A state-of-the-art industrial facility in Mackay is being offered to the market for the first time since it was constructed in 2016.
The corner property at 54-56 Southgate Drive in Paget consists of a 1,098sq m industrial complex with a large workshop on a 1,950sq m site.
Currently fully-leased to LW Hydraulics Pty Limited, a design and manufacturer of hydraulic system solutions, the industrial property workshop is inclusive of all major amenity including a 20 tonne gantry crane, drive thru access, mezzanine storage and internal wash-down bay.
It also has a professional two-level showroom/office area as well as a boardroom and fully self-contained two-bedroom caretakers’ residence.
The property is being offered to the market for sale via an Expressions of Interest campaign run by Paul Dury and Jessica Coleman of Knight Frank on behalf of the vendor, Sydney-based fund manager PSLT Pty Ltd.
Price expectations are circa $3.5 million.
Mr Dury said: “To date the campaign has seen the property attracting interest from property funds, syndicates and high-net-worth private investors.
“Buyers are being drawn to the quality of this asset, being a new state-of-the-art industrial facility, as well as its tenant covenant.
“The asset is fully leased to a strong long-term tenant that operates across Queensland and New South Wales, providing a secure and dependable return, along with future capital growth potential.”
Ms Coleman said Mackay was attracting industrial investors from around Australia due to the strong investment fundamentals of the region.
“Mackay is one of the fastest-growing local government areas in Queensland, with the highest employment demand of any region in non-metropolitan Australia, and this, along with strong industries including mining and resources, is underpinning the industrial market,” she said.
“Planned infrastructure is also boosting the Mackay/Whitsundays region, with $16.5 billion in projects in the pipeline, including in mining and resources.
“The growth potential is significant, and this, combined with the relative affordability of Mackay in comparison to the major capitals, is attracting capital.”
Major projects planned for the region include the $6.5 billion Capricornia Energy Hub 80 kilometres west of Mackay, the $700 million Vestas wind farm at Lotus Creek, the $2 billion Peak Downs Mine Continuation project southeast of Moranbah and the $1 billion Winchester South coal mine near Moranbah.
The Expressions of Interest campaign for the property will close at 4pm (AEST) on Tuesday, March 26.
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