13 John Vella DrivePaget QLD 4740
Property Details for 13 John Vella Dr, Paget
Last Listing description (March 2017)
8.5% YIELD INVESTMENT OPPORTUNITY - ULTRATUNE workshop - Paget MACKAY
The owners of this hi-exposure industrial warehouse leased to national tenants ULTRATUNE and EDI Mining subsidiary are regretfully offering this great investment property to the market for sale.
This 500 sqm* concrete building with steel purlins and metal roof was erected in 1998 on a 855 sqm industrial block in the major industrial estate of Paget, south of Mackay. Its two tenancies, Ultratune on a 6x5 lease term and SGS Australia on a 2x1 lease term, provide a net rent of $50K per annum, local tax and building insurance are payable by the tenants.
195 sqm* workshop area
30 sqm* office/reception area
Plus mezzanine for storage and a small office on Level 1
Kitchenette & bathroom area
SGS Tenancy
170 sqm* warehouse
65 sqm* of office space
Kitchenette & bathroom area
Vacant office/ mezzanine - used by owner
40 sqm* of office
Plus mezzanine area
Please contact the agent for further information and inspection of the property
*approx.
Disclaimer; The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
Property History for 13 John Vella Dr, Paget, QLD 4740
- 09 Dec 2016Sold for $535,000
- 09 Dec 2016Sold for $535,000
- 17 Jun 2016Listed for Sale $590,000
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0About 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.
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