The newly launched Welshpool Property Fund offers a rare chance to invest in a slice of the Welshpool industrial development.
Industrial property in Perth was performing strongly before COVID-19, and the pandemic has only served to bolster what is rapidly shaping up as an undersupplied market. So, wholesale investors will welcome the recent launch by Westbridge Funds Management of its new Welshpool Property Fund, providing access to the highly successful Welshpool estate – one of Perth’s core industrial precincts.
The Welshpool Property Fund comprises a 55,723 square metre site, with 9,930 square metres of gross lettable area, currently fully leased with a robust 4.9-year weighted average lease expiry. Spanning 11 diverse tenancies, the asset is leased to household names such as Kennards Hire, United Petroleum and Bridgestone.
What makes the Welshpool Property Fund particularly compelling is the strong underlying land value of the site. One of Perth’s most centrally located industrial assets, the Welshpool precinct offers significant strategic advantages – situated 11 minutes away from Perth Airport, 8 minutes from Kewdale Intermodal Freight Terminal, and well-serviced by Perth’s burgeoning arterial road network while being surrounded by a large residential catchment.
Maximising value for investors
Westbridge Funds Management has forged a reputation for maximising the value of commercial property assets, and the team behind the Welshpool Property Fund believe the nature of the site provides exciting opportunities for further redevelopment.
Reflecting this, the Fund strategy is to derive income from the existing leases through tenancy retention, while adding value through repositioning work. Near-term, this includes the development of a brand new 3,000 square metre warehouse.
Additional asset enhancement opportunities include increasing lettable area and income, coupled with the potential for further development in the future.
Target 3-year average distribution of 10% p.a.*
The Welshpool Property Fund is a compelling opportunity for wholesale investors, with 87% of income underpinned by national tenants.
Backed by the $38.7 million strategically located asset – and the experience of the Westbridge Funds Management team, the Fund offers investors target distributions of 7.5%* paid monthly in the first year, with a target average distribution of 10% p.a. over the first 3-years*.
The Welshpool Property Fund is a rare and exciting opportunity to invest in a blue-chip asset in an undersupplied industrial property market. The Fund is open exclusively to wholesale investors, with a minimum investment of $100,000. For more information and to register your interest click here.
*Distributions are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. The target return range is a target only, not a forecast and it might not be achieved. Please refer to the IM for more information, noting the section on financial information and risks. Units in this Fund are issued by Mair Property Securities Limited ABN 28091623862. AFS Licence 238386 (Responsible Entity) as a responsible entity of the Westbridge Welshpool Property Fund. Mair Property Funds Limited ACN 151 957 676 t/a Westbridge Asset Management is the investment manager of the Fund (Manager). You can obtain a copy of the IM and application form by calling 08 9321 5566, emailing email@example.com or visiting www.westbridgefunds.com.au.