EMERALD LAKES TRUST
Emerald Lakes Trust is purchasing a neighbourhood office property at 3027 The Boulevard, Carrara in Queensland.
Constructed in 2008, the Property is an A-grade quality 5 level commercial office building comprising 4 levels of high quality office accommodation and ground floor retail and commercial tenancies.
Forecast Investor Returns
|First year annual distribution yield||8.8% (88% tax-deferred)|
|Average annual distributions yield||9.0% (5 years)|
|Forecast Internal Rate of Return (IRR)||10.3% p.a. (5 years, after all fees)|
Top 5 Highlights
1. Attractive tax-deferred income yield, paid monthly
2. Multi-tenanted (incl. retail) delivering secure & diversified income stream with income growth;
– National groups such as the Uniting Church, Oliver Hume and Cardno
3. Strong history of attracting tenants;
4. Well located amongst growing population and close proximity to M1 Motorway to Brisbane;
5. Queensland, in particular the Gold Coast, is experiencing strong net migration as a result of its relative success in containing the spread of COVID-19 and significant budgeted infrastructure expenditure.
ABOUT THE PROPERTY
- 4,829sqm NLA over 5 levels of modern office space
- A-Grade Quality office (built in 2008)
- 4.0 star NABERS energy rating
- Occupancy of 86%
- WALE of 2.7 yrs (by income including vendor rental guarantee)
- Purchase Price $21.5 million, representing a fully leased yield of 9.0%