 Asset Class: | Industrial |
 Price: | $ 4200000 |
 Net Yield: | 7.02 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Knight Frank presents an exceptional investment opportunity in the tightly-held Paget Industrial Estate of Mackay. This newly constructed industrial facility offers 1,550 sqm of premium warehouse and office space on a substantial 3,199 sqm site.</p><p>The property features two strong performing tenants - V2R Projects and Airconditioning Direct Pty Ltd - providing a combined net income of $294,870 plus GST. Both tenants are on new 5-year leases with options to extend, demonstrating their long-term commitment to the location.</p><p>The building is finished to a high standard with modern office fitouts, ample parking, and multiple vehicle access points. Its strategic location in Mackay's premier industrial precinct, surrounded by major national and international companies, positions it perfectly for long-term growth and stability.</p>
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<p>Located in <strong>Central Queensland</strong>, Mackay is a thriving regional hub situated approximately 950 kilometers north of Brisbane. The property is positioned in the <strong>premium Paget Industrial Estate</strong>, renowned as a tightly-held 'go-to' location for industrial purposes.</p><p>The estate benefits from excellent connectivity, being just <strong>minutes from Mackay Airport and CBD</strong>. The immediate area is home to major industrial occupiers including Bunnings, Star Track, Toll, Centurion, Bidford, Ampol, Hastings Deering, JJ Richards & Sons and Bridgestone.</p>
Additional Location Information File<p><strong>V2R Projects</strong> - Established in 2014, they are a highly experienced design and construction management services provider operating throughout Queensland with offices in Capalaba, Mackay and Townsville.</p><p><strong>Airconditioning Direct Pty Ltd</strong> - A leading air conditioning wholesaler with over 20 years of operation across Queensland, NSW, NT and WA. They supply complete HVAC systems and maintain extensive product knowledge and brands.</p>
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<p>The property generates a <strong>total net income of $294,870 per annum plus GST</strong> from two quality tenants. V2R Projects contributes $148,770 p.a. while Airconditioning Direct Pty Ltd provides $146,100 p.a.</p><p>Both leases include <strong>fixed 3% annual increases</strong> and <strong>100% recoverable outgoings</strong>. The tenants are responsible for their share of operating expenses including council rates, insurance, repairs and maintenance.</p>
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<ul><li>Brand new construction completed in 2023</li><li>Premium industrial location in tightly-held Paget precinct</li><li>Two established tenants on new 5-year leases</li><li>Strong net income of $294,870 per annum + GST</li><li>High-grade warehouse and office improvements</li><li>Large 3,199 sqm site with excellent access</li><li>100% of outgoings recoverable from tenants</li><li>Multiple vehicle access points and ample parking</li><li>High depreciation benefits available</li><li>Positioned among major national and international companies</li></ul>
