48 Macalister StreetMackay QLD 4740
Property Details for 48 Macalister St, Mackay
Last Listing description (October 2024)
Due to a death in the family, this well maintained, fully leased investment property is now for sale and will be sold at public auction on Friday, 13th September, 2024 at 10.00 am.
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The property has three long standing tenants who have all signed 3 year lease terms.
The tenants include:
1. Perfect Pointe Dance Boutique
2. Bernina Sewing Centre Mackay
3. Barber Cuts Mackay
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Key Investment Attributes:
WALE: 2.91 years
Net Income: $26,715 ($39,440 gross)
GFA: 171 m2
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The owners have done an exceptional job getting the property ready for sale and will provide buyers with a comprehensive due diligence folder that contains:
Pest and building report;
Air-conditioning Maintenance Receipts;
Details on the new roof / awning;
Various certificates;
Plans; and lastly;
3 Freshly Signed Leases
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A detailed information memorandum is available upon request as is access to the Due Diligence folder mentioned above.
Offers are invited pre-auction though they would need to be unconditional in nature.
Please contact Elliot and Stephen today for further information.
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Property History for 48 Macalister St, Mackay, QLD 4740
- 13 Sep 2024Sold for $544,000
- 02 Aug 2024Listed for Sale UNDER CONTRACT
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About Mackay 4740
The size of Mackay is approximately 4.4 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Mackay in 2016 was 3659 people. By 2021 the population was 4026 showing a population growth of 10.0% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mackay work in a professional occupation.In 2021, 30.70% of the homes in Mackay were owner-occupied compared with 31.80% in 2016.
Mackay has 3,524 properties. Over the last 5 years, Houses in Mackay have seen a 92.41% increase in median value, while Units have seen a 77.74% increase. As at 31 March 2026:
- The median value for Houses in Mackay is $560,458 while the median value for Units is $436,922.
- Houses have a median rent of $500 while Units have a median rent of $480.
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