189 Alfred Street, Mackay, Qld 4740

Burgess Rawson is pleased to offer to the market Mackay Funerals located at 187 Alfred Street, Mackay QLD for sale via Auction Investment Portfolio 170.

+ Mackay Funerals established in 1881 one of the largest funeral business' in Mackay
+ Mackay Funerals, part of InvoCare one of Australia’s largest funeral groups, which includes iconic national and state based brands including Simplicity, White Lady, Le Pine, George Hartnett and Lester & Son, with 2,000+ employees and conducts circa 40,000 funerals each year
+ Renewed 10 year lease to December 2028 plus 10 year options to 2048
+ Tenant pays all outgoings as per the lease
+ Substantial tenant Bank Guarantee in place
+ Strategic freehold site with solid construction including chapel
+ Tenant funded upgrades to the amount of $450,000 in 2018
+ Modern 287sqm* building including 50 seat chapel 
+ Large 609sqm* CBD landholding
+ Near the heart of Mackay CBD, 1km* to Mackay Airport and 2km* to the Bruce Highway
+ Mackay: one of Queensland’s fast growing commercial centres underpinned by agriculture, mining 
    and tourism, trade catchment population approx. 177,000
+ Rent $129,268 pa* + GST (current)
+ Rent $134,438 pa* + GST (December 2024 - assuming CPI at 4%)

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 8 August 2024
The Hilton, Brisbane QLD

Settlement Terms: 30-90 days

Please contact the exclusively appointed Burgess Rawson team for more information.

* Approx.