Renewed 10 Year Lease Plus Option to 2038 – Listed Public Company Tenant – Invocare Ltd
189 Alfred Street, Mackay QLD
Property Highlights
Description
Mackay Funerals established in 1881 is the largest funeral business in Mackay
Renewed 10 year lease to December 2028 plus 2 further 10 year option to 2048
Tenant pays all outgoings as per the lease
The tenant is a wholly owned subsidiary of Invocare Ltd, the largest funeral provider throughout the Asia Pacific region in over 290 locations with 1,800+ employees and growing
Modern freehold site with solid construction including chapel
$450,000 worth of renovation by tenant in 2018
Building area 287sqm
Land area 609sqm
Near the heart of Mackay CBD, 1km to Mackay Airport and 2kms to Bruce Hwy
Mackay: fast growing commercial centre underpinned by agriculture, mining and tourism. Current population approx. 120,000
Net Income $107,000 p.a. + GST
Auction: 11am AEST Wednesday 7 August 2019
Venue: River Room, Crown Casino, Melbourne
Property Details