Acure Asset Management Limited

Outback Karratha Unit Trust

• 
  Project: Brand New Outback Travel Centre in Karratha
  with 15 Year Lease
  
  
  
  
  • 
    Facilities include BP Fuel, Upmarket Roadhouse
    with Truckies Lounge, Sho...

Outback Karratha Unit Trust

• Project: Brand New Outback Travel Centre in Karratha with 15 Year Lease
  • Facilities include BP Fuel, Upmarket Roadhouse with Truckies Lounge, Showers, Laundry
  • Upmarket Cafe and Boating, Fishing and Camping store
  • Boat and Truck Wash facility
• Lease Term : Brand New 15 Year Lease to Outback Labour Services
• Purchase Price: $10.45m Settled in May 2015
• Valuation at Purchase: $11.3m
• June 30 2016 Revaluation: $12m
• Forecast Distribution Year 1 payable quarterly: 13.3%
• Forecast Average Distribution over 7 Years: 14.7%
• Projected Internal Rate of Return (IRR): 15.8%
• Syndicate Term: 5 -7 Years

Industrial Trust No.1

• Project: 3 Industrial Properties in Currumbin Waters (QLD) Somerton (VIC) and Naval Base (WA)

• 
  Total Land Area: of 27.94Ha across the 3 locations
  of...

Industrial Trust No.1

• Project: 3 Industrial Properties in Currumbin Waters (QLD) Somerton (VIC) and Naval Base (WA)

• Total Land Area: of 27.94Ha across the 3 locations offering geographic diversification in 1 Syndicate
• Lease Term : Wale of 9 years with leases to Steel Mains Pty Ltd and Viadux Pty Ltd.
• Purchase Price: $60.25m Staggered settlement occurred in July, September and October 2015
• June 30 2016 Revaluation: $63.8m
• Equity Raise: $33m
• Forecast Distribution Year 1 payable quarterly: 9.5%
• Forecast Average Distribution over 5 Years: 10.4%
• Projected Internal Rate of Return (IRR): 11.8%
• Syndicate Term: 5 Years

CrowdfundUP is pleased to present its latest investment opportunity, brought to you by the team at Acure Asset Managment - 'The Village' Shopping Centre, located in Australind, WA.

The Village Australind Shopping Centre and Mardo Commercial Centre is located within the heart of the Australi...

CrowdfundUP is pleased to present its latest investment opportunity, brought to you by the team at Acure Asset Managment - 'The Village' Shopping Centre, located in Australind, WA.

The Village Australind Shopping Centre and Mardo Commercial Centre is located within the heart of the Australind town centre, directly opposite the Leschenault Estuary. The Property is strategically located along the Old Coast Road being approximately 12km north of Bunbury and 160km south of Perth in Western Australia. The Property is situated on a substantial land holding of approximately 3.5 hectares.

The Village Australind Shopping Centre consists of a single level neighbourhood shopping centre and a freestanding Aldi supermarket. The centre offering is predominantly fresh food and convenience based retailers.

Mardo Commercial Centre consists of three separate single level buildings with predominantly restaurant and take away food based retailers and a Liquorland.

The Property is anchored by Coles (lease expiry 2034), Aldi (lease expiry 2031, Aldi has an option to terminate in 2026) and Chemmart Pharmacy (lease expiry 2028) who together contribute to 67% of total net income. In addition to Coles and Aldi, the property has 30 specialty shops and one ATM.

Investment Strategy

The Property currently has a WALE of 10.3 years by area (as at 1/5/2018) and is 91% leased. A rent guarantee over any vacancies is in place for a period of 2 years from the purchase date.

The intention is to actively manage current vacancies and future lease expiries, retain existing tenants where possible and maintain the building to a high standard.

Intention to hold the property for 5 - 7 years to generate investor returns through paying monthly distributions and capital appreciation:

- Purchase price of $39,430,000

- Net Rental of $3,273,822 (fully leased)

- Forecast LVR of 47% Year 1

- LVR Covenant 65%

- ICR Covenant 1.85 times

- Monitor market conditions for opportunity to maximise investor return through sale within 5 -7 years

Targeted Return

The Trust is forecasting the following returns;

- Distribution during the first year of 8.7% from settlement.

- Distribution during the second year of 8.8%.

- Forecast 5 year Internal Rate of Return of (IRR) after performance fees of 10.1%.

- Distributions to be paid monthly from settlement.

Over the 5 year target term of the Trust investor distributions is forecast to be an average of 8.9% p.a.

The ‘Brandsmart One Trust’ offers investors an opportunity to purchase an equity stake in a prime, leased, retail asset located on the ‘Golden Mile’ of Whitehorse Road, Nunawading, Melbourne, Victoria.

The Investment manager, Acure Asset manag...

The ‘Brandsmart One Trust’ offers investors an opportunity to purchase an equity stake in a prime, leased, retail asset located on the ‘Golden Mile’ of Whitehorse Road, Nunawading, Melbourne, Victoria.

The Investment manager, Acure Asset management is a highly experienced team in the category of retail asset acquisition and development. The purchase of the centre has been underwritten in full to ensure certainty of progression to investors.

Brand Smart Premium Outlet Centre is an exciting and innovative destination for customers to shop, eat, drink, experience and come together.

Opened in 1999 and extensively redesigned in 2013, the centre has 9315sqm of Net Lettable Area (“NLA”) as well as parking for 455 cars.

Designed to stimulate and excite the senses, Brand Smart is the premier outlet centre destination in Victoria.

Key Data

• Site Area 25,824 sqm
• Year Built 1999, extended by approx. 1/3 and refurbished in 2013
• NLA Retail: 9,315sqm
• Asset Grade: DFO, Retail
• Number of Car Spaces 455
• Number of Tenants 65
• Occupancy 95% (18 month rental guarantees over 2 vacancies, 2016 expiries and tenants on monthly rents
• WALE 2.7 years (As at 1 July 2016)
• All leases are Gross Leases

Investment Strategy

The property has currently 2 vacancies and has a relatively short WALE partly explained by the fact the centre was expanded and totally redesigned in 2013. The current intention is to actively manage lease expiries to maintain performing retail tenants and invite new branded tenants as and when the opportunity presents itself. The intent is to extend the WALE by offering a mix of 3,5,7 and 10 year leases. Maintain the building to a high standard.

Intention to hold the property for 5 - 7 years to generate investor returns through paying quarterly distributions and capital appreciation.

• Purchase price of $67,000,000
• Commencing Net Rental $5,613,000 (as at 1/7/16)
• Forecast LVR of 50% Year 1
• LVR Covenant 60%
• ICR Covenant 2 times
• Monitor market conditions for opportunity to maximise investor return
• through sale within 5 -7 years

Targeted Return

The Trust is forecasting the following returns;

• Distribution during the first year of 9.1% from settlement.
• Distribution during the second year of 9.4%.
• Forecast 5 year Internal Rate of Return of (IRR) after performance
• Distributions to be paid monthly commencing on or around 20th October 2016.

Over the five year target term of the Trust investor distributions are forecast to be an average of 9.6% p.a.

Full details of the investment opportunity for ‘Brandsmart Trust One’ are available via the ‘Investment Memorandum’ and associated documentation linked here with.