 Asset Class: | Industrial |
 Price: | $ 1640000 |
 Net Yield: | 7.43 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">On offer is a leased industrial strata investment in the award-winning Terminus Business Park, Paget—just 7 km from Mackay’s CBD and minutes from the Bruce Highway. Unit 18 offers 318m² NLA* and comes with 8 exclusive-use parking bays on title. It is tenanted by Integral Engineering, a multidisciplinary firm specialising in structural, civil, and geotechnical services. A long-standing tenant since Terminus’ development, Integral have progressively expanded and upgraded the space to meet their operational needs.</span><br><br><span style="color:rgb(0, 0, 0);">Integral Engineering currently pays $121,826 pa* in rent until 30 June, with a scheduled increase to $126,699 pa* from 1 July under a newly signed 3-year lease, extending through to 2028. The lease comes with an additional 3-year option and annual rent increases of the greater of CPI or 4% fixed. Their lease is fully net, with the tenant covering all outgoings, including BC, insurance, rates, land tax, and A/C costs. Additional security measures include a make-good clause, a 6-month bank guarantee plus director guarantees.</span><br><br><span style="color:rgb(0, 0, 0);">This is a strong investment opportunity, backed by a secure, long-term tenant in a prime industrial location.</span>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<p style="background-color:transparent;padding-left:0px;">Mackay is an economic powerhouse and one of Queensland’s fastest growing coastal regions with a population of over 125,000 residents. 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. </p><p style="background-color:transparent;padding-left:0px;"> </p><p style="background-color:transparent;padding-left:0px;"><span style="color:rgb(68, 114, 196);padding-left:0px;"><b>Terminus Business Park – Paget </b></span><span style="color:rgb(68, 114, 196);padding-left:0px;"> </span></p><p style="background-color:transparent;padding-left:0px;"><span style="color:windowtext;padding-left:0px;">The Paget industrial estate is the heart of Australia’s globally recognised resource and engineering hub and home to 500 registered businesses. Situated just 4km from the Mackay CBD and 2km from Mackay Airport, Paget offers direct connectivity to key transport nodes such as the Bruce Highway and Peak Downs Highway. Terminus is one of the top Business Parks in the region and won the 2010 Master Builders Commercial Construction Award for Excellence award. The site boasts a prime location within the Industroplex Industrial Estate and is situated adjacent to the new 8-hectare Hastings Deering CAT industrial centre, plus provides high visibility along the Bruce Highway. </span></p><p style="background-color:transparent;padding-left:0px;"><br></p><p style="background-color:transparent;padding-left:0px;"><span style="color:windowtext;padding-left:0px;"><b>Queensland Growth </b></span></p><p style="background-color:transparent;padding-left:0px;"><span style="color:windowtext;padding-left:0px;">Queensland’s $477 billion economy has thrived because of robust population growth, increased employment, and favorable business conditions over the past 2 decades, outperforming the national average. QLD has seen a 2.2% growth rate in the retail trade sector during the 12 months, leading up to November 2023. The state also recorded a 2.6% population increase as of June 2023, which was the third largest population growth recorded of any state or territory in Australia. Additionally, QLD experienced a 2.6% rise in employment positively impacting 78,000 individuals</span></p>
Additional Location Information File<p style="padding-left:0px;"><span style="color:rgb(36, 36, 36);padding-left:0px;"><b>Integral Engineering </b></span></p><br>Integral Engineering, a renowned multidisciplinary firm specializing in structural, civil, and geotechnical services, has been a tenant at Terminus Business Park since 2010. Initially occupying a smaller space, they have expanded to take over the entire premises, which has been tailored to support their operations. Strategically located in Paget, they serve key industries such as mining, infrastructure, and construction, delivering innovative and reliable engineering solutions.<br><br><a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://aus01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.integraleng.com.au%2F&data=05%7C02%7Cmerryanne%40rethinkinvesting.com.au%7Cd6e94a187cff49e9659d08dd1ddbe798%7Cb654f9c94be24134804f7a0257ce8206%7C0%7C0%7C638699553218897507%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=xqnqGssQ2EqU3MHFkgCHsSmBaSIcCUgKMhsWXtTKYs8%3D&reserved=0"><u>https://www.integraleng.com.au/</u></a><span style="color:rgb(36, 36, 36);padding-left:0px;"> </span>
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18/20 Caterpillar Drive, Paget – 319m2 - $397/m2 17/20 Caterpillar Drive, Paget – 247m2 - $210/m2 *note this is a combination of office & warehouse B/34 East Gordon Street, Mackay – 212m2 - $354/m2 J/36 Wood Street, Mackay – 168m2 - $357/m2 *Due to being predominately office in an industrial park, direct comparisons are hard to come by. The rents have just undergone market review, and believe they are in line with where they should be. We will obtain more during DD.
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fully leased strata investment</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Long standing tenant, here since inception (2010)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Direct access to the Bruce Highway and easy access to Mackay CBD </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Zoned: High Intensity General Industry </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">NLA: 318m2*</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Exclusive Use: 8 x car parks in front of showroom entrance</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Integral Engineering: renowned firm specialising in structural, civil, and geotechnical services</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Yield: 7.4%, set to boost to 7.7% as of 1 July 2025.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Current net income of $121,826* pa, and set to increase to $126,699* pa as of 1 July 2025.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tenant just signed a new 3-year lease to 2028, plus have another 3-year option</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Reviews: Greater of CPI or 4%</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tenant pays all outgoings, including MGMT </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tenant responsible for A/C maintenance</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Exposure to 25,000 vehicles per day </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Terminus Business Park - Winner of the Master Builders Construction Awards 2010 </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Neighboring tenancies; Hasting Deering CAT, Sonic Health, Mackay Shooter Supplies, Moorvale Earthmoving and others </span></p></li></ul>
