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This development site in Paget (Mackay) is approved for development of a self-storage facility of 2,156sqm. The site provides a strong holding income, with the upside of being ready to commence development of a lucrative self-storage facility.
The property is held over three allotments with separate titles. Currently returning $152k net pa across 5 tenants, it is at 100% occupancy with short WALE to allow for redevelopment.
~ DA Approved for the provision of 2,156sqm of self-storage area with currency to June 2030.
~ Low Impact Industry zoning, near level platform with good access and main road position
~ Located within the established industrial precinct of Paget, approximately 4.5km south-west of the Mackay City centre and 3 km west of Mackay Airport.
~ Currently leased to 5 different tenants at 100% occupancy with short WALE to allow for redevelopment
~ Net income currently $152,897pa
~ This property is being marketed in conjunction with a newly completed self-
storage facility in Slade Point – with properties available to purchase either individually or together.
*Approx
**Outline Indicative Only
Remember to mention you found this property on DevelopmentReady
This development site in Paget (Mackay) is approved for development of a self-storage facility of 2,156sqm. The site provides a strong holding income, with the upside of being ready to commence development of a lucrative self-storage facility.
The property is held over three allotments with separate titles. Currently returning $152k net pa across 5 tenants, it is at 100% occupancy with short WALE to allow for redevelopment.
~ DA Approved for the provision of 2,156sqm of self-storage area with currency to June 2030.
~ Low Impact Industry zoning, near level platform with good access and main road position
~ Located within the established industrial precinct of Paget, approximately 4.5km south-west of the Mackay City centre and 3 km west of Mackay Airport.
~ Currently leased to 5 different tenants at 100% occupancy with short WALE to allow for redevelopment
~ Net income currently $152,897pa
~ This property is being marketed in conjunction with a newly completed self-
storage facility in Slade Point – with properties available to purchase either individually or together.
*Approx
**Outline Indicative Only
Remember to mention you found this property on DevelopmentReady
