Under Instructions from National Retail Group, Knight Frank Mackay is pleased to offer for sale 66 Sydney Street, Mackay — a distinguished commercial investment underpinned by a secure tenancy, consistent income stream, and a newly completed building redevelopment.
Key Investment Highlights:
• Total Net Lettable Area of 392sqm* across a single level
• Securely leased with a net annual income of $46,800 + GST (substantially below current market rates, presenting a compelling opportunity for future rental uplift)
• Lease term expiring 28 February 2029, with no further options — an attractive proposition for prospective owner-occupiers or discerning investors seeking medium-term upside
• Comprehensive building redevelopment recently completed, providing significant depreciation benefits
• Tenanted by “Redimed,” a reputable national allied health provider with a strong operational track record
• High-quality capital expenditure and purpose-built medical fitout, ensuring long-term tenant satisfaction and retention
This asset exemplifies the prevailing “flight to quality” trend, having successfully attracted a national healthcare tenant and offering considerable future rental reversion potential.
Positioned within a prominent commercial precinct of Mackay’s CBD, properties of this nature, scale, and quality are seldom presented to market.
For further information or to arrange a confidential inspection, please contact Deniz Mete.
*Approximately.
Remember to mention you found this property on CommercialReady
Under Instructions from National Retail Group, Knight Frank Mackay is pleased to offer for sale 66 Sydney Street, Mackay — a distinguished commercial investment underpinned by a secure tenancy, consistent income stream, and a newly completed building redevelopment.
Key Investment Highlights:
• Total Net Lettable Area of 392sqm* across a single level
• Securely leased with a net annual income of $46,800 + GST (substantially below current market rates, presenting a compelling opportunity for future rental uplift)
• Lease term expiring 28 February 2029, with no further options — an attractive proposition for prospective owner-occupiers or discerning investors seeking medium-term upside
• Comprehensive building redevelopment recently completed, providing significant depreciation benefits
• Tenanted by “Redimed,” a reputable national allied health provider with a strong operational track record
• High-quality capital expenditure and purpose-built medical fitout, ensuring long-term tenant satisfaction and retention
This asset exemplifies the prevailing “flight to quality” trend, having successfully attracted a national healthcare tenant and offering considerable future rental reversion potential.
Positioned within a prominent commercial precinct of Mackay’s CBD, properties of this nature, scale, and quality are seldom presented to market.
For further information or to arrange a confidential inspection, please contact Deniz Mete.
*Approximately.
Remember to mention you found this property on CommercialReady
66 Sydney Street, Mackay, QLD, 4740
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