3 – 9 Enterprise Way, Rockingham is located on the north-eastern corner of Enterprise Way and Merchant Drive Rockingham, approximately 1.8 kilometres north east of the Rockingham City Centre.
Rockingham is located approximately 40 kilometres south west of the Perth Central Business District.
Key property features include:
• Large corner site.
• Modern Large Format Retail Improvements.
• The main tenants at the time of purchase included The Good Guys, Fantastic Furniture and BCF.
• The population of the catchment area is estimated to be over 47,000 people within a 5 kilometre radius and a projected population of 57,000 by 2015.
• There property is located with an established Large Format retail precinct.
Key Features of the Syndicate
This Property Trust was formed as a single property unit trust structure. Key features of the Trust being:
- Long Term Investment – The Syndicate was formed as a long term property investment and has by agreement been extended beyond its initial term.
- Value Add Opportunity – This investment was not viewed as a passive property investment. We acquired the asset as an opportunistic purchase with some risk, but inherent with that risk was the potential for upside growth and superior rental returns through the life of the investment.
- Estimated Returns – returns have exceeded our initial estimates of 10% per annum.
Return of Capital – When the Property is ultimately sold all loans and costs (including selling expenses) will be paid out and any surplus funds then distributed to investors.
