QI Value Add Income Trust No. 3
| Property | Net Lettable Area | Land Area | Purchase Price | Purchase Date |
|---|---|---|---|---|
| 110 Erindale Road, Balcatta | 3,856sqm | 6,756sqm | $8,100,000 | August 2023 |
Role
Asset & Trustee Manager
Description
- Targeted average distribution to investors of 7.0% p.a. over the term of the Trust
- Target investor IRR of 12%+ per annum
- Multi-tenanted campus style office complex located in the inner northern Perth mixed-business locality of Balcatta
- Occupied by a mix of professional services firms and NDIS based service businesses
- High profile, significant three fronted site of 6,756sqm with passing traffic of over 27,000 cars per day (source: Main Roads WA)
- Estimated replacement cost of over $19 million (land and buildings)
- Value-add strategy to upgrade building over initial 4-year trust term
- Initial 4-year Trust term with investor option for extension
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