Michael McCullagh - Ray White Commercial QLD

09/09/2024

Unfortunately due to technical difficulties created by Meta Business, I will have to move this page to McCullagh Property Group

05/09/2024

ICYMI: Recently transacted, 506 Maroochydore Rd, K***a Park (Sunshine Coast, QLD)

Purchased by a local private investor with an existing portfolio across the Sunshine Coast. They were attracted to the strong tenant covenant with future rent reversion and value add opportunities. A low site coverage of 35% as well as the high traffic exposure of the site also provided future development prospects.

Purchase Price: $3,525,000
Initial Yield: 5.51%

^What we liked:
• 4,000sqm* land area with major arterial traffic exposure
• 5 year lease term expiring 31/07/2025 (short term rent reversion opportunity)
• Below market rent
• 2 x 5 year options with market reviews
• Medium Impact Industry zoning
• Future development and expansion options (STCA) with only 35% site coverage

McCullagh Property Group specialise in the procurement and acquisition of commercial property assets. Get in touch to access SEQ’s best buying opportunities.

^Completed under RWC QLD

05/09/2024

RECENTLY TRANSACTED: 204 & 206 Brighton Tce, Brighton (Brisbane, QLD)

^Representing the purchaser who was a local developer seeking a small subdivision site in this off-market transaction.

Strategically located in one of Brisbane’s premier waterfront suburbs offering a quiet coastal lifestyle, and adjacent to the Brighton Hotel which is undergoing significant investment.

Purchase Price: $1,500,000

What we liked:
• 1,449m2* level site area
• Located 300 metres* from the Brighton foreshore
• 2-storey development potential STCA (potential bay views)
• Surrounded by numerous luxury residential properties
• Existing commercial shop and one bed post war dwelling
• Located within minutes to local schools, Shorncliffe Pier and the Sandgate town centre

McCullagh Property Group specialise in the procurement and acquisition of commercial property assets. Get in touch to access SEQ’s best buying opportunities.

^Completed under RWC QLD

03/09/2024

Over the last few months my golf handicap has been going in the wrong direction and I think my family have had enough of me, so it’s time to get back to work!

I am incredibly excited to launch the McCullagh Property Group specialising in the procurement and acquisition of commercial property assets.

The last 15 years has provided me with a diverse property background across all asset types and I look forward to using this experience to assist clients with their next purchase.

A huge thank you to my wife Alex McCullagh, our family, and everyone who has backed me in this new start-up venture. I am looking forward to what the future holds.

A Capability Statement is available upon request... but better yet, reach out and it would be great to catch up for a coffee.

02/07/2024

22/02/2024

“How’s the market?” Featured in today’s

23/11/2023

We’re on the hunt for an exceptional EA to join our team at
Link in bio for more details

17/11/2023

A few thoughts on the current market in today’s Prime Site.

17/10/2023

381 Ruthven Street commonly known as the Pigott’s Building has been SOLD!

Pigott’s Building is one of Toowoomba’s most iconic and major heritage buildings
and presents the new owner with an opportunity to enhance a significant heritage site
through adaptive re-use and development of the surplus land.
🧰 4,775sqm* site area
🏬 6,246sqm* GFA
📐 Principal Centre Zone
🏗️ 10 Storey maximum building height (STCA)
🛣️ Dual street access
💲Holding income - Wilson Parking

SOLD
Auction Held - Wednesday 4 October 2023
For more information on this transaction, please contact the marketing agents below

John Dwyer
Director - Sales
0439 034 010
[email protected]

Michael McCullagh
Managing Director & Partner
0403 426 474
[email protected]