Bayleys Funds and Investment Products - Previous Offers
Sherbrooke Road, Willawong
Offer Open date: 23 September 2015
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
373 Sherbrooke Road, Willawong, is a modern industrial property located in Brisbane built in June 2015. The property had an 8 year lease from 16 June 2015 to Akzo Nobel Pty Ltd, a 100% subsidiary of the Akzo Nobel global paint and coatings group whose major brands include Dulux, Sikkens and International. The lease provided for rights of renewal until 15 June 2033 and annual rental growth with the rent reviewed to the greater of CPI (Brisbane) or 3.50% pa from the previous year’s rental for the first 8 year term of the lease.
Augusta (now known as Centuria) established an Australian limited liability partnership (LLP) which acquired the property. The opportunity offered 135 proportionate interests for A$50,000, a total raise of A$6,750,000.
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