 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 quality tenants - ACD Trade, a well-established air conditioning wholesale business with over 20 years of operation, and V2R Projects, a specialized industrial construction firm. Both tenants are secured on new 5-year leases with fixed 3% annual increases, generating a combined net income of $294,870 per annum.</p><p>The building was completed in 2023 to high specifications with tilt panel construction, modern office fitouts, and excellent vehicle access. Located in Mackay's premier industrial precinct, the property benefits from proximity to major infrastructure and a strong local economy driven by mining services.</p>
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<p>Located in <strong>Central Queensland</strong>, Mackay is a major regional center situated approximately 950 kilometers north of Brisbane. The city serves as a key hub for the mining services industry and agricultural sector.</p><p>The property is positioned in the <strong>premier Paget Industrial Estate</strong>, approximately 6.5 kilometers south of the Mackay CBD. This tightly-held industrial precinct is home to major national and international companies including Bunnings Trade, Star Track, Toll, Centurion, Bidfoods, and Hastings Deering.</p><p>The location offers excellent connectivity being just minutes from <strong>Mackay Airport</strong> and major transport routes. The immediate area continues to see strong growth driven by resources sector activity in the Bowen Basin.</p>
Additional Location Information File<p><strong>V2R Projects Pty Ltd</strong> is a specialized industrial construction firm established in 2014. They provide high-quality design, construction and project management services throughout Queensland from offices in Cpalaba, Mackay and Townsville.</p><p><strong>Airconditioning Direct Pty Ltd (ACD Trade)</strong> has been operating for over 20 years with branches across Queensland, NSW, NT and WA. They are a leading wholesaler of air conditioning systems and components with strong industry relationships.</p>
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<p>The property generates a <strong>total net income of $294,870 per annum + GST</strong> from two quality tenants:</p><ul><li>V2R Projects Pty Ltd: $148,770 p.a. net</li><li>Airconditioning Direct Pty Ltd: $146,100 p.a. net</li></ul><p>Both leases include <strong>fixed 3% annual increases</strong> and <strong>100% recovery of outgoings</strong>. The estimated annual outgoings total $39,081 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 Estate</li><li>Strong net income of $294,870 per annum</li><li>Two established tenants on new 5-year leases</li><li>Fixed 3% annual rent increases</li><li>Large 3,199 sqm site with excellent exposure</li><li>Modern tilt panel construction with quality office fitouts</li><li>100% of outgoings recovered from tenants</li><li>Multiple vehicle access points and ample parking</li><li>Close proximity to Mackay Airport and CBD</li></ul>
