SOLD - Solid QLD Investment Asset backed by Fortune 500 Multinational

Cushman & Wakefield is pleased to present to the market 55-57 Southgate Drive, Paget (Mackay) for sale via Offers to Purchase.

The property has the following key characteristics:

• 10 year lease commenced 2019
• Heavy duty engineering premises in Mackay
• Servicing major mining & infrastructure projects throughout the Galilee Basin & Bowen Basin
• Standalone office & engineering facility totaling 1,587 sqm
• Dual 25 tonne overhead gantry cranes plus large power supply
• 25% site cover offering development expansion & rental upside
• Large 6,336 sqm industrial site with High Impact Zoning
• Cram Fluid Power is owned by Inenco Group & its Parent - Genuine Parts Company (NYSE:GPC) a Fortune 500 major American multinational with a Market Cap of $US15 Billion. Major Australian brands include Repco, NAPA Auto Super Stores, COVS Automotive & Ashdown Ingram & CBC Bearings
• Tenant pays all usual outgoings (excluding Land Tax)
• Current rental $243,623 pa + outgoings + GST

For more information please contact the property professional at Cushman & Wakefield.