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Sold on 15 Jun 2021

55-57 Southgate Drive Paget QLD 4740

  • Factory, Warehouse & Industrial
  • 1,587 m²
  • Sold

QLD Industrial Investment - Leased to Fortune 500 Company

  • 10 year lease commenced May 2019
  • Large 6,336 sqm land area
  • Net Income $239,316 pa + GST

Cushman and Wakefield invite you to take advantage of this unique investment opportunity with multiple assets available for purchase individually or in one line.

Cram Fluid Power is an industry leading Hydraulic and Power Fluid business with operations in QLD, NSW and WA, locally owned by the Inenco Group (Consolidated Bearings, Hardy Spicer)
Wholly owned subsidiary of Genuine Parts Company (NYSE:GPC), a Fortune 500 American multinational with a Market Cap of $US15.4 Billion
Major Australian brands include Repco, NAPA Auto Super Stores, COVS Automotive and Ashdown Ingram

Current Opportunities:

QLD: 55-57 Southgate Drive, Paget Mackay. For Sale POA - Leased for $239,316 pa net + GST
NSW: 11 Enterprise Drive, Tomago Newcastle. For Sale POA - Leased for $119,064 pa net + GST
NSW: 8 Glastonbury Avenue, Unanderra - Under Contract
NSW: 10 Glastonbury Avenue, Unanderra - Under Contract
NSW: 11 Glastonbury Avenue, Unanderra - Under Contract
NSW: 13 Glastonbury Avenue, Unanderra - Under Contract

55-57 Southgate Drive, Paget, Mackay QLD

1,587 sqm total building area*
6,336 sqm large industrial site
Low 25% site cover allowing for future development upside
Stand-alone single air conditioned level office
Heavy Duty Engineering Workshop includes large 630 AMP 3 phase power supply
Significant fit out includes Two 25 tonne overhead gantry cranes
Large concrete and compacted hardstand area
Paget is Mackay's primary industrial area servicing major mining and infrastructure projects throughout the region including the many resource rich operations in the Galilee Basin and Bowen Basin
Mackay Ports including Hay Point and Abbott Point are major Australian bulk export port facilities interconnected with rail lines to the terminals directly from the mines. Primary exports include metallurgical coal, a key resource used for manufacturing steel
New 10 year lease commenced 30 May 2019. Lessee has the right to review the lease terms after year four.
Tenant pays all outgoings including Land Tax on a single holding basis
Current net annual rental $239,316 pa + GST

*Approx.

Contact the Exclusive Agents at Cushman and Wakefield for further details.

Anthony Bray
Cushman & Wakefield Brisbane
Anthony Bray
Cushman & Wakefield Brisbane

Property Highlights

Date Sold15 Jun 2021
Floor Area1,587 m²
Land Area6,336 m²
Parking20 x Onsite parkings
Building TypeWhole building
Property ID2017197628
Category
Last updated  17 Aug 2021
Map for 55-57 Southgate Drive Paget QLD 4740
Anthony Bray
Cushman & Wakefield Brisbane
Anthony Bray
Cushman & Wakefield Brisbane

Property Highlights

Date Sold15 Jun 2021
Floor Area1,587 m²
Land Area6,336 m²
Parking20 x Onsite parkings
Building TypeWhole building
Property ID2017197628
Category
Last updated  17 Aug 2021
Level 11, 123 Eagle Street Brisbane City QLD 4000
Anthony Bray
Anthony Bray
Cushman & Wakefield Brisbane
Anthony Bray
Anthony Bray
Cushman & Wakefield Brisbane

Anthony Bray

Cushman & Wakefield Brisbane

(61 *** ***
(61 2) 9224 8090

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