McDowell Street

This is an Invitation to apply for Units in the McDowell Trust (Trust), which intends to acquire the Property located at 111-121 McDowell Street, Welshpool, Western Australia, develop the Property to its highest and best use, and then look to sell the Property for a profit to be distributed to the Unitholders.

Investment Highlights
· 3.8 hectares of well-located land in Perth’s primary industrial precinct of Welshpool, WA;
· Excellent access to Orrong and Welshpool Roads, as well as Leach, Roe and Tonkin Highways;
· 18 month lease to Hitachi, providing stable income whilst planning the development;
· Proposal to develop a new warehouse/distribution centre to maximise the Property’s value;
· 2.7 year investment term targeted;
· 15% Internal Rate of Return per annum targeted;
· Development is intended following securing a pre-commitment to lease;
· Non-recourse debt, up to 55% of the Property’s ‘on completion’ valuation;
· Lester Group will invest a minimum of $1 million;
· Simple unit trust structure suitable for qualifying superannuation funds;
· This Invitation is to Sophisticated Investors and Professional Investors only.

Industrial, Opportunities

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The Lester Group has been sustainably growing the wealth of its investors since 1995. They are known for being diligent, disciplined and responsible for the consistent delivery of value with an objective of maximising returns for investors.