35 Paget Street, West Mackay, QLD 4740 | Property Value & History | OnTheHouse
 
OFF MARKET

35 Paget Street
West Mackay QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: 14
Floor area: 539m2
Land area: 2796m2
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Property Details for 35 Paget St, West Mackay

Building Type
Commercial
Floor Size
539m2
Land Size
2796m2
Local Government
Mackay Regional
Lot/Plan
12/RP860671

Last Listing description (June 2016)

This superb freehold childcare investment is a perfect fit for a passive investor and or a SMSF. To combine the possible 30 year total lease/options, the quality of the tenant and business. It is a secure and exceptionally well located investment that will provide strong returns to the astute investor well into the future.
EXECUTIVE SUMMARY
LICENCE: 74 Place.

LAND SITE: 2,796 m2.
BUILDING AREA: 539 m2 + Externals
PARKING: Estimated at 14 on site.
BUILDING SERVICES: Fully air conditioned, security, industrial waste bins and fire extinguisher
CONSTRUCTED: 1993. Opened February 1994
BUILDING: Low Maintenance Rendered Brick
ROOF: White Colour-Bond.
OCCUPANCY: Average Occupancy 87.5% (June to Dec 15)
LEASE TERM: 10 Years.
OPTION: 1 x 10 year option.
2 x 5 years options.
LEASE COMMENCED: 1 March 2016.
TENANT FINANCIAL: Exceptional. Full current P/L will be provided upon signing confidentially agreement.
LAYOUT: 4 Rooms- Purpose Built.
AGES: 15 weeks - School age.
REVIEWS: 3% and market review option.
MARKET REVIEWS: Market reviews at the commencement of each further term.
All options have a ratchet clause. Rent cannot be reduced.
OUTGOINGS: Triple net. All out goings, Land tax, and GST are paid by the tenant.
RENTAL (Net pa): $148,000 net pa + out goings + GST.
For full Information Memorandum and copy of the lease please email me on andrew.kelly@randw.com.au
Please note; THE AUCTION HAS BEEN CANCELLED.
This property is under contract.

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Property History for 35 Paget St, West Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$2,850,000
09 Aug 2024
  • 09 Aug 2024
    Sold for $2,850,000
  • 29 Apr 2016
    Sold for $2,250,000
  • 21 Mar 2016
    Listed for Sale Price Upon Application
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About West Mackay 4740

The size of West Mackay is approximately 6.5 square kilometres. It has 9 parks covering nearly 8.5% of total area. The population of West Mackay in 2016 was 6210 people. By 2021 the population was 6536 showing a population growth of 5.2% in the area during that time. The predominant age group in West Mackay is 20-29 years. Households in West Mackay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in West Mackay work in a trades occupation.In 2021, 62.00% of the homes in West Mackay were owner-occupied compared with 60.80% in 2016.

West Mackay has 3,099 properties.

    There are currently 19 properties listed for sale, and 4 properties listed for rent in West mackay on OnTheHouse. According to Cotality's data, 141 properties were sold in the past 12 months in West mackay.

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