OFF MARKET

2-4 Empire Street
Paget QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 8399m2
Land area: 8399m2
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Property Details for 2-4 Empire St, Paget

Building Type
Land
Floor Size
8399m2
Land Size
8399m2
Local Government
Mackay Regional
Lot/Plan
31/SP261504

Last Listing description (March 2023)

Stonebridge National Investment Sales is pleased to present to the market United Paget (Mackay) for sale via Expressions of Interest Closing Friday 28 October at 3pm (AEDT).

The asset has the following key investment features:

- Brand new 12 year lease to 2034 + options to 2064

- United & Pie Face - Blue chip fuel & convenience retailer operating circa 465 sites nationally

- Brand new improvements providing substantial initial depreciation benefits with up to 70%* of the first year's income tax deferrable

- Substantial 8,399 sqm corner site, boasting 76 metres of direct frontage to Bruce Highway (25,788+ vehicles daily)

- Well configured truck stop offering with dedicated heavy vehicle parking and high-canopy diesel forecourt plus drive-thru Pie Face

- Prime position within high performing Paget logistics precinct - the largest mining services industrial precinct in the southern hemisphere, home to over 500 mining and manufacturing businesses as well as major national retailers including Bunnings, Sydney Tools, Total Tools, RSEA, Beaurepaires and Repco

- Mackay - Thriving regional centre home to 117,900+ residents*, possessing a diverse $17.16 billion* economy supported by globally recognised resource & engineering sectors, as well as agribusiness, construction, logistics, education & tourism

- Fuel Tanks & Lines become the property of the tenant in Year 2 of the lease

- Net lease - tenant pays all usual outgoings as per lease

- Fixed 2.5% annual rent increases

- Estimated Net Income of $426,275 pa* + GST

*Approximate

United Paget (Mackay) is for sale via Expressions of Interest Closing Friday 28 October at 3pm (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 506

Property History for 2-4 Empire St, Paget, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$2,200,000
25 Jun 2021
Listed for Rent
17 Mar 2017
  • 26 Sep 2022
    Listed for Sale Contact Agent
  • 25 Jun 2021
    Sold for $2,200,000
  • 02 Jul 2019
    Sold for $2,420,000
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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 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 7 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.