49-57 Commercial AvenuePaget QLD 4740
Property Details for 49-57 Commercial Ave, Paget
Last Listing description (July 2023)
Mackay City Property Commercial are pleased to present to the market this unique tenanted investment opportunity consisting of a Heavy Engineering Industrial Workshop located at 49-57 Commercial Avenue, Paget QLD 4740.
Key features as outlined below:
YIELD 6.9% - NET RENTAL INCOME $425,000 pa - 5 YEAR LEASE + Options
Building GFA 3885 m2* - Workshop area 3450m2* and Office area 435 m2*
Land Area 8,977 m2* in a corner location, with dual access
Three workshops, high clearance 10m under eaves
Four overhead gantry rails cranes of respectively 50ton, two 10ton, 5ton, and a monorail crane
Bunded chemical storage, bunded wash bay area, 16x 63Amps powerpoints, solar power, air compressor, security cameras throughout
Infrastructure services available - electricity, reticulated town water, sewerage, telephone, NBN
Attached office including entrance lobby, various offices, board/meeting room, open plan office area, and staff amenities.
Zoning High Impact Industry - 24/7 operation
Price $6,150,000
Contact the marketing agent to request an Information Memorandum.
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.
* approximate only
Property History for 49-57 Commercial Ave, Paget, QLD 4740
- 31 May 2023Listed for Sale YIELD 6.9%
- 09 Nov 2022Listed for Rent - Price not available
- 18 Oct 2012Listed for Rent - Price not available
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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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