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SOLD

Southern Cross Industrial Group's Australian Head Office, 134-140 Diesel Drive, Paget, QLD, 4740

Properties / Sold / Queensland / Paget

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Please Contact Agents

Land Area

31,100 m² (*approx)

Floor Area

3851 m² (*approx)

Property Type

Industrial, Other, Land

Sub-type

Office/Warehouse

Terms

10-year lease until 2033 + options until 2043

Est. Income

$1,236,000 p/a

Fully Leased

Southern Cross Industrial Group

Car Spaces

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2. Property Highlights

For Sale - Southern Cross Industrial Group's Australian Head Office

Brand new industrial investment
10-year lease until 2033
Net Annual Rent: $1,236,000pa*

Cushman & Wakefield National Investment Sales are delighted to present Southern Cross Industrial Group’s Australian Head Office to the market for sale via Expression of Interest closing at 4pm on Wednesday the 8th of May 2024.

The asset offers the following key attributes:

- Southern Cross Industrial Group’s Australian Head Office

- Brand new industrial investment - completed in 2023

- 10-year lease until 2033 + options until 2043

- Leased to Southern Cross Industrial Group ($70m+ revenue in 2023)

- 3.11 Ha Site Area

- 15,280m2 unimproved allotment allowing a range of additional development options (STCA).

- 3,851m2 Total Gross Floor Area

- Improvements comprise Retail, Office, Warehouse and Workshop areas

- Tenant pays 100% of the outgoings

- Attractive 3.0% increases

- Located in Paget - 10 minutes south from the Mackay CBD

- Paget is widely regarded as Australia’s best regional industrial market

- Located alongside national tenants including Hastings Deering, Blackwood’s, Thiess and Komatsu

- Mackay is the gateway to Queensland's Greater Whitsunday Region (population 135,000+)

Net Annual Rent: $1,236,000pa

For further information, to arrange an inspection or to access the due diligence data room, please contact Daniel Cullinane, Patrick Birchley or Evi Meka of Cushman & Wakefield National Investment Sales.

*Approximate

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