Belrose Investment Trust

Returns in excess of 27% p.a. on multi-let industrial facility

22 Narabang Way, Belrose, NSW

  • Jan 2020

    Date Acquired

  • $18.09 million

    Purchase Price

  • May 2022

    Date Sold

  • $26 million

    Sale Price

  • +27%

    Total Return p.a.

The property is located in the tightly held Northern Beaches industrial precinct of Belrose, 23km from the CBD. With a gross lettable area of 4,941sqm sitting on a 15,800sqm landholding, the building is multi-tenanted with a WALE of 1.24 years (at acquisition).

The property presents as a modern and multi-let industrial facility located in the tightly held and land constrained Northern Beaches in Sydney. The Trust was 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 with potential for capital growth through multiple exit strategies. The forecast total return at acquisition was 11% p.a.

EG has realised returns for our Private Wealth investors in excess of 27% p.a. with the sale of 22 Narabang Way, Belrose, over a 2.5-year hold period.

During the term, investors received cash distributions of 8.6% p.a. on average and $0.31 in the dollar investment in capital return.

"Securing this strong return for our investors is an example of what’s possible when data-driven investing strategy meets comprehensive market risk assessment."

Rodney Walt