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Renewed 10 Year Lease Plus Option to 2038 - Listed Public...

189 Alfred Street, MACKAY QLD, 4740

Sold

Property Sold in 189 Alfred Street, MACKAY QLD, 4740

Burgess Rawson (QLD) Pty Ltd

Level 24, 324 Queen Street, Brisbane, QLD 4000

Listing ID:
11352223
Status:
Sold
Price:
Price on Request
Last Updated:
09/08/2019
Icon building

Property Type

Medical/Consulting/Other
Icon square

Land Area

609 SQM
Icon size

Floor Area

287 SQM
Icon parking

Parking

N/A

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

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

For more details, please email agent

Burgess Rawson (QLD) Pty Ltd

Level 24, 324 Queen Street, Brisbane, QLD 4000


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