Stonebridge Property Group is proud to present for sale the dominant shopping centre in Sarina (Mackay), QLD, Sarina Beach Road Shopping Centre.
The Centre is anchored by a SUPA IGA and Kmart K-Hub, the only discount department store in the Main Trade Area. The centre is supported by 15 complementary tenants including Australia Post, Liquor Stax, Auswide Bank, a medical centre, pharmacy, and pathology.
Key highlights of the opportunity include:
- Anchored by ASX-listed covenant, Metcash, Kmart K-Hub, supported by 15 shops
- Kmart K-Hub is the only discount department store in the Main Trade Area with 23.8% sales growth in 24 months
- 6,429 sqm GLAR provided across an expansive 2.14-hectare land holding
- 100% shops external facing towards convenient at-grade parking for 318 vehicles
- Future upside driven by potential for majors turnover rent and pad site development^
- Estimated net operating income $1.8m*, with 84% secured to national tenants
- Greater Mackay Region – thriving regional economy and gateway to the iconic Whitsunday Islands & Great Barrier Reef
Sarina Beach Road Shopping Centre is for Sale via Expressions of Interest.
To obtain further information or to arrange an inspection, please contact the Stonebridge team.
*Approx. as at 1-Sep-2023