BSP Commercial Trust No 4
Investment Overview
BSP Commercial Trust No 4 was established in 2019. The trust was formed with the intention of purchasing a number of income producing commercial properties that would be held for income and potential capital growth.
Properties owned by the Trust
Since its inception, the Trust has acquired the following assets:
- Kwinana Local Tavern. Purchased 31 January 2020 and located at 1 Robbos Way, Kwinana Town Centre. This property enjoys substantial frontage to Chisham Avenue and comprises a tavern and a bottle shop.
- Canna Vale Early Learning Centre. Purchased 3 December 2020, this property was improved with an early learning centre leased National Operator. The site has been further developed by the addition of a Restaurant/Café in 2025.
- Lesmurdie Village Shopping Centre. Purchased 1 July 2021, this property was acquired for its income and as an opportunity to provide above average capital growth through renovation and improvement.
- Hilbert Child Care Centre. Purchased in July 2025, this property is leased on a long term basis to a noted Child Care operator.
Income Security & Diversification
- Multi-Property – Multi Tenant structure: The Trust benefits form a diverse range of commercial property, purchased over a 5-6 year period and with a variety of tenants all contribution to the income stream.
- Quality covenant strength: Tenants include established operators and national brands.
- Sector Diversification: The portfolio spans hospitality, childcare and retail sectors, reducing concentration risk and providing exposure to differ economic drivers.
- Geographic Concentration: All properties are located in western Australia, allowing for efficient management and local market expertise.
Performance Track Record
- Reliable income stream: Consistent performance since inception
- Capital value Increase: Capital value upside has been driven by further development of the land at 161 Canna drive, Cannign Vale and rental growth.
- Future Value Enhancement: Further development and renovation of the Lesmurdie Shopping Centre is currently occurring including the development of a 96 place Child Care facility. These works are expected to add considerable capital value growth on competition.
If you have any questions, feel free to email us at admin@sullivanproperty.net.au
