The MPG Seaford Meadows Property Trust provides investors with an opportunity to invest in a popular neighbourhood shopping centre, located in the growing seaside town of Seaford Meadows, South Australia.
Year started: 2014
Total Assets: $26.2 million
Assets: Seaford Meadows Shopping Centre
Brand name anchor and mini-major tenants
Woolworths Limited (ASX-listed) has been secured for a term of 20 years (plus six additional 5 year options) from March 2014. Mini-major tenants include: The Reject Shop secured on a 6 year lease and Chemist Warehouse on a 7 year lease.
Net Tangible Assets: $1.12 as at 30 June 2023
Minimum investment: $50,000
Dividend reinvestment plan: No
Distributions: 7.00% (year ending 30 June 2022)
Distribution Frequency: Quarterly
Investment Term: 7 years. This trust will rollover in the March quarter 2022.
Liquidity: The Trustee does not expect the Trust will be liquid during the initial term. Unitholders will only 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 and may be redeemed or repurchased by the Trustee, at the Trustee’s sole discretion. Detailed on page 13 of the Information Memorandum.
WALE: 7.8 years
Gearing: 50% (year ending 30 June 2022)
Tax Deferral: 100%
*Forecasts are estimates only and are not guaranteed to occur. Please refer to the Information Memorandum for details relating to forecasts.