Watch Watch
Back
×
+11 Photos
16 & 18 Victoria Street, Mackay, QLD, 4740

2. Property Highlights

$6,000,000 (7.6%) | Metcash Anchored Investment (Leased for over 38 years)

RWC Retail are proud to present for sale 16-18 Victoria Street, Mackay - an ASX-anchored tenanted investment and prime development site in the heart of the Mackay CBD. For Sale at $6,000,000 (7.6%)

|What|

• Large-format 4,102sqm* Campbells Wholesale retail store supported by a 350sqm* C&C Panel & Paint auto body repair shop.

• Campells Wholesale tenancy provides highly desirable cold storage, refrigeration and bulky goods storage space in addition to a retail floorspace

• Campbells is a wholly owned subsidiary of Metcash (ASX:MTS), Australia's largest wholesaler with a $3.6bn market cap

• Unrivalled 5,174sqm* island site in the Mackay CBD with 4-street frontage totalling over 300m* and unimpeded riverfront views

• WALE of 2.33 Years (By Area)

• Fully Leased Net Income of $455,564 + GST p.a.

|Where|

• 90 minutes flight North of Brisbane and 60 minutes flight South of Townsville, the Mackay CBD is the heart of the continually growing Mackay-Whitsundays region

• Situated within the Mackay Waterfront PDA - which encourages development to revitalise and enhance the City Centre & Riverside

• This plan has already seen the delivery of the Mackay River Wharves, which includes communal pavilions, stages and activity areas - directly adjacent to this property

|Why|

• Campbells have anchored the property since 1985 (over 38 years)

• As Australia's largest wholesaler, the ASX-listed Metcash covenant is one of the most sought-after in Australian retail property

• 10-storey mixed-use development upside with performance-based development potential up to 49m* AHD

• An outstanding opportunity to acquire a landmark site with development upside anchored by a longstanding national tenant on a 7.60% yield.

• Future rental reversion upside with current gross rents of $115/sqm* for Campbells and $182/sqm* C&C Panel

Remember to mention you found this property on CommercialReady

Read More

4. Property Location

16 & 18 Victoria Street, Mackay, QLD, 4740

Property Map
Show properties in the area

5. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Enquire
calculator-icon Yield Calculator
calcultor-icon Yield Calculator