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Sold on 13 Sep 2024 - Price Unavailable

48 Macalister Street
Mackay QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 171m2
Land area: 467m2
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Property Details for 48 Macalister St, Mackay

Building Type
Commercial
Floor Size
171m2
Land Size
467m2
Local Government
Mackay Regional
Lot/Plan
1/RP706890

Last Listing description (September 2024)

Due to a death in the family, this well maintained, fully leased investment property is now for sale and will be sold at public auction on Friday, 13th September, 2024 at 10.00 am.

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The property has three long standing tenants who have all signed 3 year lease terms.

The tenants include:

1. Perfect Pointe Dance Boutique
2. Bernina Sewing Centre Mackay
3. Barber Cuts Mackay
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Key Investment Attributes:

WALE: 2.91 years
Net Income: $26,715 ($39,440 gross)
GFA: 171 m2
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The owners have done an exceptional job getting the property ready for sale and will provide buyers with a comprehensive due diligence folder that contains:

• Pest and building report;
• Air-conditioning Maintenance Receipts;
• Details on the new roof / awning;
• Various certificates;
• Plans; and lastly;
• 3 Freshly Signed Leases
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A detailed information memorandum is available upon request as is access to the Due Diligence folder mentioned above.

Offers are invited pre-auction though they would need to be unconditional in nature.

Please contact Elliot and Stephen today for further information.

__________________________________________________________________________________________________

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Property History for 48 Macalister St, Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
13 Sep 2024
  • 13 Sep 2024
    Sold for $544,000
  • 02 Aug 2024
    Listed for Sale UNDER CONTRACT

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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 3,461 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 75 properties listed for sale, and 22 properties listed for rent in Mackay on OnTheHouse. According to CoreLogic's data, 244 properties were sold in the past 12 months in Mackay.

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Elliot Kidd
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Stephen Kidd
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Ray White Metro North
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