MPF Banksia Grove Property Fund

CLOSED FULLY – SUBSCRIBED

Brand New Commercial Service Centre

7.5%

p.a. monthly distributions*

12 year WALE

with national tenants

High Tax Benefits

tax-deferred benefits due to new build

Income Security:
• Fully leased with 12 year WALE
• National tenants include Repco, Pet-barn, 7-Eleven, Chicken Treat

Strategic Resilience:
• Diverse tenancy mix across childcare services, F&B, service, retail and more.
• Adjacent to Woolworths, Coles and Aldi
• Limited competition from commercial zoning

Strong Growth:
• Prime growth area
• Strategically located in the commercial and retail hub

Strategically located in the town centre of a growing suburb designed as an integrated master-planned community, the new commercial service centre has attracted both national and established tenants across a mix of categories such as Repco, PetBarn, 7-Eleven, Chicken Treat, Mercy Care and more. This diverse mix of sectors is expected to offer greater resilience and income security over the longer term.

The commercial service centre is located on the prime corner at the intersection of Joseph Banks Blvd and Joondalup Drive, a major arterial road through the area, connecting Banksia Grove with the Joondalup CBD (just 6km away), giving easy access to 17,000 vehicles passing by the site each day.

With convenient vehicle access points on three sides of the site and two entrance points from the main road, the commercial centre will also attract customers from the adjacent Woolworths, Coles and Aldi.

The Banksia Grove town centre is expected to be strengthened as a vibrant commercial, employment and entertainment hub, establishing itself as a key landmark in the area, and further boosting the population growth of the suburb.

*projected distributions

This investment opportunity is now fully-subscribed.

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Banksia Grove Commercial Service Centre

The commercial service centre comprises, five separate buildings accommodating a 7-Eleven service station, 3 showrooms, a 100 place childcare centre operated by a proven operator, 2 restaurants, a drive-through coffee outlet and a drive-through Chicken Treat.

Key features
Address Corner Joondalup Dr & Joseph Banks Blvd
Land Area 1.31 ha
Gross Lettable Area  3,400 sqm
Occupancy  100% leased
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