Explore Property Commercial are proud to present 31 Wood Street.
Available For Sale now is this prominent retail and commercial property, situated on bustling Wood Street, right in the heart of the main retail and dining precinct of the Mackay CBD.
This section of Wood Street has been designed by Council to accommodate restaurants, bars and cafes. This precinct also forms the main events zone for the Mackay CBD (hosting the Italian Street party and many other events).
The CBD surrounding the subject building was revitalised in 2015, with over $18M spent on improving streetscapes and facades.
This property comprises a strip of seven (7) retail stores/ offices, providing a total lettable area of 686 square metres. There are three (3) vacancies, which would be perfect for an owner-occupier to move into - or lease them out for a passive cashflow.
The building is situated on a 1,440 square metre site, which is located within the "Mackay Waterfront Priority Development Area". The Mackay Waterfront Priority Development Area (PDA) was declared on May 25, 2018 to kick start this visionary project that will unlock the true value of Queenslands Bluewater Edge and transform the city.
The investment offers a current net rental return of approximately $59,588 per annum, with potential to increase this through leasing the current vacant tenancies.
Get in touch with our office to take advantage of this rare opportunity now!
The Agent does not give any warranty as to errors or omissions, if any, in these particulars. The provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.