OFF MARKET

107 Farrellys Road
Paget QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 23890m2
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Property Details for 107 Farrellys Rd, Paget

Building Type
Commercial
Land Size
23890m2
Local Government
Mackay Regional
Lot/Plan
2/SP217745

Last Listing description (March 2023)

For Sale by Expressions of Interest closing 3 July at 4pm.

The property is situated on a corner allotment with total land area 23,900 sqm* on two titles, inclusive of hardstand. The site is a High Impact zoned Industrial property constructed in 2012 with a National tenant for balance of 7 year term + 3 year

option.

-High impact zoned Industrial Property constructed 2012
-Secure long term lease to national tenant
-Net annual income of 1.048 million*
-Strategic location with total site area of 23,900 sqm* on two titles
-Total building area of 3,894 sqm* inclusive of an office complex, component bay & store, engineering & wash bay facility with spray booth.

The key features of this asset present it as a rare investment offering and an excellent opportunity to buy in a strong and established industrial precinct of Mackay.

For sale by Expressions of Interest. For more information or to obtain a detailed Information Memorandum, please contact Paul Dury or Chris Wright.

*Approximately

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Property History for 107 Farrellys Rd, Paget, QLD 4740

A timeline of how this property has performed in the market
  • 10 Jun 2014
    Listed for Sale Expression of Interest closing 3 July at 4pm

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About Paget 4740

The size of Paget is approximately 14.1 square kilometres. It has 11 parks covering nearly 6% of total area. The population of Paget in 2011 was 360 people. By 2016 the population was 291 showing a population decline of 19.2% in the area during that time. The predominant age group in Paget is 50-59 years. Households in Paget are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paget work in a machinery operators and drivers occupation. In 2011, 62.4% of the homes in Paget were owner-occupied compared with 44.6% in 2016.

Paget has 879 properties. Over the last 5 years, Houses in Paget have seen a 61.76% increase in median value, while Units have seen a 137.26% increase. As at 31 October 2024:

  • The median value for Houses in Paget is $494,065 while the median value for Units is $398,578.
  • Houses have a median rent of $48,000 while Units have a median rent of $420.
There are currently 6 properties listed for sale, and no properties listed for rent in Paget on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Paget.

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