A converted industrial building in inner city Beaconsfield (NSW) hosting an office and childcare centre has sold for $21m.The property at 20 William Street was developed by the Milligan Group and recently offered to the market by JLL and acquired by Peak Equities for a wholesale trust offer.The property comprises a;A ground level commercial premises with an area of 644.25 square metres.A mezzanine commercial premises with an area of 445 square metres.A 101 place child care centre at Level 1, leased to the Green Elephant Early Learning Centre for 17 years.Whilst the office space is currently vacant the property is expected to generate $1,316,767pa in net income, reflecting a 6.3% yield on the acquisition price. Milligan Group offered a 5 year rental guarantee on the office tenancy, taking the properties WALE to 9.7 yrs.Peak Equities, a Melbourne based property syndicator, have established a single asset fixed term wholesale unit trust for the asset. The Trust offered a distribution yield of 7.8% and an internal rate of return (IRR) exceeding 12% over a 6-8 year period.William StreetPrevious ArticleNext Article
The property at 20 William Street was developed by the Milligan Group and recently offered to the market by JLL and acquired by Peak Equities for a wholesale trust offer.The property comprises a;A ground level commercial premises with an area of 644.25 square metres.A mezzanine commercial premises with an area of 445 square metres.A 101 place child care centre at Level 1, leased to the Green Elephant Early Learning Centre for 17 years.Whilst the office space is currently vacant the property is expected to generate $1,316,767pa in net income, reflecting a 6.3% yield on the acquisition price. Milligan Group offered a 5 year rental guarantee on the office tenancy, taking the properties WALE to 9.7 yrs.Peak Equities, a Melbourne based property syndicator, have established a single asset fixed term wholesale unit trust for the asset. The Trust offered a distribution yield of 7.8% and an internal rate of return (IRR) exceeding 12% over a 6-8 year period.William StreetPrevious ArticleNext Article
The property comprises a;A ground level commercial premises with an area of 644.25 square metres.A mezzanine commercial premises with an area of 445 square metres.A 101 place child care centre at Level 1, leased to the Green Elephant Early Learning Centre for 17 years.Whilst the office space is currently vacant the property is expected to generate $1,316,767pa in net income, reflecting a 6.3% yield on the acquisition price. Milligan Group offered a 5 year rental guarantee on the office tenancy, taking the properties WALE to 9.7 yrs.Peak Equities, a Melbourne based property syndicator, have established a single asset fixed term wholesale unit trust for the asset. The Trust offered a distribution yield of 7.8% and an internal rate of return (IRR) exceeding 12% over a 6-8 year period.William StreetPrevious ArticleNext Article
Whilst the office space is currently vacant the property is expected to generate $1,316,767pa in net income, reflecting a 6.3% yield on the acquisition price. Milligan Group offered a 5 year rental guarantee on the office tenancy, taking the properties WALE to 9.7 yrs.Peak Equities, a Melbourne based property syndicator, have established a single asset fixed term wholesale unit trust for the asset. The Trust offered a distribution yield of 7.8% and an internal rate of return (IRR) exceeding 12% over a 6-8 year period.William StreetPrevious ArticleNext Article
Peak Equities, a Melbourne based property syndicator, have established a single asset fixed term wholesale unit trust for the asset. The Trust offered a distribution yield of 7.8% and an internal rate of return (IRR) exceeding 12% over a 6-8 year period.William StreetPrevious ArticleNext Article
