74 Gateway DrivePaget QLD 4740
Property Details for 74 Gateway Dr, Paget
Last Listing description (December 2018)
Coldwell Banker Commercial Property Group are pleased to exclusively offer 74 Gateway Drive, Paget for sale as a Tenanted Investment. Leased to long term tenant Greyhound Australia, a leading brand in bus and coaches, the property boasts the following features:
- Modern 514sqm* building with 90sqm* external washbay
- Building sits on 4,356sqm of land (only 12%* site cover)
- Tenant pays all outgoings (excluding Land Tax)
- Long term tenant with approx. 3.5 years left of the initial term
- 10 year lease commenced 14/12/2011 with 2 x 5 year options
- Possible development upside due to the buildings low site cover (Subject to council approval)
- The Seller has instructed that all offers will be considered
- Contact Exclusive Agents Luke Mullen or Paul Bates for more details
The property is located in the suburb of Paget within the Mackay regional council. The suburb is principally used for industrial purposes and benefits from great proximity to road and rail access. Paget is approximately 8kms from Mackay city.
*approximately in accordance with building plans supplied by the sellers
Property History for 74 Gateway Dr, Paget, QLD 4740
- 25 Mar 2022Sold for $3,217,500
- 20 Dec 2018Transferred for $965,000
- 28 Mar 2018Listed for Sale Contact Exclusive Agents
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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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