Current Opportunities - The Lester Group

Investment Opportunities

The Lester Group believe it is important to build a diverse portfolio of properties to protect and grow value in all economic environments. This means buying well and taking advantage of opportunities when they arise. We constantly search for properties in different market segments that meet our stringent investment criteria.

To ensure you don’t miss out on current investment opportunities, registration of interest form.

Butler LFR Trust

The property – located in Butler, Western Australia.

Investment Highlights

Large format retail (LFR) centre currently under construction, completion mid 2022;
Well located in Perth’s northern urban growth corridor;
Two year rental guarantee commencing once construction complete;
9 tenants secured, additional in negotiations;
5 years average lease term;
~3.0% first year cash return;
7.25% plus average cash return for years 2-8;
8 year investment term;
Non-recourse debt, up to 60% of the Property’s initial ‘on completion’ valuation;
Lester Group will invest a minimum of $1 million.
Register your interest.

Rockingham LFR Trust

The property – located in Rockingham, Western Australia

Investment Highlights

Newly constructed large format retail centre;
10 tenants, 2.99% vacancy;
8 years average lease term (WALE);
12 months Vendor’s rental guarantee on vacant tenancies;
7.3% average annual cash return;
7 year investment term;
Non-recourse debt, up to 55% of the Property’s initial valuation;
Lester Group will invest a minimum of $1 million;

Midland Megaplex

The property – located at 7 Clayton Road, Bellevue WA.

Investment Highlights

Newly developed large format retail centre;
12 tenants, 93.4% occupied;
7.9 years average lease term (WALE);
2 year rent guarantee from vendor on proposed pharmacy tenancy
1 year rent guarantee from vendor on all other vacancies;
8.2% average annual cash return;
8 year investment term;
A new Bunnings Warehouse is currently being developed across the road;
Non-recourse debt, up to 55% of the Property’s initial valuation;
Lester Group will invest at least $1 million.

The Lytton Trust

The Property – located at 108 Freight St, Lytton QLD

Investment Highlights

High quality, well located Property;
6 year lease term;
The lessee is a subsidiary of an ASX listed company;
29% average annual cash return;
10 year investment term;
Non-recourse debt, up to 50% of the Property’s initial valuation;
Lester Group will invest a minimum of $1 million.

Lester Indistrial Fund

Comprising 2 properties located at – 883 Abernathy Road, Forrestfield, WA and 2 Discovery Drive, Bibra Lake, WA

Investment Highlights

Two high quality, well located industrial Properties;
Purchased below replacement cost;
100% leased for 5 & 10 years respectively;
Bank guarantees from both tenants;
8% average annual cash return;
6 year investment term;
Non-recourse debt, up to 55% of the Properties initial valuations;
Lester Group will invest at least $1 million.

The Ashby Trust

The property – located at 7 Ashby Place, Forrestfield, WA

Investment Highlights

High quality, well located Property;
Office/warehouse/transport depot constructed in 2014;
6 year lease term remaining, expiring 28 April 2024, plus an 8 year option;
100% leased to ASCO Transport & Logistics Pty Ltd;
Lease guaranteed by parent company (ASCO Holdings Limited);
8% average annual cash return;
8 year investment term;
Non-recourse debt, up to 55% of the Property’s initial valuation;
Lester Group will invest at least $1 million.

The Waterloo Trust

The property – located at 12 Waterloo Rd, Macquarie Park, NSW

Investment Highlights

8.9% pa initial cash yield;
8.0% pa average cash yield;
Approximately 10% pa Internal Rate of Return (IRR);
The purchase price is below the Property’s replacement cost;
6 year investment term;
Lester Group will maintain an investment of at least $1 million;
Non-recourse debt, up to 55% of the Property’s valuation;

2015 Diversified Property Fund

Comprising 2 properties, one in Ingleburn 48kms south west of the Sydney CBD and the other at Wetherill Park, 35kms due west of the Sydney CBD.

Investment Highlights

A targeted average cash return of at least 9% per annum;
A targeted Internal Rate of Return of at least 10% per annum;
The purchase prices are below the Property’s replacement costs;
5 year investment term;
Lester Group will maintain an investment of at least $2 million;
Simple unit trust structure suitable for qualifying superannuation funds;
Non-recourse debt, conservatively geared.

324 St Kilda Road Unit Trust

Located at 324 St Kilda Road

Investment Highlights

10.03% average cash return per annum;
12.57% average total return per annum;
6 year investment term;
Strong lease covenant – Wesfarmers & Target;
3.57 year Weighted Average Lease Expiry (WALE). Includes Vendor rental guarantee;
Vendor guarantees against any vacancy for 12 months from settlement;
Excellent location, within 1.5 kilometres from the Melbourne CBD;
Lester Group will invest at least $1 million;
Non-recourse debt of approximately 55% loan to purchase price ratio.

181 Great Eastern Highway Unit Trust

The Property located at 181 Great Eastern Highway

Investment Highlights

10.3% average income return per annum
12.58% average total return per annum
6 year investment term
Feasibility rental income projections based on contracted amounts only
Opportunity to acquire a prominent office building in the tightly held Belmont location
Major tenant, NRW Holdings Ltd (ASX listed with approx. $650 million market capitalisation)
6 years until lease expiry plus a 5 year option
Excellent location, equal in distance between Perth CBD and the airport
Large land area, two titles
Significant development potential, excess plot ratio exists

Lester Group will invest at least $1 million.

The Eyre St Unit Trust

The property location – 1 Eyre St, Rivervale, WA

Investment Highlights

Forecast average combined income and capital return on equity (3.5 years) 15.55%pa.
The property is a high yielding income investments (Passing yield 8.74%). Notwithstanding, it is substantially under-rented with significant medium term reversionary income upside.
Purchase price reflects land value however the property includes significant quality improvements totalling a site cover of 54% (excluding the car park).
Tyco Ltd, the parent company are listed on the New York Stock Exchange, with a market capitalization of over US $22 billion. The tenant has a long standing association with the property having occupied the premise for 14 years.

The 2 Bagot Road Unit Trust

Located at 2 Bagot Road, Subiaco, WA

Forecast average income return on equity (10 years) – option 1 – 9.71% pa; option 2 – 8.91% pa
Opportunity to acquire a prominent office building in the tightly held West Perth/Subiaco location.
Substantially under-rented with short term reversionary income upside;
The Lester Group intends to maintain a minimum 20% shareholding in the Syndicate throughout the life of the project.