Lester Group are pleased to offer the Midland Megaplex, a large format commercial centre opposite the new Midland Bunnings Warehouse (currently under construction) which boasts some large recognisable brands as tenants.
Key investment highlights include:
- Newly developed large format commercial centre;
- 11 tenants, 8.65% vacancy currently being actively marketed;
- 8 years average lease term (WALE);
- 2 year rent guarantee from vendor;
- 8.0% average annual cash return;
- 10 year investment term;
- A new Bunnings Warehouse is currently being developed across the road;
- Lester Group will invest at least $1 million;
- Simple unit trust structure suitable for qualifying superannuation funds;
- Lester Group will manage all aspects of the Property and Trust; and
- This Invitation is to Sophisticated Investors and Professional Investors only.
We are expecting a quick take up of this offer and encourage you to review the Information Memorandum as a priority to ensure you don't miss out.
Please note the purchase and final projections are subject to due diligence.