IGA North Mackay, 25 Evans Avenue,
North Mackay, QLD 4740
Shops & Retail • Medical & Consulting • Offices
Price information
Sale
Contact the Stonebridge Team
Key property information
Land area
Floor area
Car spaces
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$1,068,681
Number of Tenants
13 Tenants
Tenants / Type
Retail & Medical
Private inspections
to arrange a private inspection.
Map of IGA North Mackay, 25 Evans Avenue
Bus stops within 5 km of IGA North Mackay, 25 Evans Avenue, North Mackay, QLD 4740 Distance Evans Avenue Near Grendon Street 105 m Grendon Street Near Palmer St 172 m Evans Ave at Harbour Road 207 m Malcomson St at Harvey Street 481 m Grendon Street at King Street 524 m POWERED BY HERE ©
POWERED BY HERE ©
High Yielding 100% Leased IGA & Medical Based Retail Centre
- Large 6,071 sqm District Centre Site
- Longstanding, Strong Performing Tenants
- Strong Growth via 3%, 4% & CPI Increases
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
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
Property ID: 504652264Last Updated: 30 Aug 2024
IGA North Mackay, 25 Evans Avenue
North Mackay, QLD 4740
Stonebridge Property Group - BrisbaneLevel 29, 10 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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