$10,000,000
181-195 Maggiolo Drive, Paget, Qld 4740
Local Property Group Acquires $10M Retail Asset in Paget, Mackay
In a recent move that underscores growing investor confidence in Central Queensland’s commercial real estate market, has acquired a in the bustling bulky goods precinct of , near Mackay.
This deal marks a significant milestone for both buyer and seller, with strong tenant occupancy and promising vacancy potential making it an attractive passive investment opportunity.
“This was a straightforward decision for the buyer,” said Mr. Mark Kelly. “They were impressed by the existing tenant profile and the immediate income yield. The remaining vacancy also presents a clear value-add opportunity.”
He added that the property had already begun attracting interest from prospective tenants even before settlement.
“We’re getting numerous approaches to lease the space,” he noted, suggesting strong demand for commercial space in the area.
As Mackay continues to evolve into a key industrial and commercial hub in North Queensland, properties like this one at offer compelling opportunities for savvy investors.
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