OFF MARKET

19-21 Formation Street
Paget QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 19150m2
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Property Details for 19-21 Formation St, Paget

Building Type
Commercial
Land Size
19150m2
Local Government
Mackay Regional
Lot/Plan
308/CI4493

Last Listing description (July 2023)

Sentinel Property Group is pleased to present to the market For Lease this rarely available opportunity.

Key features include:

- 4,080m* of functional warehouse/workshop space including office & amenities
- 19,150m* level & rectangular shaped site area with access via wide crossover
- High Impact Industry zoning allowing for a variety of uses & 24/7 operation
- Large hardstand areas - both Concrete & Gravel allowing easy heavy vehicle access
- Significant 3 phase power with 2 x 1000KVA transformers
- Optional overhead cranes available by negotiation (if required)
- Additional works available by negotiation
- Available Now - Refurbishment works underway

Formation Street is located within Paget, Mackays premier Mining, Engineering & Industrial services hub which is only 5 mins* from the Mackay Airport & 15 mins* from the centre of the Mackay CBD. The location offers convenient transport access to Mackays arterial road network including B-Double approved Farrellys Rd, Connors Rd, the Bruce Hwy & Peak Downs Hwy.

*approximate, subject to confirmation and council approval.

For further information about this property please don't hesitate to contact Sentinel Property Group.

No responsibility is accepted by the vendor or its representatives for the accuracy of any information contained herein or for any action taken in reliance thereon. Prospective tenants should make their own enquiries to satisfy themselves on all aspects. Details contained herein do not constitute any representation by the vendor or by the agent and are excluded from any contract.

Property History for 19-21 Formation St, Paget, QLD 4740

A timeline of how this property has performed in the market
Last Transferred
$5,390,000
02 Oct 2020
Listed for Rent
18 Jul 2023
  • 07 Oct 2020
    Listed for Rent - Price not available
  • 02 Oct 2020
    Transferred for $5,390,000
  • 05 Aug 2020
    Listed for Sale Expressions of Interest
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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, 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.