5/38 Margaret Vella DrivePaget QLD 4740
Property Details for 5/38 Margaret Vella Dr, Paget
Last Listing description (September 2026)
Secure Tenant | Lease to 2028 + Options to 2034 | 7-8% Yield | 100% Outgoings Recoverable
Positioned in the heart of Paget's established industrial precinct, 5/38-42 Margaret Vella Drive presents an outstanding opportunity for investors seeking a secure commercial asset with strong income and long-term potential.
Currently leased to a secure tenant through to 2028, with further options extending the lease through to 2034, this property provides investors with valuable income security and the potential for a long-term hold. With a current rental yield of approximately 7-8% per annum and 100% of outgoings recoverable from the tenant, the property offers an attractive combination of strong returns and reduced holding costs.
The property occupies a 337sqm footprint, with a substantial 406sqm total floor area including the mezzanine, providing a versatile mix of functional warehouse, office and additional work/storage space.
Located within a busy industrial complex on Margaret Vella Drive, the property benefits from a proven commercial location surrounded by established businesses and complementary tenancies. Paget remains one of Mackay's key industrial and commercial precincts, providing excellent connectivity to major transport routes and the wider Mackay region.
Key Features:
• Securely leased through to 2028
• Further lease options extending to 2034
• Current rental yield of approximately 7-8% p.a.
• 100% of outgoings recoverable from the tenant
• 337sqm footprint
• 406sqm total floor area, including mezzanine
• Functional industrial/office configuration
• Located within an established and busy Paget complex
• Surrounded by complementary commercial and industrial tenancies
• Strong investment fundamentals with secure existing income
• Ideal addition to an established commercial property portfolio
For investors seeking a secure, income-producing commercial asset in one of Mackay's established industrial precincts, this property is well worth consideration. Secure your future with a premium commercial asset delivering reliable returns today and for years to come.
For more information please contact us for an Information Memorandum. Contact Exclusive Agents Ashley Samuel on 0422 267 502 or Hayden Potts on 0455 883 761 to become qualified or risk missing out. This property is being sold by Openn Negotiation (Online campaign with flexible conditions). The campaign is underway, and the property could sell as soon as tomorrow.
Property History for 5/38 Margaret Vella Dr, Paget, QLD 4740
- 03 Sep 2026Listed for Sale Offers over: $849,000
- 31 May 2023Sold for $600,000
- 07 Jan 2016Listed for Rent - Price not available
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About Paget 4740
The size of Paget is approximately 14.1 square kilometres. There are 11 parks, covering nearly 6.0% of the total area. The population of Paget in 2016 was 273 people. By 2021 the population was 339 showing a population growth of 24.2% in the area during that time. The predominant age group in Paget is 20-29 years. Households in Paget are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Paget work in a machinery operators and drivers occupation.In 2021, 41.50% of the homes in Paget were owner-occupied compared with 44.60% in 2016.
Paget has 891 properties. Over the last 5 years, Houses in Paget have seen a 83.54% increase in median value, while Units have seen a 93.43% increase. As at 31 August 2026:
- The median value for Houses in Paget is $648,551 while the median value for Units is $446,352.
- Houses have a median rent of $48,000 while Units have a median rent of $490.
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