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Renewed 10 Year Lease Plus Option to 2038 – Listed Public Company Tenant – Invocare Ltd

189 Alfred Street, Mackay QLD

Property Highlights

Renewed 10 year lease

2 x 10 Year option to 2048

Largest Funeral business in Mackay

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Special Use
Land Size
609 SQM
Gross Building Area
287 SQM

Contact Agents

Glenn Conridge

0413 873 337

Raoul Holderhead

0413 860 304

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