Milton Office Trust

The Milton Office Trust, is designed to provide investors with consistent income, potential for long-term capital growth, and an opportunity to diversify investment portfolios.

This unlisted property trust has been established to acquire a modern six-storey commercial office building at 16 Marie Street, Milton, a near-city suburb approximately 2km from the Brisbane CBD. The property’s income is derived from a diversified list of tenants providing quality covenants.

Investment overview

FundMilton Office Trust
Investment typeSingle asset, closed-end, unlisted registered property
Location16 Marie Street, Milton, Queensland
Distributions7.50% p.a.* paid monthly in arrears following settlement of the property
Asset value$25.5 million as at 10 August 2018
Investment termThe expected initial term is 6 years from Settlement Date with the possibility of extension to no more than 10 years.

The property was constructed in 2009 and is a modern commercial office building. Its 3,902 square metres of net lettable area is spread over five storeys plus basement and the income produced by the property is derived from a diversified tenant base.

Featuring a modern and flexible design, the property is suitable for single, and multi-tenanted offices. It has approximately 28 metres of street frontage. Tenants benefit from 33 on-site parking bays and excellent connectivity to major roads, bike paths and public transport modes.

While the property is located a close distance from the Brisbane river, it benefits from an elevated position and was fortunate not to flood during 2011 and 2013.

*Net distribution rate paid to investors for the previous month ended. Please note, past performance is not a reliable indicator of future performance.

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