March 18, 2021 - Peak Equities

Melrose Park Unit Trust

Category : Blog

Latest Blogs

Categories

In July 2015, the Melrose Park Unit Trust acquired a substantial industrial freehold (27,500 sq. m approx.) in the primarily residential Adelaide suburb of Melrose Park, approximately 8 km south of the Adelaide CBD.

At the time of commencing our due diligence, the existing lease had a remaining term of less than 2 years. Before committing to the purchase, Peak Equities negotiated a new 12-year lease with the tenant, incorporating a “demolition clause”.

Having regard to its size and location, the property is considered suitable for residential development. In the interim, the property is securely leased and well maintained by the tenant.

Melrose Park Unit Trust Investors are enjoying income in excess of 14% per annum.

Leave a Reply

Your email address will not be published. Required fields are marked *

September 19, 2019

What is a Property Syndicate?

Read More
As Featured In