SOLD
Sold on 01 May 2024 for $1,210,000

14/28 Caterpillar Drive
Paget QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 637m2
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Property Details for 14/28 Caterpillar Dr, Paget

Building Type
Commercial
Land Size
637m2
Local Government
Mackay Regional
Lot/Plan
14/SP215395

Last Listing description (October 2023)

PRIME INVESTMENT OPPORTUNITY - Unit 14/20-34 Caterpillar Drive, Mackay
Attractive 7.75% net return

Setting a new standard in design and quality, Unit 14 at Terminus Business Park is strategically positioned in the heart Mackay's industrial hub of Paget. Built to last of strong tilt slab construction, the property is surrounded by quality international and national tenants, including Hastings Deering-CAT and is only minutes to Mackay Airport.

To be sold on a 7.75% net yield with annual increases of 4%
Leading national tenant Altra Industrial Motion Australia Pty Ltd (now Regal Rexnord)
Current lease expires November, 2025 with options
Flexible zoning caters for retail, professional offices, medical, storage/warehousing, general workshop and machinery repairs, car repair workshop, machinery and vehicle showroom - there's even a caf.
Building features: Total area 632m2, Warehouse 439m2, A/c offices and board room on Mezzanine floor 121m2, ground floor A/c office/reception 67m2, plus amenities
48 volt solar panel system
3 phase power
6 metre powered roller door
7 metre roof height to maximise warehouse racking
Exclusive 6 on-site car parks, plus generic parking
Engineered for cranes
Waste hubs integrated into plumbing design
High-visibility signage with exposure to the Bruce Highway and only 7kms to Mackay's CBD

For more information please contact exclusive marketing agent Col Wilson - 0429 493 773 or email col.wilson@rhc.com.au

Property History for 14/28 Caterpillar Dr, Paget, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$1,210,000
01 May 2024
Listed for Rent
$18k/w
27 Oct 2021
  • 01 May 2024
    Sold for $1,210,000
  • 02 Oct 2023
    Listed for Sale Contact Col Wilson today for more Information
  • 15 Jul 2019
    Listed for Rent - Price not available
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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 878 properties. Over the last 5 years, Houses in Paget have seen a 54.57% increase in median value, while Units have seen a 55.69% increase. As at 31 August 2024:

  • The median value for Houses in Paget is $472,321 while the median value for Units is $308,656.
  • Houses have a median rent of $48,000 while Units have a median rent of $420.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Paget on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Paget.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.