FOR SALE
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Victoria Street
Mackay QLD 4740

Bedrooms: -
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Floor area: 511m2
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PRIDE OF VICTORIA ST - CORNER FREEHOLD

Welcome to 141-143 Victoria Street, Mackay, a premium commercial property that offers a unique and highly lucrative investment opportunity. Spread over 862 square metres, this remarkable asset comprises 10+ well-established shops and a net lettable area of 511m2.
Strategically located at one of Mackay's most frequented and iconic main street corners, this property guarantees high foot traffic and visibility. It's an excellent addition to any commercial portfolio. The premises are fully tenanted, predominantly by long-term tenants, ensuring a steady income stream for the discerning investor.
Here's your golden chance to penetrate the commercial property market and acquire a coveted asset with a diverse tenant mix. This investment guarantees attractive returns, with the potential for further uplift through rental adjustments.
Are you ready to see returns of 7%, 8% or even 9%? Don't miss this rare opportunity. Stake your claim on 141-143 Victoria Street and watch your investment flourish. This is more than just a property, it's a legacy.
Information Memorandum available on request.
Call Greg Chappell 0408 775 810 to arrange a private inspection.

Property Details for 141-143 Victoria St, Mackay

Building Type
Commercial
Floor Size
511m2

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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 3,463 properties. Over the last 5 years, Houses in Mackay have seen a 62.48% increase in median value, while Units have seen a 127.90% increase. As at 31 October 2024:

  • The median value for Houses in Mackay is $425,647 while the median value for Units is $378,175.
  • Houses have a median rent of $485 while Units have a median rent of $450.
There are currently 68 properties listed for sale, and 24 properties listed for rent in Mackay on OnTheHouse. According to CoreLogic's data, 252 properties were sold in the past 12 months in Mackay.

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Greg Chappell
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PRDnationwide - Mackay
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