Lester Group has made significant progress since releasing the Information Memorandum (IM) for this investment, further increasing the returns and lowering the risk:
Key investment highlights include:
- Bank funding has been secured at a much lower cost than assumed in the IM, improving the forecast cash return to 8.4% from 8.0% per annum;
- An additional tenant has taken 430sqm, reducing vacancy to 6.8%; and
- A third pharmacy is vying to occupy the centre.
- Newly developed large format commercial centre;
- 12 tenants, 6.8% vacancy currently in negotiations with a new tenant;
- 8 years average lease term (WALE);
- 2 year rent guarantee from vendor;
- 8.4% 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
- Invitation is to Sophisticated Investors and Professional Investors only.
There has been strong interest the Midland Megaplex with only about 30% left. We encourage you to review the Information Memorandum or contact
Russell Lester to express your interest so as not to miss out.
Please note the purchase and final projections are subject to due diligence.