![]() Asset Class: | Retail |
![]() Price: | $ 780000 |
![]() Net Yield: | 8.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
Offered is a fully leased retail investment located within the award-winning Terminus Business Park in Paget, just 7 km from Mackay's CBD and minutes from the Bruce Highway. As one of the few established cafés in the Paget region, the business has been a local staple since 2012, serving a captive market with limited food options in the surrounding industrial precinct.<br><br>The property has a NLA of 98m2* and is zoned High Intensity General Industry, with approval for cafe use. It features a fully equipped cafe space, including a chef’s kitchen, front-of-house facilities, cold room, grease trap, dual A/C, and disabled-compliant amenities—all maintained by the tenant. Additionally, the property includes 2 exclusive onsite parking bays, a van/loading area, and a 40m2* exclusive-use outdoor dining area.<br><br>Good Days Café is secured on a lease through to 2029. The tenant recently renewed on a 5-year and 4-month lease, which underwent a market rent review in November 2024. The tenant pays $62,400* pa net, and cover all outgoings, including MGMT, sinking fund, maintenance, repairs, land tax, and A/C servicing. The lease includes 4% fixed annual increases, backed by a personal guarantee and a 6-month bond, providing additional security to the investment.<br><br>Built in 2010, the property has a proven track record as a stable and reliable asset. With an exclusive Rethink offering delivering an 8% net return, this is an exceptional opportunity to acquire a high-demand asset servicing the majority of Paget’s industrial clientele, primed to deliver consistent returns for years to come.
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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 te<span style="font-weight:normal;">chnology.</span><br><br><b>Terminus Business Park – Paget </b><br>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.<br><br><b>Queensland Growth</b><br>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.
Additional Location Information FileGood Day Cafe<br>Have been part of the premises where Terminus was first developed and has been operating since inception 2010.
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Security Info:
21/20 Caterpillar Drive, Paget – 98m2 - $636/m2 Suite B/36 Wood Street, Mackay – 30m2 - $874/m2 (cafe) *Due to this being the only café within an industrial precinct, direct comparisons are hard to come by. The rents have just undergone market review through a valuer, who deemed the rents in line with market. We will obtain more during DD.
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Key Highlights<br>⦁ Location: Direct access to the Bruce Highway and proximity to Hastings Deering<br>⦁ NLA: 98m2* <br><span style="color:rgb(51, 51, 51);">⦁ Plus exclusive 40m2* seperate Alfresco (shaded outdoor dining area)</span><br><span style="color:rgb(51, 51, 51);">⦁ Zoned: </span>High Intensity General Industry with permitted Café use<br><span style="color:rgb(51, 51, 51);">⦁ Lease: 3 Years, with a 3-year option </span><br><span style="color:rgb(51, 51, 51);">⦁ Solid 4% annual increases</span><br><span style="color:rgb(51, 51, 51);">⦁ Rents just undergone review (Nov 2024)</span><br><span style="color:rgb(51, 51, 51);">⦁ Tenant been here since 2012</span><br><span style="color:rgb(51, 51, 51);">⦁ </span><span style="color:rgb(0, 0, 0);">Security: 6 month rent + outs bond in place, plus personal guarantees.</span><br>⦁ Exclusive : 2 front car parks, van/loading area, outdoor dining, storage, and disabled compliant toilet (refer to attached plan).<br>⦁ Cafe : Fully approved, standalone site with chef’s kitchen and separate 3-phase power.<br>⦁ Air Conditioned, tenants responsibility to maintain<br>⦁ Grease Trap: Fully serviced and maintained by tenant<br>⦁ Exhaust System: Ducted through to the roof.<br>⦁ Kitchen Fit out: Tenant owns the kitchen fit out.<br><span style="color:rgb(51, 51, 51);">⦁ </span><span style="color:rgb(0, 0, 0);">Captive market, given the lack of food operators in the area</span>