This large light industrial zoned site, with a total area of 8,088 sqm is split into two security fenced areas, and is strategically located close to the Mackay Marina precinct. The front area comprises a combined 744 sqm of storage shed, workshop and air conditioned office/residence (on two levels). The tenant is Mackay City Couriers and this is their dispatch depot to service the Mackay region. This shed was the original building on the whole site and was built for a food storage depot and ice making company with cold rooms installed. The rear land area houses a newer built 1404 sqm metal sheeted shed, comprising 13 bays. They are currently divided into 6 individual tenancies.At present, all areas are leased with varying lease terms. A schedule of such tenancies is available upon request & is included in an information pack for your reference.We feel that the site offers a passive income return with future income growth in annual rent reviews and upcoming market reviews. The average rate on the back sheds is $66.47/sqm and the front being $60.29/sqm. Whilst this offers very good competitive rates for the current tenants, market forces at present in Mackay are dictating growth in these rates, thereby allowing higher rates to be achieved in the event any tenant vacates. The cheapest rates in Slade Point our investigations provide is $80/sqm and some rumoured to be $120/sqm. The newer Industrial area of Paget on the other side of town has new facilities starting at $165/sqm. Whilst we suggest keeping a good competitive advantage for tenants over the Paget area and other tenancies in Slade Point, even obtaining an average of $80/sqm on all tenancies here would increase the net income of approx $155,000 pa equating to a 8.15% net return on the asking price or $85/sqm would increase net income to approx $165,500 pa equating to a 8.71% net return on the asking price.Contact: Des Besanko on 0419 860 129 or email: mackay@ljhcommercial.com.au