- Jan 2020
- $18.09 million
- 10% p.a.
The property is located in the tightly held Northern Beaches industrial precinct, 23km from the CBD. With a gross lettable area of 4,941sqm sitting on a 15,800sqm landholding, the building is multi-tenanted on long leases.
The property presents as a modern and multi-let industrial facility located in the tightly held and land constrained Northern Beaches industrial market in Sydney. The Trust is being established to provide investors with a stable initial cash distribution of 7.25% p.a. (paid quarterly and post fees) and forecast to grow over the term of the trust with potential for capital growth through multiple exit strategies.
“This acquisition offers EG’s client’s ownership in a new wholesale investment vehicle providing initial distributions in excess of 7.25%, with potential for capital growth from a high-quality industrial investment located in the heavily land constrained Northern Beaches industrial market”