Year started: 2012
Original value: $5.4 million
Minimum investment: $25,000
A brand new commercial building located in a growing region of Victoria.
Well known tenant on a long term lease
A lease to “Bunnings Group Limited” (a subsidiary of ASX listed Wesfarmers Ltd) was secured for a term of 9 years.
Attractive regular tax advantaged returns
Forecast initial yield of 7.5% pa* in 2013 to be paid quarterly. Depreciation and building allowances allow a high proportion of this income to be tax advantaged.
Experienced manager with a proven track record
The Trustee, MPG Funds Management Ltd has assets under management in excess of $400 million and is an associated entity of the McMullin Group who has over 35 years of commercial property management and development experience.
McMullin Group co-investment
To ensure investor interests are aligned the McMullin Group will maintain a minimum equity interest of 10% of the Trust.
*Forecasts are estimates only and are not guaranteed to occur. Please refer to the Information Memorandum for details relating to forecasts.
Status : Closed
$25,000 for approved sophisticated investors
Dividend reinvestment plan
Seven years – detailed in page 11 of the information memorandum
Although Unitholders have the right to sell any units they buy subject to approval by the Trustee, the Units will not be listed on any stock exchange, nor will they be redeemed or repurchased by the Trustee.
8%* for year ending June 2016
Net Tangible Assets
$1.67 or $1.70
Weighted average lease expiry