge is pleased to present 'IGA North Mackay' for sale via Expressions of Interest closing Thursday 5 September 2024 at 3pm (AEST)

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 expressions of interest closing Thursday 5 September 2024 at 3pm (AEST). Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 1016