The million dollar property to test Mackay's market

The "high profile architect designed CBD asset" on Victoria St has Suncorp, Maurice Blackburn Lawyers, SeaFM Radio and Northern Australia Primary Health Ltd as tenants.

Herron Todd White's Year In Review report stated the market was watching the property, which will provide an indication of the appetite of investors for large commercial assets in the area.

The building, at 123-129 Victoria St, is fully leased and has a net income of $605,052 pa according to the property listing by Burgess Rawson.

The auction will take place Tuesday at 9am in Sydney.

Burgess Rawson sales director Glenn Conridge said there had been a lot of interest from potential buyers of the building.

"A number of people are talking about the property and we have had some interest from Melbourne investors," he said.

"Because it has multi-tenancies a lot of the interested people prefer to deal with us after or before the auction.

"This is because they need to do more investigating work to get comfortable with it compared to single tenancy properties."

He said Burgess Rawson had had success in Mackay within the past nine months.

Topics:  auction mackay market money property realestate seafm suncorp victoria st

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Snitz sizzles to win qualifier with ease

IN FULL FLIGHT: Brisbane jockey Robbie Fradd streaks clear to win the $150,000 NRRA Country Championships qualifier on board Snitz, trained by Matt Dunn, at Clarence River Jockey Club.

SHORT priced favourite sends everybody home happy.

Ballina Players brings popular military drama to the stage

ON STAGE: John Rado as Colonel Nathan Jessep and Dylan Wheeler as Lt Daniel Kaffee in the Ballina Players production of A Few Good Men.

Tickets are on sale for their new production of A Few Good Men

Triumph of dreams ... it all started with one bike

A CLASSIC: Meerschaum Vale's Col McAndrew with his Triumph 1956 Speed Twin which he will show at the Northern Rivers Classic Motorcycle Club's Show and Shine at Alstonville Plaza on March 18.

Col has six classic bikes; 100 expected at show

Local Partners