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Burgess Rawson - Brisbane

42 Wood Street Mackay, QLD 4740

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42 Wood Street,
Mackay, QLD 4740

Shops & Retail • Offices • Other

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Burgess Rawson - Brisbane
Tom Lawrence
Andrew Havig

Burgess Rawson - Brisbane

Level 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
Burgess Rawson - Brisbane
42 Wood Street
Mackay, QLD 4740

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Prime CBD Corner Freehold | Anchored by Top 5 ASX Giant

  • Expansive 1,079sqm* NLA
  • Impressive two storey CBD freehold
  • Desirable ‘Principal Centre’ zoning
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.

Property ID: 504580152Last Updated: 19 Dec 2024

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Burgess Rawson - Brisbane
Level 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
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Ground Floor, 61-73 Sturt Street
TOWNSVILLE CITY, QLD 4810

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