CBRE is pleased to offer to market Simplicity Funerals Pakenham (Melbourne) VIC for sale by Expression of Interest closing Thursday 23rd April at 4:00pm (AEST)

This opportunity has the following key investment highlights:

+ Renewed Five (5) year net lease to InvoCare to 2030. No Further Option
+ Lease ends in 2030, offering an opportunity for owner-occupiers or the negotiation of a new lease.
+ Invocare: Australia’s largest funeral company—acquired by US private equity firm TPG for $1.8bn—with brands including White Lady, Le Pine, Blackwell, Guardian, and George Hartnett. (1)
+ Annual CPI rent reviews.
+ Investor preferred net lease terms with InvoCare responsible for all usual outgoings including single holding Land Tax, rates & insurance premiums.
+ Impressive 668sqm* Large Format Retail (LFR) building, including a 90 seat Chapel, Lobby, Reflection Room plus meticulous internal section for vehicle & transportation arrangements etc
+ Important 9 on site car park space at rear of building.
+ Significant 1,242sqm* highway freehold site, featuring a 26-metre frontage to Princes Highway—a major Melbourne arterial servicing over 37,000 passing vehicles daily. (2)
+ Strategic location next to the Pakenham Hotel (Castello’s), the area’s primary venue for post-service wakes, providing easy convenience.
+ Positioned within Pakenham’s premier ‘Golden Mile’ LFR precinct, surrounded by national heavyweights including HomeCo, Bunnings, Officeworks, Sydney Tools, Tyrepower and Reece Plumbing —all within a 900m* radius.
+ Pakenham: central within Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041.***
+ City of Casey: One of Victoria’s fastest growing LGA’s with a population forecast to increase 48.4% to a significant 614,075 by 2046.***
+ Net Income: $171,644pa* + GST (assume CPI 3% July 2026)

For Sale by Expression of Interest
Closing Thursday 23rd April at 4:00pm (AEST)

* Approx.
1 AFR
2 GapMaps
3 Forecast.id