69-79 Diesel Drive, Mackay (Paget) PAGET

Secure 15 year lease to Wesfarmers subsidiary until 2029 plus options to 2039. Wesfarmers - $62.4 billion turnover in 2015, owner of Bunnings, Coles and Kmart. Blackwoods is a major subsidiary of Wesfarmers with a dominant B2B market position - 63 outlets nationwide. New state of the art building of 13,843sqm with substantial depreciation allowances. Large 30,100sqm land area with drive around access. Strategic location close to Mackay Airport, Bruce Highway and Mackay Intermodal Terminal. Tenant pays all outgoings (as per lease). 3% annual rent increases ($3,002,859 in 2026). Net Income: $2,234,409 pa + GST.