High Yielding Investment Opportunity in Mount Isa's CBD
Jays Real Estate proudly presents an outstanding investment opportunity with this government-standard commercial building, strategically located on a prominent 2,024m² block just on the edge of Mount Isa’s CBD.
This high-exposure site is currently leased to four (4) separate tenancies -including two key anchor tenants – Commonwealth Government Departments – ensuring a stable, diversified income stream for investors.
Generating an impressive net income of approximately $279,336.68 p.a. + GST, this asset is truly an investor’s dream.
42-44 Simpson Street, Mount Isa highlights:
+ High Yielding Investment Opportunity
+ Significant CBD Mixed Use Block of 2024m²
+ Three Buildings – Total 961m² of Lettable Area
+ Fully Tenanted to Multiple Essential Services Tenants
+ Four Tenants – Including Two Key Anchor Tenants of Commonwealth Government Departments
+ Purpose-Built Government Office Accommodations with Longstanding Reliable Commonwealth Government Tenants (Over 20 Years of Occupancy)
+ High Traffic Location in the Heart of a Major Regional Centre
+ Future Development Potential (STCA) – Opportunity to Subdivide or Construct Additional Government-Grade Office Space
+ Estimated Net Income of $279,336.68 plus GST. – giving an approx. 9.6% return
While the major government tenancy is currently on a shorter lease term, its continuous occupancy for over two decades (despite name changes) demonstrates strong long-term commitment. In addition, demand for high-quality office space in Mount Isa remains high, with minimal availability and limited new supply.
Contact the Jays Commercial Manager – Kerryn on 0498 187 908 for more information.
