SectorIndustrial
StateQLD
Acquisition price$9,250,000
Current yield9.39%
Land area (sqm)30,900
Rate ($/sqm)$299.35
Office (sqm)1,548
Warehouse (sqm)6,944
Total (sqm)8,492
Office %10%
Site coverage27%

Property Overview

91 Connors Road, Paget, is located approximately six kilometres by road southwest of the Mackay CBD. The property is situated on the eastern side of Connors Road, being the corner allotment directly southeast of the intersection with Len Shield Street.

Surrounding development comprises established larger heavy industrial sites improved predominantly with large high clearance industrial workshops with attached office provision.

Land

The property provides a slightly truncated corner allotment set at road height and providing a near level contour throughout.

The property has a frontage to Len Shield Street along the northern alignment of approximately 210 metres. The property receives good exposure from passing traffic and benefits from ample off-street parking.

Road system and access

Len Shield Street provides a dual lane bitumen sealed carriageway. Vehicular access is considered to be easy and direct over two concrete crossovers with widths ranging from 6 to 8 metres. Connors Road is a dual lane bitumen sealed carriageway with concrete kerb and channeling and grassed footpaths. It is a main connector road in Paget that enables traffic flow within the industrial precinct and through to Mackay via Paradise Street to the north. It also links to the Bruce Highway via Archibald Street to the north and Farrellys Road to the south.

Regular council bus services operate along Connors Road and through the area while the Mackay Airport is in close proximity to the east.

Improvements

Warehouse/workshops

The property contains two detached high clearance heavy industrial workshops featuring RSJ columns and rafters and metal deck roofs. External wall cladding comprises part masonry block and colorbond sheeting.

The original shed was constructed in 1979 and is located nearest to the intersection of Len Shield Street and Connors Road. It includes a significant area of single level offices and staff amenities that adjoin the western and eastern sides of the workshop with internal access through to the workshop. The second building was constructed in 2003 and provides a larger shed with similar heavy industrial construction. It includes offices and staff amenities that are located to the western side of the workshop with direct internal access to the workshop.

Each workshop is connected with three-phase power, has maximum heights ranging between 11.7 and 12.8 metres and includes a significant number of high-clearance roller doors and mercury vapour lamps.

Ancillary

Other site improvements include a bunded wash-bay, an oil/water separator, two two-bay colorbond storage sheds, and significant bitumen sealed hardstand and concrete and bitumen sealed open car parking areas. An area of approximately 8,100m2 located to the eastern boundary comprises compacted gravel hardstand and is used for open storage.

The site also provides approximately 136 allocated open car parks.