The trust commenced with the acquisition of two BP Jasbe Service Stations in the South Eastern Melbourne suburbs of Cranbourne West and Caldermeade. On acquisition both properties included 15-year Lease agreements to McDonalds, while the Cranbourne West property had an additional 15-year with Red Rooster.
Investors have enjoyed an average monthly income distribution of 7.9% since the beginning of the trust. When the original trust term of 6 years ended in September 2019, Fawkner Investors realised a value of $1.72 for each $1.00 invested. A majority of Fawkner investors also decided to remain invested in the trust for an additional three years, and continue to enjoy the consistent income returns and potential long term capital growth.
Performance History – 31 January 2020