Sentinel picks up seventh Mackay property for $6.5m

May 19, 2016

Su-Lin Tan | The Australian Financial Review

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.