QI Value Add Income Trust No. 1
| Property | Net Lettable Area | Land Area | Purchase Price | Purchase Date |
|---|---|---|---|---|
| 4 Reid Promenade, Joondalup | 801sqm | 1,475sqm | $4,300,000 | November 2019 |
Role
Asset & Trustee Manager
Description
- Targeting average distributions of 8.0% per annum over the Trust term.
- Highly valuable, extremely rare nightclub liquor licence permitting trade until 5am – the only one in Joondalup
- Five-year initial Trust Term
- 15-year lease at acquisition to long-standing, experienced tenant
- Core City centre location in the heart of Joondalup
- Activity Centre zoning with no maximum height or plot ratio
- Future value add opportunity to claw back underutilised land area for office/medical development
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