Private Property Trust 6

21.4%

Total return per annum

7.3%

Income return per annum

14.1%

Capital return per annum

2015

Year established

Private Property Trust 6 was Fawkner Property’s third Trust with a focus on essential services, and with holdings in the roadside retail sector.

Portfolio summary

The trust includes two BP Service Stations on the Princess Freeway at Little River and Avalon – the third busiest freeway in Victoria.

Both properties include long term lease agreements to Oporto and Hungry Jacks with an original combined weighted average lease expiry (WALE) for both properties of 14.27 years.

Both properties currently experience annual daily traffic of greater than 60,000 vehicles, with an average site visit of 5,600 vehicles. This is an increase of 250% in daily traffic in 5 years since acquiring the properties.

Trust investors have received an average monthly income distribution of 7.25% and capital return of 14.1%, based on recent independent valuation.

Key features

Stable tax-effective income paid monthly

Annual rental income increases of 3% from all property tenants

Leased to financially strong essential services tenants with national operations

6-year initial investment term with distribution forecast greater than term deposit rates

Strategically located properties, on Victoria’s third busiest freeway

Contact investment team

Property assets

Properties

Major Tenants

Location

BP Centre, Avalon

BP, Hungry Jack's, Oporto

Avalon, VIC

BP Centre, Little River

BP, Hungry Jack's, Oporto

Little River, VIC

Different tenants across portfolio properties

Multiple industries in each portfolio

Properties spread across diverse geographies

Income Return (%pa)Capital Return (%pa)Total Return (%pa)

Clear

Return (%)

35%

30%

25%

20%

15%

10%

5%

21.50%

21.60%

17.25%

30.60%

15.70%

18.40%

11.40%

10.00%

10.50%

10.60%

8.50%

23.00%

8.20%

11.10%

3.00%

11.00%

8.75%

7.60%

7.50%

7.30%

8.40%

7.00%

2011 (Sold)

2013

2014 (Sold)

2015

2017

BP Seaford, VIC

BP Vermont, VIC

Private Property Trust

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