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McGregor HomeCentre & Newcastle Industrial acquired for new REIT

Mayfield NSW &, McGregor Qld

Homemaker Centre & Warehouses Qld & NSW

Description

McGregor HomeCentre & Newcastle Industrial acquired for new REIT

This trust closed in March 2021

These 3 industrial property holdings were acquired to provide investors with reliable income & growth over the term of each of the investments. Wholesale Investors were able to access the investment for mulitples of $100,000 each.

The first two warehouse properties were acquired in Mayfield West, near Newcastle CBD.  They are both located in Newcastle’s prime industrial precinct. The third property was a large-format retail centre located at 555 Kessels Road, McGregor.  Investor’s acted quickly and the trust was wrapped up before the official closing date.

The quick snapshot of the Mayfield freehold and leasehold details were

Two industrial warehouse, both with a total Net Lettable Area of 4598 m2 approx. including mezzanine of 1000 sqm.

Land Area: 14230 sqm approx.

Lease term: 7 years

Initial yield: 6.2% pa

Current Base Rent: $612,500

Purchase Price: $9.92 M

REIT Type: Wholesale

Date: March 2021

McGregor Home Centre

Land Area: 29100 sqm approx.

Building Area: 12355 sqm

WALE : 5.9 years

Initial yield: 6.0% pa

Current Base Rent: $2.6m approx

Purchase Price: $42.15 M

REIT Type: Wholesale

Date: March 2021

Further details are available from Rob Stanley-Turner 0418 98 2000 or rob@boxcom.com.au

Disclaimer:

All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.

 

Location

Tags

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Agent Details

Robert Stanley-Turner

Director

Location

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