80 Victoria Street, Mackay QLD 4740

Offers over $1,900,000 considered

CBD PRIME FREEHOLD

80 VICTORIA to SYDNEY STREETS

LOCATION
Why this location - it's imperative to excite the commercial freehold investor as it has 2 frontages to 2 of the busiest roads of the CBD for vehicle and pedestrian traffic. The frontage for Sydney Street is 13.4 metres, and the frontage on Victoria Street is 24.7 metres.
It is in a prime precinct location near solicitors, hospitality, pubs restaurants, courthouse, police station, and other high traffic areas of professional offices.

THE BUILDING
The ground floor tenancies of approx 800m2 are currently showing approximately 8 shops that this could change with many different configurations.
The upper level approx 874m2 consists of many offices, and could be let out in many different proportions as they have 4 entrances or with Mackay Regional Council approvals could be managed rooms for residential. (Approvals to be obtained if this thought was to be)
This Double Storey L Shaped. Airy and Tropical with the sky light palms of the Arcade for traffic through between the Streets.

CURRENT TENANCIES
These consist of 3 tenants, one of which is a men's grooming area onto Victoria Street,
Then there is the ladies, hairdressing and beauty salon fronting onto Sydney Street and a larger section in the elbow of the arcade rented to a counselling consulting business.

FUTURE TENANCIES
There is still 5 shops to be leased on the ground floor (with leasing and marketing just commenced)
On the upper level, there is a configuration of possibly out to 25 offices or 3 to 4 different segments that could be leased separately or as previously mentioned with council approval managed accommodation rooms. The offices can be leased in different segments ranging from 130sqm to 500sqm.

AGENTS COMMENTS
This is an incredible solid building in an absolute feature location, with potential to drive the value of the building to new levels of activity and attraction.
No doubt there is more to discuss regarding the future tenancies, and we would be happy to have a conversation with any prospective new owner

For enquiries and additional information, please contact Greg Chappell 0408 775 810

Property Details

• Type: Offices
• Building Area: 1,674 m² (approx)
• Land Area: 988 m² (approx)
• Tenancy: Vacant