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Kelly & Co Property - Brisbane

189 Alfred Street Mackay, QLD 4740

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189 Alfred Street,
Mackay, QLD 4740

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Kelly & Co Property - Brisbane
Pat Kelly

Kelly & Co Property - Brisbane

Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000
04122444...
Kelly & Co Property - Brisbane
189 Alfred Street
Mackay, QLD 4740

Map of 189 Alfred Street

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

  • Renewed 10 year lease
  • 2 x 10 Year option to 2048
  • Largest Funeral business in Mackay
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 ID: 503243458Last Updated: 20 May 2021

Kelly & Co Property - Brisbane
Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000
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