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Burgess Rawson (QLD) - Brisbane
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189 Alfred Street Mackay, QLD 4740

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For Sale - Auction Wed 7 Aug

189 Alfred Street Mackay, QLD 4740

Medical & Consulting • Other
Sale Price

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Land area

609.0m²

Floor area

287.0m²

Car spaces

3

Parking info

Ample on-street parking

Property extent

Whole

Zoning

Central Business (4740)

Municipality

Mackay Regional Council

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$107,000
Number of Tenants
1 Tenant
Tenants / Type
Invocare Ltd - Mackay Funerals

Auction

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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: 12 Jul 2019

Burgess Rawson (QLD) - Brisbane
189 Alfred Street
Mackay, QLD 4740
Glenn Conridge

Burgess Rawson (QLD) - Brisbane

Level 24,324 Queen Street
BRISBANE CITY, QLD 4000

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Burgess Rawson (QLD) - Brisbane

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Burgess Rawson (QLD) - Brisbane

Level 24,324 Queen Street
BRISBANE CITY, QLD 4000
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Raoul Holderhead
Burgess Rawson (QLD) - Brisbane
189 Alfred Street Mackay, QLD 4740

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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