PRIME DEVELOPMENT SITE - MIXED USE - Current Tenanted Investment
Blacks Real Estate are proud to present 106 Nebo Road and 332 Bridge Road, West Mackay.
The property currently consists of a Retail Shopping Centre with 8 tenants, in one of Mackay’s most prominent corner locations.
This 6,164m2 block is located directly on Nebo Road, one of the main arterial entrances into Mackay when travelling North or South along the Bruce Highway. The property is improved with 3 separate buildings with a total lettable area of 1,415m2 and also includes prime vacant block of land (approx. 1,000m2) with direct access to Bridge Road. The property has approx. 70 onsite car parks exclusive to this site.
The current owners had approval with the following Development Approval Summary:
– Multi Storey Residential (89 rooms)
– Catering
– Catering Shop (Liquor Barn)
Approval – Mackay Regional Council
– Development Approval was granted through a Decision Notice (application number DA-2015-158) issued 14 November 2016 valid for 4 years (applications currently in place for the extensions of these approvals)
The 2 commercial / retail buildings are fully leased with quality long term tenants and there is a vacant warehouse / shed at the rear of the property. Current income covers all outgoings and provides a net income to owners, while they are planning Development.
6 of the 8 tenants have the leases expiring in 2024, 2025 and 2026, providing secure leased tenanted income until the leases expire.
Tenants Include:
– Chick-a-dee
– The Florist Fourways
– 3 Cheese Pizza
– The Fourways Barber
– Universal Hair
– The Therapeutic Gypsy
– Mackay Sewing and Craft Centre
– B and M Personal Training
The property has 2 street access from Nebo Road and Bridge Road with Mackay CBD only 5 minutes away and 10 minutes to Mackay Airport. Surrounding businesses included West Mackay Post Office, Nicks IGA, QLD Xray and Mackay Base Hospital.
Don’t miss this exciting opportunity, to request an Information Memorandum, or any other information please call Ellen Everett on 0408 017 917 or email eeverett@blacksrealestate.com.au or Greg Lewis on 0418 776 855 or email glewis@blacksrealestate.com.au
***Disclaimer: The agent and seller do not give any warranty as to errors or omissions, if any, in these particulars. The provided information can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
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