Overview
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1513376
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For Sale
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1019 Square metres
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661 sqm
Description
AUCTION | HIGH YIELDING, MULTI-TENATED RETAIL INVESTMENT
Property Highlights
+ Anchor Tenant
Commonwealth Bank of Australia (ASX: CBA | Market Cap $288bn. Australia's most valuable company). The CBA have occupied the tenancy since 2013 and recently renewed for a further 3-year term. CBA's rent represents 51% of the building's net income
+ Tenant Mix
6 retail tenants providing income stability and risk mitigation
+ No Land Tax Payable, the land value is below the Queensland threshold
+ Best location in the Mount Isa CBD
High-profile corner site, adjacent to the iconic Isa Hotel and neighbouring the Ibis Styles Hotel, ensuring excellent visibility and foot traffic.
+ Selling well below replacement cost
Building Lettable Area: 661m2*
Land Area: 1,019m2*
NET INCOME: $176,616 pa* + GST
MUST BE SOLD AT OR BEFORE AUCTION
AUCTION ONLINE 11:30AM AEST 8 OCTOBER 2025
Contact exclusive agents now to:
+ Request the Information Memorandum
+ Register as a Bidder
+ Receive access details for the online Auction
Agents
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