Capital City Multi-Tenanted Office Portfolio

“Capital City Multi-Tenanted Office Portfolio” –
18 South - Logistics Unit Trust
6,437m2 of total gross floor area.
35 Miles Platting Rd, Eight Mile Plains:
— 2,046m2 net lettable area;
— 57 car parks;
— 100kW solar system; and
— elevator access.
190 Stirling St, Perth:
— 2,796m2 net lettable area;
— three-street access;
— 36 car parks; and
— elevator access.
35 Miles Platting Rd, Eight Mile Plains, Queensland; and
190 Stirling St, Perth, Western Australia.
Acquired March/April 2023 for $25,550,000 (excl. GST).
7.80% Net Passing Yield on Purchase Price.
$12,775,000 (based on 50.00% LVR).
Variable – Non-Recourse.
Forecast distributions (paid monthly):
— Year 1 (2 March 2023 - 30 June 2023): 7.00% p.a. (annualised); and
— Year 2 (1 July 2023 – 30 June 2024): 7.00% p.a.