QUANTACAST Episode 9 | September 2024

Join us for this episode of the Quantacast, where our team reflects on their recent visit to Mackay to explore an exciting new investment opportunity.

COO Tim MacKinley is joined by CEO Stacey Jones and Head of Property Investments Chris Carrigan as they explore the essential details of this investment opportunity. Situated in the heart of the Mackay CBD with frontage on Tennyson Street, the property is a modern office building constructed in 2008, offering 1,778 sqm of office space across two levels and three tenancies, along with 36 parking bays.

The building is fully occupied, with the State Government on Level 1 and Pentacon along with NYSE-listed Caterpillar Inc. on the ground floor. Recently, a $2 million upgrade was completed to enhance the building’s standard, ensuring it meets the specialised, long-term operational needs of the Mackay Child Safety Service Centre.

Tune in as Tim, Stacey, and Chris provide the metrics and details of this opportunity including a compelling 8.65% 5-year average distribution (8.25% year 1 – paid monthly).