This is an Invitation to apply for Units in the Wendouree Trust, which intends to acquire the Property located at 101 Learmonth Road, Wendouree (Property) for the purpose of deriving rental income.

Investment Highlights

• High-quality, well-located medical, services and retail centre in Ballarat, Victoria;
• Excellent exposure to high volume passing traffic in established and growing trade precinct;
• 11,596 sqm of Net Lettable Area and 404 car parking bays on 39,390 sqm of freehold land;
• 10 tenants, 45% government, 31% health services, 99.6% leased, 4.92 years average lease term;
• Purchase price below replacement cost;
• Potential further development opportunities;
• 5 year investment term;
• 4%pa forecast average cash return paid quarterly;
• 4% forecast Internal Rate of Return (IRR);
• Non-recourse debt up to 55% of the Property’s initial valuation;
• Potential tax benefits (refer section 8);
• Lester Group will invest $1 million;
• Trust structure suitable for qualifying superannuation funds;
• This Invitation is to Sophisticated Investors and Wholesale Investors only.