For Sale - Exceptional Industrial Investment Leased to NYSE Giant

Cushman & Wakefield National Investment Sales are delighted to present Hardy Spicer and Motion Australia, Mackay to the market for sale via Expression of Interest closing at 4pm on Wednesday the 4th of September 2024.

The asset offers the following key attributes:
- Long term home of Motion Australia and Hardy Spicer in Mackay
- 100% leased to Motion Australia, a subsidiary of GPC a NYSE listed industrial giant with revenues of over $23 billion and a market capitalisation of over $19 billion.
- Leased until 2027 with options until 2030
- Improvements comprise two separate tilt panel warehouses
- 2,662m² unimproved allotment allowing a range of future development options (STCA).
- 8,491m² total site area
- Tenant pays 100% of the outgoings
- Attractive annual 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: $682,545

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

*Approximate