MPF Diversified Fund No. 2
TARGETING NEW ASSETS – REGISTER INTEREST BELOW
Year 1 projected distributions
Across 5 assets with stable tenants
Asset target size
The MPF Diversified Fund No. 2 has been structured to acquire a diverse portfolio of commercial property including but not limited to industrial, office, small retail centres, large format retail and medical centres.
Following on from the success and demand from investors for investment in the Diversified Trust (No. 1), we are pleased to offer investors an opportunity to participate in our new Fund.
The trust intends to purchase a basket of commercial properties capable of providing secure, long-term income and the potential for future value-add opportunities to drive capital returns.
Features of the trust include:
- Trust will hold an established suite of commercial assets providing reliable income
- Tenant diversification across business sectors and location
- Strong leases
- Assets in major capital or regional cities
- Trust projects initial distributions at 7.5 cents per unit
- Depreciation benefits and tax advantaged income distributed to investors
- Professional managers
- Targeting $60m of assets
- Invest from $50,000
First Asset – Falcon, WA
Purchased off-market, this facility was built in 2012 for retail showroom liquor sales. The premises are located next to the popular Cobblers Tavern and across the road from Miami Plaza Shopping Centre.
The property is currently the only bulk retail liquor sales licence within a 10km radius. It is expected that tightening liquor licence changes will suppress further competition on at least the southern area of Avocet Island. Applications have been rejected on numerous occasions to add a small BWS in the Miami Plaza Shopping Centre.
Liqorland, First Choice Liquor and Vintage Cellars are wholly owned subsidiaries of Coles Group and comprise a national network of 865 liquor stores and 89 hotel. First Choice Liquor is the large format destination retail liquor flagship with 97 stores nationally.
|Address||629 Old Coast Road, Falcon, WA|
|Building Area||1,234 sqm|
|Tenant||First Choice (Wesfarmers)|
Second Asset – Crestmead, QLD
A brand new industrial facility leased to a leading importer wholesaler of solar panels who are part of China’s Golden Concord Group (GCL).
Located in Crestmead the heart of the growth corridor in Brisbane’s Southside. In terms of access, the area enjoys proximity to the Logan and Gateway Motorways. These two main arterials access South East Queensland’s greater metro area, including the Western Corridor, Gold Coast and the Port of Brisbane.
The tenant, One Stop Warehouse are a leading importer of solar panels, inverters and battery systems for the residential and commercial markets. They are one of the largest wholesale suppliers in the Australia market. One Stop Warehouse has warehouses in five capital cities and this property in Crestmead will serve as their national headquarters. One Stop Warehouse was recently brought out by 51% ownership to GCL System Integration (GCL-SI). They feature on the Shenzhen Stock Exchange with a market capitalisation of $4.86B (AUD) at 10 July 2018.
|Address||55 Rai Drive, Crestmead, QLD|
|Building Area||3,573 sqm|
|Tenant||One World (Part of the GCL Group)|
Third Asset – Virginia, QLD
This leased investment is wholly occupied by specialised medical equipment manufacturer Aim Lab Automation Technologies. The tenant has been in occupation from 2014 and have just renewed for a brand new 6 x 6 year lease until late July 2024.
This modern tilt panel building contains a high office and medical laboratory component, with high bay warehousing at the rear. The property affords two street frontage and access from both Bilsen Road and Lisgar Street.
Aim Labs manufacture specialised equipment that assist industrial, environmental and pathology centres with over 10,000 installations across the globe. They are recognised internationally as an innovator in the field of laboratory automation and have forecast growth that is expected to see them doubling their production in the coming years from this location.
|Address||15 Lisgar Street, Virginia, QLD|
|Land Area||3,291 sqm|
|Building Area||2,818 sqm|
|Tenant||Aim Lab Automation Technologies|
Fourth Asset – Welshpool, WA
The property is a modern self-contained industrial building in a good location in the highly regarded Welshpool industrial zone with close access to the Roe and Tonkin Highway arterial roads. The premises are leased to Capital S.M.A.R.T. Repairs who made extensive modifications of circa $500k to the premises to suit their workflow and systems in 2015.
The business operates well from this location and have indicated a preference to remain for the long term. The business is owned by Suncorp and specialises in low to medium collision damage repairs to vehicles. There are 40 plus of these centres in Australia and operate as very professional centres that are immaculately presented. The tenant undertook a specialist fitout in late 2015 when they occupied the premises which included extraction equipment and upgrades to the plant and fitout. We believe that they are highly likely to renew the lease at expiry in 2021.
An independent valuation has been undertaken on behalf of the MPF Diversified Fund 2 at $4.65million in 2019.
|Address||12 Thorpe Close, Welshpool, WA|
|Land Area||5,494 sqm|
|Building Area||3,085 sqm|
|Tenant||Capital S.M.A.R.T Repairs|
Fifth Asset – Henderson, WA
This modern office/warehouse facility is located in the Australian Marine Complex in Henderson. The property was constructed for the current tenant and is of generous specification including fully sprinklered warehouse and full clear span truss heights above 8m. The built ratio to land is only 32% offering planned potential for future expansion of the warehouse.
The premises overall are smartly presented and are fully occupied by SINWA as their Australian HQ. SINWA is a leading marine, offshore supply and logistics group. SINWA supply many of the major mining, oil and gas companies based offshore with all marine requirements. The property is used as both the logistics office and storage and distribution warehousing, including a cold store for food provisions. The lease terms require the tenant to fully maintain the premises including any capital replacement of the cold store plant and equipment.
|Address||39 Jessie Lee Street, Henderson, WA|
|Land Area||11,541 sqm|
|Building Area||3,673 sqm|
Sixth Asset – Pooraka, AA
The asset comprises of a single level office accommodation at the front, and warehouse with 2 new 10T and 2 x 5T gantry cranes behind. The building was constructed in approximately 1999, and the tenant has replaced all skylight fibreglass sheeting on the roof., adding to the overall good condition of its presentation.
The property is located in the suburb of Pooraka, approximately 11km north of the Adelaide CBD and 10km east of Le Fevre Peninsula and Osborne Naval Shipbuilding Precinct.
More specifically, it is located on the corner of Williams Circuit and Diagonal Road, and benefits from its prominent location, two street frontages which provide multiple access points, and has significant bitumen parking available.
The property was originally leased to Interlloy Pty Ltd in February 2012; Interlloy is Australia’s lead supplier of engineering steels and alloys to engineering machine shops both nationally and internationally and has become the major supplier of special steels to the general and heavy engineering industries, toolmaking, mining, gas & oil fields, automotive, manufacturing, petrochemical, pump, power generation and transport industries.
|Address||1 Williams Circuit, Pooraka SA 5095|
|Land Area||10,320 sqm|
|Building Area||4,385 sqm|
|Tenant||Interlloy Pty Ltd|