16 & 18 Victoria Street, Mackay, QLD, 4740

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 $5,500,000 (8.3%).

|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 8.3% yield.

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

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