FOR SALE
$10,000,000

129-139 Shakespeare Street
Mackay QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2252m2
Land area: 2252m2
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Multi-Tenanted Investment Opportunity with National Tenants in Mackay

Emily Pendleton and Christine Freney from Ray White Commercial Northern Corridor Group are excited to present 129-139 Shakespeare Street, Mackay, to the market. This prime multi-tenanted investment is located in the vibrant heart of Mackay, a region poised for continued growth.
The property consists of 14 tenancies, generating a strong gross income of $1,157,916.48 per annum, offering a solid opportunity for investors. Positioned in the Mackay CBD, it is surrounded by multi-national tenants and key business hubs, providing excellent exposure and connectivity. Additionally, there is significant value-add potential, with current rents below market rates and opportunities to increase returns.
Highlights of this property include:
• Internal floor area of 2,252m²*
• Land area of 4,512m²*
• Gross income of $1,157,916.48 per annum
• Located in Mackay CBD, surrounded by multi-national tenants and business hubs
• Huge value-add potential with low current rents and opportunity for rental growth
• Excellent street exposure with a well-positioned complex and ample onsite car parking
• Prime Mackay location with strong future capital growth potential
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Property Details for 129-139 Shakespeare St, Mackay

Building Type
Commercial
Floor Size
2252m2
Land Size
2252m2

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About Mackay 4740

The size of Mackay is approximately 4.4 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Mackay in 2011 was 4,070 people. By 2016 the population was 3,642 showing a population decline of 10.5% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mackay work in a professional occupation. In 2011, 31.8% of the homes in Mackay were owner-occupied compared with 31.8% in 2016.

Mackay has 3,462 properties. Over the last 5 years, Houses in Mackay have seen a 50.70% increase in median value, while Units have seen a 122.22% increase. As at 30 September 2024:

  • The median value for Houses in Mackay is $411,348 while the median value for Units is $358,135.
  • Houses have a median rent of $480 while Units have a median rent of $450.
There are currently 74 properties listed for sale, and 19 properties listed for rent in Mackay on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in Mackay.

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Emily Pendleton
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RWC Northern Corridor Group - Sunshine Coast Location
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