In these challenging times, it is imperative that any property investment has a secure income stream and a long lease term. Cappella believes the Property being acquired by the Cappella Gow Street Trust has these characteristics including a 12 year Triple Net Lease and a bank guarantee of $3.75 million. Further, the Property is being acquired at a price that reflects today’s market value, which has been assessed independently by Knight Frank Valuations.
The Property provides 25,980m2 of warehouse, manufacturing and a small component of office accommodation, in three buildings. The Property is located in the Sydney suburb of Padstow, a well-located existing industrial suburb situated along the M5 motorway providing convenient access to the airport, Port Botany and the Sydney CBD. The Property is leased to Gerard Lighting Pty Ltd, a multinational Australian business that is Australia’s largest lighting manufacturer and distributor.
The Trust Features:
- 9.75%pa forecast distribution yield in the period to 30 June 2010
- Approximate 6 year investment term
- 45% gearing ratio
- Experienced management
Cappella's principals have been involved in managing both listed and unlisted property trusts and companies owning over 100 properties with a total value in excess of NZ$1.3 billion for over 10,000 investors.
$1.00 per unit
|Expected Close Date:|
10th July 2009
|Forecast Distribution Yield:|
InvestSMART will rebate 100% of the 1.6% distribution fee via cheque after the offer closes. There are no trailing commissions on this product.
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