A rare opportunity exists to capitalize on a new wave of investment in the mineral rich Bowen Basin, west of Mackay in North Queensland. Two prime properties in the ‘economic hub’ of Moranbah will appeal to the savvy investor or a developer looking for an immediate and substantial passive income while deciding how to best utilize the balance land.
The $1 billion Olive Downs coal project, about 40 km, south-east of Moranbah is the latest coal mine to be given the ‘green light’ by the State Government. Olive Downs is expected to create about 500 full-time jobs during construction and 1000 full-time operational jobs on average over its 79-year life span. Subject to Commonwealth Government approvals, Pembroke Resources expects to begin construction next year.
Olive Downs will join 27 operational coal mines in the area which produce 54% of Queensland’s total saleable coal and generates $1.1 billion in royalty payments per year.
Investors over the past 12 months have been fighting to secure prime residential properties in Moranbah. The demand for industrial sheds is quickly out-stripping supply, as companies prepare to ride another major investment wave in the resource sector..
Being offer for sale, only minutes from Moranbah’s CBD, are the following investment opportunities:
1: Investment opportunity – massive passive income until October, 2021: Lot 1/138 Goonyella Road covers 26,750m2. Currently leased to Boom Logistics until October 2021 with a generated income of $1.5 million (net) in the final two years of the current lease. Infrastructure includes 730m2 workshop, Masonry Block Office Building 550m2, Employee Facilities/accommodation Building 360m2, 3-bedroom house.
2: Investment opportunity – vacant industrial land: Lot 2/140 Goonyella Road is a 7019m2 high profile, industrial development site. The allotment is fully serviced. Buy to build and develop, or invest in the future.
Owner will consider separating the two properties.
For more information contact Col Wilson on 0429 493 773.