Investment
Status
Full
Purchase
Price
$2.14M
Date of
Purchase
Jun '19
Dec '24 Net
Distribution
2.82%
About Sentinel Growth Fund
The subject property comprises of three contiguous sites; 28, 34 & 40 Gateway Drive, and is located within the industrial suburb of Paget, south of Mackay.
Sentinel identified the growing demand for workshop space in Mackay, and subsequently undertaken a major industrial build on the 6,449sqm site of 40 Gateway Drive. Development Application was submitted and approved for a 2,000sqm workshop with office, and finance approval having also been obtained. A tenant was secured just after finance approval but before construction commenced.
The facility is 100% leased to BIS Industries, who rents and maintains large coal mining equipment, for a lease term of 5 years.
Gallery
Location
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