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SOLD - Mackay - High Yielding Opportunity - Brand New 10 Year Net Lease
8 Brickworks Court Mackay QLD 4740
Investments
Investment
Property No.
Key Property Highlights
| Building Area | 3592 sqm |
|---|---|
| Land Area | 9653 sqm |
| Parking | Onsite car parks |
| Listing Status | Sold |
Cushman & Wakefield is pleased to present to the market 8 Brickworks Court, Glenella (Mackay) for Sale via Offers to Purchase.
The property has the following key characteristics:
- Brand new 10 year net lease to 2031 + options to 2051
- Head Company Lease to Porters Mitre 10 - Dominant Queensland hardware & trade retailer established 1883
- Large 9,653 sqm land holding with low site coverage & expansion potential
- Modern industrial premises built in 2000 & 2006 boasting 3,592 sqm of lettable area
- Well configured site with generous concrete hardstand, truck access & flexibility of uses
- Strategic position close to Mackay CBD & expanding residential areas of North Mackay, Mount Pleasant, Beaconsfield & Andergrove
- Mackay - Central Queensland economic powerhouse servicing major mining, infrastructure & agribusiness projects
- Net lease - Tenant pays all outgoings incl. Land Tax
- Fixed 2% annual rent increases
- Net Income $350,000 pa + GST
For more information please contact the Exclusive Property Professionals at Cushman & Wakefield.