![]() Asset Class: | Industrial |
![]() Price: | $ 1884000 |
![]() Net Yield: | 6.90 % |
![]() Net Yield - including solar strategy: | % |
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Off-market, a modern industrial property situated in Mackay’s Paget industrial precinct, leased to MINPROVISE, a 20-year multi-state operator providing specialist maintenance and engineering services to the mining, oil & gas and construction industries across Australia and internationally. The tenants selected this industrial facility for it’s Mackay location, direct vehicle access, gantry crane, 6m high roller door, high-bay internals and warehouse/officeconfiguration.<br><br>Situated in a complex of quality tenants including; Milek Engineering, Aero Glass & Aluminium, Crown Lifting Solutions and McLanhan Corporation. <br>This is a versatile industrial asset suitable for a range of commercial purposes, situated with a direct Harbour Road connection to Port of Mackay and a 3km radius from the Bruce Highway, Peak Downs Highway, Mackay Railway Station and Mackay Airport in a region providing essential support to Australia’s heavy industry, engineering, mining, equipment, technology, and service sectors
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Is this lease a leaseback arrangement?
<span style="color:rgb(51, 51, 51);">Paget is the largest industrial precinct of Mackay, servicing the Bowen Basin coal fields, thesugar cane industry, major ports and infrastructure of the wider Mackay-Whitsundays region.</span><br><span style="color:rgb(51, 51, 51);">The Mackay region’s employment, investment and development opportunities, buoyant economy and lifestyle attributes are just some of the many aspects that encourage people tolive, work and play in the Mackay region.</span><br><span style="color:rgb(51, 51, 51);">The region’s growth is fueled by strong activity in the resources sector, resurgence in agribusiness and growth in construction and logistics. </span><br><span style="color:rgb(51, 51, 51);">The Mackay region is the gateway to the rich deposits in the Bowen and Galilee Basins.</span><br><br><span style="color:rgb(51, 51, 51);"> It is one of the largest sugar-producing regions in Australia and hosts much of the engineering, manufacturing, and mining services industries supporting the wider Mackay-Isaac-Whitsunday economy. </span><br><span style="color:rgb(51, 51, 51);">The Mackay economy is diverse and is accelerating off the back of robust performance in the resources, agriculture and tourism sectors. </span><br><span style="color:rgb(51, 51, 51);">Mackay’s Gross Regional Product is currently estimated at $8.9 billion* per annum. Mackay represents 37.6% of the Mackay - Isaac - Whitsunday region’s Gross Regional Product of $23.813 billion* and 2.5% of</span><br><span style="color:rgb(51, 51, 51);">Queensland’s Gross State Product (GSP) of $360.9 billion*. </span><br><br><span style="color:rgb(51, 51, 51);">The economy of the Greater Whitsunday Region offers diverse investment opportunities with a track record as a region for growth and prosperity. </span><br><span style="color:rgb(51, 51, 51);">Mackay is the regional centre for the Bowen and Galilee Basin coal deposits and Mackay’s Dalrymple Bay Coal Terminal is the largest in Queensland by volume.</span><br><span style="color:rgb(51, 51, 51);">Mackay is also at the centre of the largest sugar-producing region in Australia, currently making up over one-third of Australia’s total sugar production.</span><br><span style="color:rgb(51, 51, 51);">Recently, German owned Nordzucker AD acquired a 70% interest in Mackay Sugar Limited, Australia’s second largest sugar milling company. </span><br><span style="color:rgb(51, 51, 51);">The Mackay economy currently supports 48,000* jobs in a number of key industries including construction, manufacturing, agriculture, education and health. </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.mackay.qld.gov.au/"><u>https://www.mackay.qld.gov.au/</u></a><span style="color:rgb(51, 51, 51);"></span>
Additional Location Information FileEvo Business Centre, 2014<br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.youtube.com/watch?v=4wBkpd6b5Ys"><u>https://www.youtube.com/watch?v=4wBkpd6b5Ys</u></a><br><br>Tenant Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.minprovise.com.au/"><u>https://www.minprovise.com.au/</u></a><span></span>
Initial Term:
Security:
Security Info:
Unit 1, 78-88 Maggiolo Dr, Paget, 565m2, $230/sqm (gantry crane included) Unit 4, 78-88 Maggiolo Dr, Paget, 799m2, $170/sqm, older lease T2, 157-159 Maggiolo Dr, Paget, 812m2, 5-year lease, $180/sqm 15 Central Park Dr, Paget, 612m2, 1-year lease, $200/sqm Waiting on more/recent rental compares from the agent >$200/sqm
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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• 7009m2 industrial site<br>• Well positioned complex of 5 strata units<br>• Modern presentation and street front exposure<br>• 565m2 versatile high bay industrial warehouse<br>• Concrete tilt panel, steel, metal roofing and cladding<br>• Established tenant operators with decades of operations<br>• Leased to 2028 plus option to 2031<br>• $130,000 net rental<br>• 3% or CPI annual increases (the greater of)<br>• Lessee responsible for 100% proportion of Outgoings<br>• Contracts subject to due diligence and finance being satisfied<br>• 6m roller door to the warehouse<br>• Additional roller door at the rear<br>• Gantry crane for heavy lifting<br>• 8.2m high bay internals<br>• Wide street frontage and crossovers<br>• Zoned High Impact Industry<br>• Staff kitchenette and amenities<br>• Parking with 3 dedicated spaces + shared<br>• Security with 3-month bank guarantee in place<br>• Inspections or video walk-through available upon request