Mackay's Channel 7 Building Sold
Mackay's iconic Channel 7 building has been successfully sold in a historic deal, marking a significant milestone for the local property market. Blacks Real Estate and Colliers International, the driving forces behind the sale, are delighted to announce this exciting development that paves the way for future growth in Mackay's bustling CBD.
The negotiation of the sale was a result of the collaborative efforts of Peter Wheeler, Managing Director of Colliers International, and Greg Lewis, Director of Blacks Real Estate Mackay.
Nestled in the heart of Mackay's CBD, the Channel 7 building stands as a living testament to the city's vibrant history. Since its launch as MVQ6 on August 9, 1968, this architectural gem has witnessed numerous milestones and technological advancements. It holds the distinction of being the first to introduce a videotape machine and full-scale colour transmission, revolutionising the television industry's production and consumption practices.
However, the significance of the Channel 7 building goes far beyond its technical achievements. It serves as a poignant symbol of the community's deep connection and acts as a reminder of the region's rich television industry history. Its story stretches back even further to March 1960 when Mackay Television Development Pty Ltd was established, marking a pivotal moment in the local media landscape.
Mr Lewis confirmed the building had been sold to an out-of-town investor who already owned other property in Mackay prior to this sale.
“This sale demonstrates the confidence in Mackay from property owners who already own property here,” he said.
He confirmed the approximately 1400m2 building will be renovated for long-term leases.
“The lease areas can also be downsized to multiple smaller tenancy, with the luxury of a total of around 30 onsite car parks at the rear of the building and a two car or light truck secure loading dock.”
Comprising a two-level office building and a warehouse/garage, the Channel 7 building once served as the proud home of Channel 7. Its commercial designation as "CC2, City Mixed Use Precinct" under the Mackay Regional Council zoning plan further solidifies its importance within the local context.
The successful sale of this cherished property not only acknowledges its historical significance but also ushers in exciting possibilities for future development in the heart of Mackay. It is a momentous occasion where the preservation of local heritage converges with the ever-evolving landscape of real estate in the city. Its recent sale marks a significant chapter in its timeline, further highlighting its local importance and the immense potential it holds for future development.
For those interested in leasing this prestigious property, Blacks Commercial welcomes inquiries.
Mackay’s Channel 7 building on Victoria Street has been sold. Photo credit: Amanda Wright
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