 Asset Class: | Industrial |
 Price: | $ 4200000 |
 Net Yield: | 7.02 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Knight Frank is proud to present this exceptional industrial investment opportunity in the tightly-held Paget Industrial Estate of Mackay. This newly constructed medium to heavy industrial warehouse complex offers 1,550 sqm of total GFA on a generous 3,199 sqm site.</p><p>The property features two quality tenants - V2R Projects and Airconditioning Direct Pty Ltd - providing a strong combined net income of $294,870 plus GST annually. Both tenants are secured on 5-year leases with fixed 3% annual increases, demonstrating excellent income security and growth potential.</p><p>The building was completed in 2023, featuring modern tilt panel construction with high-quality office fitouts, ample parking, and multiple vehicle access points. The property benefits from 'High Impact' Industrial zoning and is strategically located within Mackay's premier industrial precinct.</p>
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<p>Located in <strong>Central Queensland</strong>, approximately 950 kilometers north of Brisbane, Mackay is a thriving regional center with a robust industrial and mining services sector. The property is situated in the <strong>premium Paget Industrial Estate</strong>, just 6.5 kilometers south of the Mackay CBD.</p><p>The immediate area features high-profile industrial occupiers including Bunnings, Star Track, Toll, Centurion, Bidfoods, Ampol, and Hastings Deering. The location offers excellent connectivity being just minutes from <strong>Mackay Airport</strong> and the <strong>Bruce Highway</strong>.</p>
Additional Location Information File<p><strong>V2R Projects Pty Ltd</strong> - Established in 2014, they are specialists in delivering high-quality design, construction and project management services throughout Queensland. They occupy 761 sqm with a 5-year lease plus 2x5 year options.</p><p><strong>Airconditioning Direct Pty Ltd</strong> - A well-established air conditioning wholesaler with over 20 years of operation across Queensland, NSW, NT and WA. They occupy 789 sqm with a 5-year lease plus 1x5 year option.</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:</p><ul><li>V2R Projects: $148,770 p.a. net</li><li>Airconditioning Direct: $146,100 p.a. net</li></ul><p>Both leases include <strong>fixed 3% annual increases</strong> and <strong>100% outgoings recovery</strong>. Total estimated outgoings are $39,081 per annum.</p>
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<ul><li>Brand new 2023 construction with minimal maintenance requirements</li><li>Premium Paget Industrial Estate location surrounded by national tenants</li><li>Secure income stream with 5-year leases to established tenants</li><li>Fixed 3% annual rent increases providing guaranteed income growth</li><li>High-quality office fitouts and warehouse facilities</li><li>Strategic corner position with excellent exposure</li><li>18 car parking spaces plus 3 vehicle crossovers</li><li>100% of outgoings recovered from tenants</li><li>High Impact Industrial zoning allowing for multiple uses</li><li>Strong local economy with major infrastructure projects planned</li></ul>
