 Asset Class: | Industrial |
 Price: | $ 585000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">Offered is a prime industrial strata investment in Mackay's thriving Paget industrial precinct, leased to an auto repair mechanic. Located within the sought-after Nexus Business Park, constructed in 2007, this property benefits from excellent connectivity to Mackay’s CBD, airport, and railway lines, enhancing its appeal to a range of tenants. Zoned low-impact industry, the property has a 220m2* NLA, comprising 170m2* in warehouse space and its residual being office space. The unit features a ground-floor reception, spacious upper-level offices, and essential amenities such as a handicapped-accessible toilet, shower, and lunchroom. It also comes with 2 exclusive parking bays and a hardstand area in front of a 5m clearance roller door. The property is leased to Diesel Electrics Australia. They are on a newly signed 2-year fully net lease to 2026. There are 3.5% fixed increases built into their lease, plus the tenant pays all outgoings including management fees and body corporate levies. This well-located and easy-to-manage industrial investment provides its incoming owner with a first-year net income of $44,000* pa, backed by a landlord-favoured lease term.</span>
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<p style="margin-inline-start:0cm;"><span style="color:rgb(0, 0, 0);">Mackay is an economic powerhouse and one of Queensland’s fastest growing coastal regions with a population of over 125,000 residents. </span><span style="color:rgb(13, 13, 13);">Its diversified economy is driven by globally recognized engineering sectors, resurging agribusiness, and significant growth in education, healthcare, logistics, tourism, and construction industries. Regarding business activity, Mackay saw an annual economic output of around $22.92* billion and contributed a Gross Regional Product (GRP) of $10.5 billion, contributing more per capita to the QLD Government than any other area in the state. Spearheading this performance, Mackay is home to over 10,000* registered businesses and supports 54,000* jobs with health care being the largest employment sector. The region is continuing to grow, driven by a strong economic base and investments into its emerging industries tourism and new technology.</span></p><br><p style=""><span style="color:rgb(68, 114, 196);"><b>Queensland Growth</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Queensland’s $500 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in a strong position to exceed growth expectations. In the 12 months leading up to April 2024, QLD has seen a 2.2% growth rate in its retail trade during, resulting in an increase of $137 million in trade turnover. QLD achieved the third-highest population growth rate of 2.6% during the 12 months leading up to June 2023. Regarding employment, for the year ending in April 2024, the QLD growth rate rose again by a further 3.96%, employing over 111,000 individuals.</span></p>
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<span style="color:rgb(0, 0, 0);">Tenant: Diesel Electrics Australia</span><br><span style="color:rgb(0, 0, 0);">Annual Rent: $44,000</span><br><span style="color:rgb(0, 0, 0);">Initial Term: 2 Years</span><br><span style="color:rgb(0, 0, 0);">Start: 7/10/2024</span><br><span style="color:rgb(0, 0, 0);">End: 7/10/2026</span><br><span style="color:rgb(0, 0, 0);">Options: 1-year</span><br><span style="color:rgb(0, 0, 0);">Annual increases: 3.5%</span><br><span style="color:rgb(0, 0, 0);">Security: Bank Guarantee of 3 months’ rent + GST ($15,687)</span><br><span style="color:rgb(0, 0, 0);">Outgoings: Tenant pays 100%, including MGMT and Body Corporate fees.</span>
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8/16 Transport Avenue, Paget - 220m2 - $200/m2 12/16 Transport Avenue, Paget - 123m2 - $272/m2 8 & 17/ 20 Caterpillar Drive, Paget – 582m2 - $176/m2 3/37 Connors Road, Paget – 515m2 - $170/m2
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<span style="color:rgb(0, 0, 0);">· Solid industrial investment in thriving Paget business park</span><br><span style="color:rgb(0, 0, 0);">· High yielding industrial investment</span><br><span style="color:rgb(0, 0, 0);">· Zoned: Low impact industry</span><br><span style="color:rgb(0, 0, 0);">· Net income: $44,000* pa</span><br><span style="color:rgb(0, 0, 0);">· NLA: 220m2*</span><br><span style="color:rgb(0, 0, 0);">· Parking: 2 allocated bays</span><br><span style="color:rgb(0, 0, 0);">· New 3-year lease to 2027, and 1-year option to 2028</span><br><span style="color:rgb(0, 0, 0);">· Assured growth: 3% fixed annual increases</span><br><span style="color:rgb(0, 0, 0);">· Fully net lease allowing hassle-free management</span><br><span style="color:rgb(0, 0, 0);">· Easy access to Bruce Highway and Mackay CBD</span><br><span style="color:rgb(0, 0, 0);">· Previous tenant: ETS Geotechnical</span>
