Acting under instructions of The Mackay Printing and Publishing Company Pty Limited, a wholly owned subsidiary of APN News Media Limited we invite Expressions of Interest in purchase this property, 38-40 Wellington Street, through to Peel Street, Mackay.
Fundamental details of the property and this offering are:-
- land 4,576m zoned Mixed Use
- gross building area 4,741m
- vendor to lease back a net area of 2,953m at a commencing rental of $475,310 per annum plus pro rata share of property outgoings
- balance net area of 1,230m on upper level will be partly occupied by two tenants
(340m) and the balance currently occupied by the vendor (890m) will, upon
completion of ground floor refurbishment works, be vacated and made available to
the purchaser for refurbishment for investment purposes or for owner occupation.
The Daily Mercury, the regions principal local daily newspaper is a community icon, and this offering is an opportunity to acquire a substantial property holding in Mackays Central Business Area, underpinned by a long term lease to its publisher.