IGA North Mackay 25 Evans Avenue North Mackay QLD 4740

Stonebridge is pleased to present 'IGA North Mackay' for sale via Expressions of Interest closing Thursday 5 September 2024 at 3pm (AEST)

The asset boasts the following key investment features:

- High yielding opportunity - 100% leased and anchored by IGA & Glencore, longstanding tenants in occupation since 2011

- Secure income and rental growth profile Net Leases providing a mix of 3%, 4% & CPI annual rent increases

- Large 6,071 sqm* District Centre zoned site improved by three modern buildings and 85 car parks

- Boasting an ideal mix of long-term tenants comprising retail, fast food, mining, medical and allied health sectors

- Modern asset available significantly below today's replacement costs

- Convenient location 1.5 km* from Mackay's CBD with inbound & outbound bus stops on the centre's doorstep

- Prominent position along Evans Avenue, directly adjoining to the CBD via Sydney Street, carrying 26,900+ daily vehicles*

- Mackay - Thriving regional centre possessing a diverse $22.3 Billion* economy and home to 125,000+ residents, forecast to grow 28% by 2041*

- Net Income $1,068,681 pa* (+ GST) as at 1 September 2024

'IGA North Mackay' is for sale via expressions of interest closing Thursday 5 September 2024 at 3pm (AEST). Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 1016