Sentinel picks up seventh Mackay property for $6.5m
May 19, 2016
Sentinel Property Group has acquired its seventh Mackay industrial property for $6.5 million.
The 4671sq m facility on a 2.1-hectare site at 37-39 Interlink Court at Paget is fully leased to engineering group Sandvik until May 2020 with options. It features a single-level office building, free-standing warehouses, a paint booth, wash bay and a small oil store. The buildings are surrounded by hardstand and parking.
“While the coal sector and Mackay’s residential property market have been facing difficulties, at the current prices we see a lot of strong upside in commercial property investment in the region,” Sentinel managing director Warren Ebert said.
Colliers International’s Stewart Gamblin handled the sale.Download the Article