166 Bedford Road
Andergrove, QLD 4740

Overview

Prime Regional Caltex with Diversified Income Stream

This commercial property located at 166 Bedford Road in Andergrove presents a prime investment opportunity within a well-established and expanding suburb approximately 5 kilometres from the Mackay CBD. The location benefits from excellent connectivity to major transport routes including Bedford Road and the Bruce Highway, facilitating convenient access for logistics, staff, and customers.

The property features a total building area of 255 square metres, comprising a 137 square metre convenience shop and a 118 square metre mechanical workshop. The site sits on a substantial land parcel of 2,250 square metres, offering ample space and dual crossovers for ease of vehicle movement. The property is positioned on a quality main road site, enhancing its visibility and accessibility.

Investment details include established tenants such as Caltex (Night Owl) and Mr Shiny Mechanic, providing a net return of $268,265 plus GST. The lease terms include a 15-year lease expiring on 23 March 2030 and a 10-year lease expiring on 31 October 2029, with a weighted average lease expiry (WALE) of 4 years, ensuring stable income for investors.

All measurements and details are approximate and should be independently verified. This property offers a strategic commercial investment with diversified income streams in a growing regional market.

Location