ONLY $1 429 000 POSITIONED ON GREGORY HIGHWAY ACROSS FROM MAYFAIR TAVERN AND POSITIONED BETWEEN TWO SCHOOLS
DIVERSE MIX OF TENANTS
APPROX 50 CARPARKS
HIGH PROFILE AND WELL UNDER REPLACEMENT COSTS THIS RETAIL /SERVICES SHOPPING CENTRE SITS IN THE MIDDLE OF A HIGHLY POPULATED RESIDENTIAL SUB-DIVISIONS.
MAYFIR RIDGE, THE VINES , MARANDA HEIGHTS, GREGORY HEIGHTS , EDGEWOOD ESTATE ETC ETC
3.5 KM EMERALD POST OFFICE
2 KM BIG W SHOPPING CENTRE
1.4 KM EMERALD AIRPORT
1 KM HARVEY NORMAN
MAYFAIR RIDGE SHOPPING CENTRE OFFERS CONVENIENCE FOR THE LARGE POPULATION IN THE SURROUNDING SUBURBS .
RETAIL 1-AWARD WINNING BUTCHER “FAIR DINKUM GROCER” AND CONVENIENCE SUPERMARKET OFFERS AN AMAZING SELECTION OF GROCERIES AND FINE MEATS
RETAIL 2-BEAUTICIAN -SMS WELLNESS AND BEAUTY
RETAIL 3-FISH AND CHIPS “HOOKED FISH AND CHIPS”
RETAIL 4-REAL ESTATE-VISION GROUP
RETAIL 5 -VACANT
RETAIL 6 -HAIR SALON “REDHOT BLONDE”
Property Features:
Land Size: 4993m²
Total Lettable Area: 706.5m²
Current Net Rental Income: $104,844.48 per annum
Easement: Easement No. 709341979, 06/02/2006, burdening the land to Lot 1 on SP188190 (over Easement D on SP188190)
Location: Central, accessible, and well-positioned with strong tenant demand
Tenant Mix: A blend of essential services and retail businesses ensuring a stable and diversified income stream.
Tenanted Shops:
Shop 1 – Former Pharmacy
Status: Currently vacant.
This space offers a fantastic opportunity to secure a tenant for a high-traffic retail or commercial use.
Shop 2 –
Annual Rent: $12,548.88 + outgoings and GST
A long-standing tenant, ideal for continued tenancy or potential expansion.
Shop 3 –
Annual Rent: $12,084.00 + outgoings and GST
This popular eatery enjoys strong local trade and is in the process of securing a longer-term lease.
Shop 4 –
Lease: Currently in its second and final option period, expiring March 31, 2027.
Annual Rent: $9,546.12 + outgoings and GST
A successful, established business with a long-term lease in place.
Shop 5 –
Lease: First option period of 4 years, expiring June 30, 2027 (1 x 4-year option left).
Annual Rent: $57,803.00 + outgoings and GST
A vital local business offering steady income with long-term stability, ensuring security for years to come.
Shop 6 –
Lease: 3 x 1-year lease in place, currently in its first option period, expiring April 30, 2025 (1 x 1-year option remaining).
Annual Rent: $12,420.00 + outgoings and GST
A thriving beauty business with a loyal customer base and solid future prospects.
Investment Highlights:
Strong Income Stream: With all but one shop tenanted, the centre provides a secure, diverse income stream across multiple industries including retail, health & beauty, convenience, and food services.
Future Potential: The vacant shop (former pharmacy) provides an immediate opportunity to lease or reposition the space, enhancing future income and value.
Long-Term Tenancy Security: The majority of tenants are on long-term leases or option periods, ensuring stability and reducing vacancy risk.
Location: Positioned within a sought-after retail hub, Mayfair Shopping Centre is easily accessible and well-serviced, attracting both regular foot traffic and a steady stream of loyal customers.
Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this advertisement
