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Yarraville

14 Thomas Street, Yarraville NSW

Equity syndication

Property redevelopment to deliver a self storage facility and 4 industrial warehouses

Acquisition date: February 2017

Purchase price: $2.4 million

Target Investor return: 2x equity invested over 5 year investment term

Investment partner: Trumen Corporation Pty Ltd

Overview

Located in the City of Maribyrnong, which is the smallest (only 31 square kilometres) and most densely populated municipality in the metropolitan area of Melbourne, the property comprises 5,100m2 of net lettable area.

Investment Strategy

The strategy for the investment is to redevelop the property to deliver a self-storage facility to be managed by Storage King, as well as 4 industrial warehouse units (which will be sold when completed).

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