62 Axis Place and 22-44 Howleys Road
Larapinta and Notting Hill, QLD and VIC
Building Type / Sector: Industrial
Aquisition Date: June 2015
Purchase Price: $11.975m
Investor Return: Distributions of 8.0% per annum with some additional earnings being set aside to deal with any possible future re-letting expenses
Two modern industrial properties in sought after locations, securely leased to corporate tenants.
At purchase, the syndicate had a WALE of 3.5 years, with syndicate cash earnings over the initial three years projected to be 10.3% per annum.