 Asset Class: | Industrial |
 Price: | $ 4100000 |
 Net Yield: | 6.49 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p class="mb-4">Presenting an exceptional industrial investment opportunity in the heart of Queensland's mining capital. This passive investment with a solid 6.5% nett capitalisation rate is located at 21-25 Margaret Vella Drive, Paget, QLD.</p><p class="mb-4"><strong>Built in 2011</strong>, this modern industrial property presents in 'as new' condition and features a purpose-built design with maximum site coverage. The premises include a double storey office complex at the front and a fully equipped workshop adjoining, complete with a <strong>10T overhead crane</strong> for easy manoeuvring of larger equipment.</p><p class="mb-4">The property boasts established tenants who have been operating their business in the Mackay District for the past decade, building a strong reputation for knowledge and reliability. They've recently transitioned from being owner-occupiers to quality tenants under a secure 5-year lease that commenced on 2 September 2024, with an additional 5-year option.</p><p class="mb-4">With a site area of 2,260m² and a building area of 1,278m², this commercial/industrial zoned property delivers a nett investment return of $266,160 per annum (paid monthly plus GST). </p><p class="mb-4">Located centrally in Paget, Mackay's industrial hub, this investment represents an opportunity to secure a foothold in Queensland's economic powerhouse with a substantial income stream backed by quality tenants and a purpose-built facility.</p>
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<p>Located in <strong>Paget</strong>, the industrial heartland of Mackay, this property sits in the epicentre of Queensland's mining services sector. Paget is widely recognised as the <strong>heart of Mackay's Mining and Industrial Services</strong> area, providing critical support to the broader Bowen Basin mining region.</p><p>The strategic position offers excellent access to transport infrastructure, supporting businesses servicing the mining and industrial sectors. As part of Queensland's mining capital, this location benefits from the economic stability provided by the resources sector while being close to Mackay's commercial and residential areas.</p>
Additional Location Information File<p class="mb-4">Shepelec Contracting Services is a family-owned electrical and mechanical maintenance company with a proud history based in the Mackay region. With a team that boasts over 50 years of industry expertise, Shepelec can customise all maintenance and installation solutions to suit your business needs.</p><p class="mb-4">As a team, Shepelec are dedicated to providing quality workmanship on all projects by delivering a safe work environment and complete customer satisfaction – every time. Our team offers a diverse range of services to both the commercial and industrial divisions within the Mackay, Bowen Basin and Central Queensland regions.</p><p class="mb-4"></p><p class="mb-4"><strong>Shepelec Qualifications:</strong></p><ul class="bullet-list"><li><p class="mb-4">Trade qualified – electrical and mechanical</p></li><li><p class="mb-4">High Risk Licences – EWP, Forklift, Dogger and Rigger certifications</p></li><li><p class="mb-4">Safe Work at Height certifications</p></li><li><p class="mb-4">MSIC</p></li><li><p class="mb-4">Cable licence</p></li></ul><ul class="bullet-list"><li><p class="mb-4">Class 2 Security Licence</p></li><li><p class="mb-4">Fibre Optic Termination and Testing certified (Clipsal)</p></li><li><p class="mb-4">Structured Cabling Termination and Testing certified (Clipsal)</p></li><li><p class="mb-4">Low Voltage Rescue trained</p></li><li><p class="mb-4">First Aid trained</p></li></ul>
Initial Term:
Security:
Security Info:
<p class="mb-4">Key financial aspects include:</p><ul class="bullet-list"><li><p class="mb-4">Annual rental income of <strong>$266,160 PA</strong> (paid monthly plus GST)</p></li><li><p class="mb-4">Secure 5-year lease commencing 02.09.2024 to 01.09.2029</p></li><li><p class="mb-4">Option period of 5 years from 02.09.2029 to 01.09.2034</p></li><li><p class="mb-4"><strong>3% annual increase</strong> built into the lease terms</p></li><li><p class="mb-4">Market review date scheduled for 02.09.2029</p></li><li><p class="mb-4">All outgoings (100%) paid by tenant including council rates and insurance</p></li><li><p class="mb-4">3 months rental provided as security</p></li></ul><p class="mb-4"></p>
Additional Financial Information FileInitial Term:
Security:
Security Info:
<p class="mb-4">Subject Property: $208 Per Sqm</p><ul class="bullet-list"><li><p class="mb-4">3-5 Progress Drive, Paget, 1585m2, $207/sqm</p></li><li><p class="mb-4">1, 78-88 Maggiolo Drive, 565m2, $230/sqm (strata)</p></li><li><p class="mb-4">170-176 Maggiolo Dr, Paget, 1478m2, $184/sqm </p></li><li><p class="mb-4">8-14 Centurion Drive, Paget, 2082m2, $295/sqm</p></li><li><p class="mb-4">170-176 Maggiolo Drive, 1472m2, $185/sqm</p></li><li><p class="mb-4">15 Central Park Dr, Paget, 612m2, 1-year lease, $200/sqm </p></li><li><p class="mb-4">21-23 Michelmore, Paget (PBE Group), 1875m2, $202/sqm</p></li><li><p class="mb-4">40 Gateway, Paget (BIS Mackay), 2543m2, $225/sqm</p></li><li><p class="mb-4">520 Milton Street, Paget, 1564m2, $208/sqm</p></li><li><p class="mb-4">30 Civil Road, Garbutt, 1030m2, $197/sqm </p></li></ul>
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Settlement:
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<ul class="bullet-list"><li><p class="mb-4">Prime industrial investment with attractive 6.5% nett capitalisation rate</p></li><li><p class="mb-4">Modern 2011-built premises in 'as new' condition</p></li><li><p class="mb-4">Secure new 5-year lease with additional 5-year option</p></li><li><p class="mb-4">Established tenants with 10-year business history in the region</p></li><li><p class="mb-4">Purpose-built facility with double storey office and fully equipped workshop</p></li><li><p class="mb-4"><strong>10T overhead crane included in the facility</strong></p></li><li><p class="mb-4">Centrally located in Mackay's industrial heartland</p></li><li><p class="mb-4">Strong annual rental income of $266,160 PA plus GST</p></li><li><p class="mb-4">3-month rental security provided</p></li><li><p class="mb-4">3% annual increase built into lease terms</p></li><li><p class="mb-4">Market review scheduled for September 2029</p></li></ul>
