FOR SALE
Offers over $1,000,000

340 Shakespeare Street
Mackay QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 634m2
Land area: 885m2
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FRINGE CITY 5 COMMERCIAL SHOPS

These five premises are on a high-profile intersection, prime location, with rear access and loading facility of the quieter side street.
Currently, there are two tenancies vacant, three tenancies with term leases, and once fully let will show an excellent return.
The opportunity right now is for an owner occupier over one or two of the premises with a reminder income being produced or if straight investment, the shops should be allowed 3 months to lease up.
The owners have been leaving the shops vacant, not knowing whether someone wants to owner business occupy or collect the rent return as an investor.
This property will show strong interest and move to a new owner fairly quickly.
OFFERS BY EXPRESSIONS OF INTEREST
For an inspection, contact Greg Chappell on 0408 775 810 today.

Property Details for 340 Shakespeare St, Mackay

Building Type
Commercial
Floor Size
634m2
Land Size
885m2

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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 3,460 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 73 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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Greg Chappell
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