OUTBACK KARRATHA UNIT TRUST

[FULLY SUBSCRIBED]

The Outback Karratha Unit Trust was established to acquire a 45% interest in the OTC Karratha Unit Trust which owns the newly developed Outback Travel Centre located in Karratha in the Northwest of Western Australia.

The vendor retained a 55% interest in the property.

Investment Highlights

Purchase Valuation Newman and Carnarvon - $10.834m

Equity Raising to purchase 45% - $3.43m

Projected Returns on Equity

  • Year 1 Distribution Forecast - 13.3%

  • Average (7yr) Distribution forecast - 14.7%

  • Projected Internal Rate of Return (IRR) - 15.8%

  • Quarterly Distributions

New lease to BP Australia for 15 Years from November 2017

New construction depreciation benefits on the Investment 15 year lease with strong tenant covenant.

BP Karratha, Gap Ridge Estate, Karratha WA

BP Karratha, Gap Ridge Estate, Karratha WA

BP Karratha, Gap Ridge Estate, Karratha WA

BP Karratha, Gap Ridge Estate, Karratha WA