Burgess Rawson are pleased to offer to the market Westpac Mackay QLD, for sale via Private Treaty.
This opportunity has the following key investment highlights:
+ Anchored by a five (5) year net lease to Westpac to August 2027 plus two (2) further three (3) year options to 2033
+ Westpac: top 5 ASX-listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $81.55 billion
+ Supported by a five year net lease to CBG Partners to June 2028 plus two (2) further (3) year options to 2034
+ CBG Partners: highly renowned accounting practice, established in the 1930's with a long history of strong performance and experienced management group
+ 100% leased freehold investment, providing a secure 3.70 year WALE*
+ High exposure 665sqm* corner freehold in the heart of the Mackay CBD on the corner of Wood and Victoria Street
+ Prime position in the centre of the Mackay CBD and located 750 metres* from Caneland Central anchored by Myer, Target, Big W, Coles & Woolworths
+ Tenants responsible for 100% of outgoings as per the lease
+ Fixed 3% & the greater of 4% or CPI annual rent increases, providing strong rental growth
+ Highly desirable 'Principal Centre' zoning allowing for future development upside
+ 40,000 residents within a 5km radius*, further highlighting the strength of the trade catchment and tenant
+ Mackay: one of Queensland's fastest growing coastal regions and home to over 177,000 residents
+ Net Income: $284,250 pa* + GST (as at June 2024)
For Sale via Private Treaty.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
