MPF Retail Fund
Second asset – Fund Fully Subscribed
7.5%
p.a. distributions paid quarterly*
IGA, ALDI, BWS, McDonalds,
and strong tenancy mix in assets
5.8yrs WALE
with excellent growth potential
First Asset – Murrumba Downs, QLD
A large neighbourhood retail centre comprising three separate buildings, including a freestanding McDonald’s Restaurant, a main Centre incorporating IGA, BWS, a medical practice and other specialties and a smaller building with several restaurant offerings. The premises are all on a single title including 115 parking spaces.
| Key features | |||
|---|---|---|---|
| Address | 264 Dohles Rocks Road, Murrumba Downs, QLD | ||
| Land Area | 9,733 sqm | ||
| Building Area | 2,773 sqm | ||
| Key Tenants | IGA, McDonalds, Medical and others |
Second Asset – Wattle Grove, WA
Wattle Grove Shopping Centre is located 13km from Perth CBD, in close proximity to Perth Airport. The centre is a newly constructed shopping centre anchored by the first ALDI built in WA. The bustling centre benefits from a growing local area, with approximately 17,500 vehicles passing by the site per day. Existing tenants have cited strong trade and there is strong potential to enhance this further through small adjustments to the tenancy mix over time.
Further benefits are the absence of an internal mall (limiting outgoing costs for tenants/landlord), and the property’s design, which allows for convenient access to specialties direct from the car park as well as the benefit of an undercover canopy and surrounding reserve.
| Key features | |||
|---|---|---|---|
| Address | 338 Hale Road, Wattle Grove, WA | ||
| Land Area | 6,950 sqm | ||
| Building Area | 3,103 sqm | ||
| Tenant | ALDI plus 13 other tenants |