2 Kumar ClosePaget QLD 4740
Property Details for 2 Kumar Cl, Paget
Last Listing description (August 2022)
Stonebridge National Investment Sales is pleased to present to the market, Multispares & Mackay Freight Services Paget, for sale via Immediate Offers to Purchase.
The Asset has the following key investment features:
- Multispares - Brand new 7 year net lease to 2029 + options to 2044
- ASX listed heavy vehicle parts supplier across 23 locations in Australia and New Zealand, boasting annual sales revenues of $162 million
- Mackay Freight Services - Brand new 7 year lease to 2029 + options to 2043
- Successful logistics company established for 20 years
- Land rich 5,035 sqm* corner site boasting strong exposure and large frontage with dual street access in Mackay's premier industrial & logistics precinct
- Brand new, state-of-the-art building providing optimal depreciation benefits
- Significant 1,706 sqm* clear span warehouse supported by two air-conditioned offices, 19 car parks and 2,437 sqm* of hardstand area
- Highly strategic position within 'Paget Industrial Estate' - 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, RSEA, Beaurepaires, Ampol and Total Tools
- Key precinct location with excellent access to crucial transport infrastructure, directly neighbouring the Aurizon/Linfox intermodal terminal and just 600 metres* to Bruce Highway, carrying 24,600+ vehicles daily*
- 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
- Landlord favourable net leases - tenants pays all usual outgoings excluding structural repairs & maintenance
- Fixed 2% annual rent increases
- Net Income $333,596 pa* + GST
*Approximate
The Investment is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge Property Professionals for more information.
Property Code: 463
Property History for 2 Kumar Cl, Paget, QLD 4740
- 28 Jun 2022Listed for Sale Contact Agent
- 28 Aug 2020Listed for Rent - Price not available
- 07 Jul 2020Sold for $858,000
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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 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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