We’re excited to announce that we’ve entered terms to acquire 16 Marie Street, Milton in Brisbane’s inner-city suburban commercial office market.
The six-storey, multi-tenant commercial property boasts almost 4,000 sqm of net lettable area and 33 on-site parking bays. Expected to settle in early December, the property will serve as the single asset in our recently established Milton Office Trust, which is officially open for investment.
Our Managing Director Philip Ryan said the attractive, modern building exemplifies key qualities and features that would hold genuine appeal to potential investors considering single-asset property trusts.
“The building is less than 10 years old. The income is anchored with a lease of two floors to long term tenant, SuperConcepts – who are a subsidiary of AMP” he said.
“Milton Office Trust comes to market offering an attractive yield derived from a diversified list of six tenants from different industries.
“This is an excellent opportunity for direct investors and self-managed super funds seeking yield from exposure to the property market. The Milton Office Trust will provide investors at various stages of their investment journey the opportunity to experience the returns available from commercial property that they might otherwise be unable to afford.”
Milton is a popular commercial precinct, defined by its easy access to the CBD, casual riverside living, and a thriving entertainment precinct. It is filled with bustling restaurants, cafés and boutique retailers.
“Since the gentrification of South Brisbane and more recently, Newstead, New Farm and Teneriffe, many small-to-mid sized businesses have been drawn to those areas. Milton has appeal to providers of professional services particularly in the infrastructure, building and mining industries…”
“Milton’s residential population is also growing and we’re starting to see the emergence of fresh residential development in the area.
“This brings significant upside to our investment. More people living, working and enjoying all Milton has to offer enhances the suburb’s appeal to the business sector.
“Businesses seeking lifestyle balance for their employees, access to amenity and proximity to Brisbane’s CBD are beginning to see Milton for its true worth.”
Philip forecasts that the Trust will provide investors with a monthly distribution yield equivalent to 7.50% p.a. over the first 18 months of the six-year investment term.
The material on this website is intended only to provide a summary and general overview on matters of interest. Trilogy is only licensed to provide general financial product advice on its own products and does not consider your objectives, financial situation or needs when providing any information or advice. You should consider whether the advice is suitable for you and your personal circumstances and we recommend that you seek personal financial product advice on your objectives, financial situation or needs and obtain and read the relevant product disclosure statement before making any investment decision.
Trilogy has issued a Product Disclosure Statement for the Milton Office Trust dated 24 September 2018 which is available at www.trilogyfunds.com.au or by contacting us. Applications will only be accepted on the current application form that accompanies the PDS. You should obtain a copy, understand the risks, and seek personal advice from a licensed Financial Adviser before investing. Investment in the Trust is subject to terms and conditions, and risks which are disclosed in the PDS. These risks include the risk of losing income or principal invested. The Trust is not a bank deposit and Trilogy does not guarantee its performance. Trilogy provides only general financial product advice on its own products and does not consider your objectives.