Long 10 + 5 + 5 year lease to Puma Energy from March 2015.
Over 80% of income secured by Puma, balance leased to workshop.
Puma Energy: dynamic fast growing global energy company employing.
7,000 staff, operating in 45+ countries and 270 locations in Australia.
Andergrove: residential northern suburb of Mackay.
Mackay Regional LGA: one of the fastest growing regions in Queensland with a population circa 120,000 midpoint between Townsville & Rockhampton.
Large 2,260 sqm site with wide frontage linking northern suburbs to Mackay CBD.
Lease requires tenant to pay outgoings.
Anticipated high return – circa 7.5%.
Net Income: $197,574 pa + GST.