This property was offered as a fractionised investment in March 2021
These 3 industrial property holdings were acquired to provide investors with reliable income & growth over the term of each of the investments. Wholesale Investors were able to access the investment for mulitples of $100,000 each.
The first two warehouse properties were acquired in Mayfield West, near Newcastle CBD. They are both located in Newcastle’s prime industrial precinct. The third property was a large-format retail centre located at 555 Kessels Road, McGregor. Investor’s acted quickly and the trust was wrapped up before the official closing date.
The quick snapshot of the Mayfield freehold and leasehold details were
Two industrial warehouse, both with a total Net Lettable Area of 4598 m2 approx. including mezzanine of 1000 sqm.
Land Area: 14230 sqm approx.
Lease term: 7 years
Initial yield: 6.2% pa
Current Base Rent: $612,500
Purchase Price: $9.92 M
REIT Type: Wholesale
Date: March 2021
McGregor Home Centre
Land Area: 29100 sqm approx.
Building Area: 12355 sqm
WALE : 5.9 years
Initial yield: 6.0% pa
Current Base Rent: $2.6m approx
Purchase Price: $42.15 M
REIT Type: Wholesale
Date: March 2021
Further details are available from Rob Stanley-Turner 0418 98 2000 or rob@dev.zealousys.com
Disclaimer:
All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.
