The MPG Hardware Trust provides investors with an opportunity to invest in a busy Bunnings Warehouse property, located in a well established and growing region of Victoria.
Status: Closed
Year started: 2012
Total Assets: $7 million
Assets: Bunnings Warehouse Wonthaggi, VIC
Occupancy: 100%
National 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 yield of 8.00%* in 2023 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 over 20 years of commercial property investment, 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.
Net Tangible Assets: $1.59 as at 30 June 2023
Minimum investment: $25,000 for approved sophisticated investors
Dividend reinvestment plan: No
Distributions: 8.00% (year ending 30 June 2022)
Distribution Frequency: Quarterly
Investment Term: Seven years – detailed in page 11 of the information memorandum. This trust will rollover in the March quarter 2026.
Liquidity: 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.
WALE: 4 years
Gearing: 54% (year ending 30 June 2022)
Tax Deferral: 0%
*Forecasts are estimates only and are not guaranteed to occur. Please refer to the Information Memorandum for details relating to forecasts.