108 Units DA Approved Site Mackay
Description
Development Opportunity: 44–52 Victoria Street, Mackay QLD:
Prime CBD Location – DA Approved for 108 Apartments + Retail
An exceptional opportunity awaits in the heart of Mackay’s CBD. This DA-approved development site at 44–52 Victoria Street is poised to become a landmark mixed-use project, offering:
108 residential apartments across a 14-storey high-rise
Ground-floor retail spaces for shops and food & drink outlets
124 car parking spaces to accommodate residents and visitors
Strategic location within the Mackay Waterfront Priority Development Area (PDA)
Approved Material Change of Use by Mackay Regional Council
This project, known as Horizons Mackay, is currently in the pre-construction phase and presents a compelling opportunity for developers and investors seeking to capitalize on Mackay’s growth trajectory .
Why Invest in Mackay?
Mackay, a coastal city in Queensland, is experiencing significant growth driven by its robust mining and agricultural sectors. Key highlights include:
Strong Rental Yields: Units offer an average rental yield of 6.69%, with median rents around $450 per week .
Affordable Entry Point: Median unit prices are approximately $325,000, making it accessible for investors .
Rapid Growth: Units have seen a 12.07% annual capital growth, indicating a healthy and appreciating market .
Lifestyle Appeal: Proximity to the Great Barrier Reef, national parks, and a vibrant arts scene enhances its attractiveness to residents and tourists alike .
Flexible Purchase with Bartercard Credits
This property offers the unique advantage of accepting up to 40% of the purchase price in Bartercard Trade Dollars, providing flexibility for buyers. Bartercard facilitates cashless transactions, allowing members to:
Offset cash expenses by utilizing Trade Dollars for various business needs
Access a network of businesses and services within the Bartercard community
Reduce cash outlay on property investments, preserving liquidity
For more information, DA Conditions, Plans & Renders open below Dropbox: https://www.dropbox.com/scl/fo/u4eetjkihpg4eihdf7noh/ACfGuH2ufoKXpugR9-kj7c0?rlkey=r8dufnzu9zxzbyr3xqwxlww5s&st=ovaofdlv&dl=0
Don’t miss this opportunity to invest in a high-growth region with flexible purchasing options. For detailed information, site plans, and to discuss terms, please contact us.
Note: All information provided is subject to due diligence and verification. Prospective buyers should consult with legal and financial advisors before proceeding.