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.
|Fund||Milton Office Trust|
|Investment type||Single asset, closed-end, unlisted registered property|
|Location||16 Marie Street, Milton, Queensland|
|Distributions||7.50% p.a.* paid monthly in arrears following settlement of the property|
|Asset value||$25.5 million as at 10 August 2018|
|Investment term||The 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.