Bayleys Syndication and Investment Products - Previous Offers
Sherbrooke Road, Willawong
Offer Open date: 23 September 2015
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
373 Sherbrooke Road, Willawong, is a modern industrial property located in Brisbane built in June 2015. The property has an 8 year lease from 16 June 2015 to Akzo Nobel Pty Ltd, a 100% subsidiary of the Akzo Nobel global paint and coatings group whose major brands include Dulux, Sikkens and International. The lease provides for rights of renewal until 15 June 2033 and annual rental growth with the rent reviewed to the greater of CPI (Brisbane) or 3.50% pa from the previous year’s rental for the first 8 year term of the lease.
Augusta established an Australian limited liability partnership (LLP) which acquired the property. The opportunity offered 135 proportionate interests for A$50,000, a total raise of A$6,750,000. The projected pre-tax cash return for the partnership was 8.14% for the first full year ending 30 June 2017.
Details of how the return is calculated and the risks associated with the investment are set out in the original Investment Statement.
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Before deciding whether to invest in any financial products available through Bayleys Real Estate Limited, you should obtain independent financial advice that takes account of your personal financial goals and circumstances.
Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available here. No person including Bayleys Real Estate, our Financial Advisers (selling agents), or the manager of the scheme, guarantees or promises any return to investors.
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