31 Wood Street
Mackay
Retail
SEVEN TENANCIES. ONE PRIME CBD INVESTMENT
Explore Commercial is proud to present 31 Wood Street, Mackay - a multi-tenanted retail investment on one title, in the heart of the Mackay CBD.
The property offers seven separate income streams across retail, hospitality and personal services, with the majority of tenancies secured on leases running to 2028 and beyond. That spread of tenants and expiry dates gives the investment a genuinely balanced income profile.
Property highlights:
• Seven tenancies across retail, hospitality and personal services, with no tenant contributing more than 18% of gross income;
• Land area of 1,440sqm* on one title;
• 694sqm* total lettable area, with individual tenancies ranging from approximately 80-134sqm*;
• Rare onsite car parking - approx 9 bays;
• Positioned on Wood Street, Mackay's main retail and dining precinct;
• Net income of $140,478 per annum*;
• WALE of 2.08 years* with 71.8% of income contracted beyond 2028;
• Located within the Mackay Waterfront PDA.
Established tenant profile:
• Shop 1 - Jeremiah Bullfrog: serving the Mackay community from the property for 55 years, an exceptional history of occupancy
• Shop 2 - Footprints Community: leased on a month to month basis
• Shop 3 - Rio Hospitality: leased until October 2030
• Shop 4 - The Bookish Burrow: leased until August 2028
• Shop 5 - The Just Saying Project: leased until August 2029
• Shop 6 - Beauty by Arnika: leased until July 2029
• Shop 7 - Forbidden Onyx: leased until December 2028
Prime CBD position:
31 Wood Street is positioned within Mackay's premier retail and dining precinct, surrounded by a strong mix of established national and local operators including Hogs Breath Cafe, TerryWhite Chemmart, The Coffee Club, F45 Training and Rydges Mackay Suites.
Beyond its established income profile, 31 Wood Street offers genuine long-term redevelopment optionality. The substantial 1,440sqm* CBD holding is currently improved with just 694sqm* of single-storey lettable area, representing less than 50% site coverage, while also providing nine on-site car parks. Positioned within the Mackay City Centre precinct of the Mackay Waterfront Priority Development Area, the property presents an opportunity for investors to secure established income today while retaining the flexibility to explore future redevelopment potential over the longer term, subject to the necessary approvals.
Seven income streams. CBD positioning. A tightly held investment opportunity.
Contact Explore Commercial today and request a detailed Information Memorandum.
*Approximate and subject to confirmation by survey.
The Agent does not give any warranty as to errors or omissions, if any, in these particulars. The provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
The property offers seven separate income streams across retail, hospitality and personal services, with the majority of tenancies secured on leases running to 2028 and beyond. That spread of tenants and expiry dates gives the investment a genuinely balanced income profile.
Property highlights:
• Seven tenancies across retail, hospitality and personal services, with no tenant contributing more than 18% of gross income;
• Land area of 1,440sqm* on one title;
• 694sqm* total lettable area, with individual tenancies ranging from approximately 80-134sqm*;
• Rare onsite car parking - approx 9 bays;
• Positioned on Wood Street, Mackay's main retail and dining precinct;
• Net income of $140,478 per annum*;
• WALE of 2.08 years* with 71.8% of income contracted beyond 2028;
• Located within the Mackay Waterfront PDA.
Established tenant profile:
• Shop 1 - Jeremiah Bullfrog: serving the Mackay community from the property for 55 years, an exceptional history of occupancy
• Shop 2 - Footprints Community: leased on a month to month basis
• Shop 3 - Rio Hospitality: leased until October 2030
• Shop 4 - The Bookish Burrow: leased until August 2028
• Shop 5 - The Just Saying Project: leased until August 2029
• Shop 6 - Beauty by Arnika: leased until July 2029
• Shop 7 - Forbidden Onyx: leased until December 2028
Prime CBD position:
31 Wood Street is positioned within Mackay's premier retail and dining precinct, surrounded by a strong mix of established national and local operators including Hogs Breath Cafe, TerryWhite Chemmart, The Coffee Club, F45 Training and Rydges Mackay Suites.
Beyond its established income profile, 31 Wood Street offers genuine long-term redevelopment optionality. The substantial 1,440sqm* CBD holding is currently improved with just 694sqm* of single-storey lettable area, representing less than 50% site coverage, while also providing nine on-site car parks. Positioned within the Mackay City Centre precinct of the Mackay Waterfront Priority Development Area, the property presents an opportunity for investors to secure established income today while retaining the flexibility to explore future redevelopment potential over the longer term, subject to the necessary approvals.
Seven income streams. CBD positioning. A tightly held investment opportunity.
Contact Explore Commercial today and request a detailed Information Memorandum.
*Approximate and subject to confirmation by survey.
The Agent does not give any warranty as to errors or omissions, if any, in these particulars. The provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
Sale
Contact our team for our Information Memorandum!
Commercial Categories
Retail
Offices
Other
Specifications
Land
1440 SQM
Building Area
694 SQM
