Hay Street Trust, which intends to acquire the Property located at 541 Hay Street, Subiaco, Western Australia (Property) for the purpose of deriving rental income.

Investment Highlights

• High-quality, well-located office property in Subiaco, 15 minutes from Perth’s CBD;
• Excellent exposure to the prominent intersection of Hay Street, Roberts and Railway Roads;
• 2,749 sqm of Net Lettable Area and 57 car parking bays on 1,731 sqm of freehold land;
• Amana Living’s head office occupying 77% of the building with 2 to 7 years lease term remaining*;
• 3 tenants, 100% leased, 4.0 year Weighted Average Lease Expiry* (WALE);
• Purchase price below replacement cost;
• Counter-cyclical acquisition;
• 4%pa forecast average cash return paid quarterly;
• 1% forecast Internal Rate of Return (IRR);
• 8 year investment term;
• Lester Group will invest $1 million;
• Trust structure suitable for qualifying superannuation funds;
• This Invitation is to Sophisticated Investors and Wholesale Investors only.