Industrial assets are the strongest asset class in Central Queensland

Industrial assets are leading the way in the commercial Mackay market, said Des Besanko, Managing Director of Raine & Horne Commercial Mackay.

“We are coming to that stage where most vacant standalone facilities are leased, and there is a shortage of good, vacant, standalone sheds with good specs such as cranes, hardstands and so on.”

He adds, “We are at the point where we are having conversations with companies and explaining that if they need anything bigger they need to consider the option of buying land and constructing a new facility.”

The mining service sector is a significant influence on the commercial market in Mackay. A stronger mining sector is bringing jobs back to the region, which is improving the town’s economic outlook. A stronger economy, in turn, is supporting the residential and retail asset market. To demonstrate the influence of the mining services sector in Mackay, property trust Trilogy Funds Management secured two properties in Paget for a combined $11.25 million in a deal brokered by Des Besanko and Col Wilson of Raine & Horne Commercial Mackay.

The properties are tenanted by mining services firms, Independent Mining Services and Alfagomma Australia Pty Ltd, notes Col. “After five years, the Mackay industrial market is finally starting to turn around with investor confidence growing,” he said. “Savvy investors are picking up quality assets with long-term leases between 4-7 years on yields between 8.5-9.5%.

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.