Dual Government-Anchored Offices
Emu Bay Tas Office Unit Trust
-
“Dual Government-Anchored Offices” –
Emu Bay Tas Office Unit Trust
-
39-41 Alexander Street, Burnie, Tasmania; and
54-56 Mount Street, Burnie, Tasmania.
-
4,688m2 net lettable area;
NABERS Ratings of 4.5 Stars (39-41 Alexander Street) and 5.5 Stars (54-56 Mount Street); and
Located in central administrative and commercial district.
-
Acquisition in September 2024 for $11,750,000 (excl. GST) total.
10.24% net passing yield on total fully leased income.
-
$4,935,000 (based on 42.00% LVR).
Forecast Average Interest Rate - 6.04% p.a. in Year 1.
-
Forecast distributions (paid monthly):
10.00% p.a. in Year 1 (annualised);
10.00% p.a. in Year 2.
