Noosa Civic Property Trust
Investment Status: Fund Open
Fund Type: Unlisted Property Trust
Asset Class: Retail and Business Centre
Underlying Asset: Noosa Civic Shopping Centre
Leased to: Woolworths, Big W + specialty shops
Location: Noosaville, QLD
Capital Raising: $95,000,000 approx.
Targeted Income: 7.00% to 7.50% p.a. average cash returns over the term
Targeted Performance: 11 - 12% Total Returns and potential development upside 15 - 16% Total Returns
Investment Term: 7-10 years
The Trust will provide Investors with the opportunity to invest alongside Stockwell which has over 65 years experience in asset management, development and investments. Further benefits include:
Stockwell will own Units in the Trust, which will align the interests of the Development Manager, Stockwell Development Group Pty Ltd, with those of other Investors;
The Noosa Civic Property Trust will acquire Noosa Civic, a property comprising of the existing income producing retail and commercial components and approximately 8.0 hectares of future expansion land.
The Property offers security of income through Woolworths and Big W as an anchor tenants with 13.1 years and 8.1 years respectively, both carry 2 x10 year options;
Woolworths and Big W trade, respectively, at 30% and 18% above benchmark rates per square metre.
Located in Noosa approximately 1hr 45 mins drive north of Brisbane and 25 minutes from The Sunshine Coast airport.