Investment
Status
Full
Purchase
Price
$9.9M
Date of
Purchase
Jun '19
Apr '24 Net
Distribution
7.40%
About Diversified Investment Trust
The 12,910sqm site is improved with a modern freestanding cinema complex. The 2,688sqm complex provides six cinema screens, of which two are digital, and a total of 1,140 seats.
The cinema shares a large at grade bitumen customer car park of 236 spaces with the adjoining office complex, which is also owned by the Sentinel Diversified Investment Trust.
The property is fully leased to “Birch Carrol & Coyle”, a subsidiary of ASX listed “Event Hospitality and Entertainment Limited”, and has operated on site since 1999.
The property forms part of the Greenfields Retail and Commercial Precinct, approximately 3.5 km north west of the Mackay CBD, with good exposure to the Bruce Highway.
It is situated opposite the Mount Pleasant Shopping Centre and surrounded by key retailers including Amart Furniture, Autobarn, Pet Barn, and KFC.
The Sentinel Diversified Investment Trust is an open ended Pooled Trust comprising of The Hub, Wood Street, BCC Mackay, and Moranbah Fair.
Gallery
Location
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