• 8% p.a Targeted distribution paid monthly
  • 8 yr WALE Approx weighted average lease expiry
  • 100% Leased To 3 national tenants

Introduction

An opportunity to invest in the Boulder Road Property Trust and partner with Mainstay in the acquisition of a brand new fully leased, large format retail property investment.

Located strategically amongst a large range of relatives, 149 Boulder Rd, South Kalgoorlie, has high exposure to traffic volumes with exceptional frontage, access and egress.

The site will incorporate three major national retailers that will service the automotive and work safety industry for the Goldfields community.

The Offer

We do not invest in anything we don’t understand, and we wouldn’t ask our clients to do any different. Only after we have rigorously interrogated any opportunity, do we offer it to our clients.

This is an opportunity to invest in an income asset fund and partner with Mainstay Capital in the acquisition of a newly constructed, fully leased, large format retail property.

- 100% leased to national tenants
- $676,500 p.a. in fully leased net income
- Brand new buildings (full depreciation benefits)
- Open to Wholesale & Sophisticated investors

Property Details

Address:149 Boulder Road, South Kalgoorlie WA
Land Area:6,068m2
Buildings:3x newly constructed purpose-built tenancies
Tenants:RSEA, Autobarn, Heatleys

The Tenants

RSEA Safety

RSEA Safety first opened its doors in 1993 and has grown to become the largest independent safety business in Australia and the market leader in all things safety. RSEA Safety offers an extensive range of quality Australian and globally recognised brands that includes products such as workwear, work boots, PPE, workplace safety, safety signage and road safety. RSEA has a large national presence with 50 superstores, 6 distribution centres and 6 safety equipment hire depots and 16 embroidery facilities.

Autobarn

Autobarn is owned by Bapcor Limited (ASX: BAP) which is Asia Pacific’s leading provider of vehicle parts, accessories, equipment, service and solutions. Bapcor Limited has total group revenue of over $1.5 billion for FY20. Autobarn was formed in 1985 when nine Victorian specialist automotive parts and accessories retailers joined forces and formed a co-operative named Autobarn. Autobarn provides a range of automotive products, including spare parts, car care accessories, touring and 4 x 4 accessories, car tech and performance parts, from morethan 135 stores throughout Australia.

Heatleys

Heatleys Safety and Industrial is part of Stealth Global Holdings Limited (ASX: SGI) which is an Australian publicly listed multinational distribution group. The group’s diversified business operates as a supplier and distributor of everyday workplace items and a provider of supply chain solutions with total annual group revenue of over $60 million for FY20. Heatleys Safety has been providing quality safety and industrial products across Australia for nearly 30 years and has five strategic premises, each having showroom, warehouse and office facilities.

IMPORTANT INFORMATION: The information contained on this page is general information only and does not take into account your individual objectives, financial situation or needs. Investment in the trust will only be available to persons who qualify as wholesale clients under sections 761G and 761GA of the Corporations Act. An investment in the trust will be subject to risks. Actual performance or returns of the trust may differ from those expressed or implied by forward-looking statements contained in this page. Images are provided for illustrative purposes only and are not assets of the proposed trust. To the extent permitted by law, Mainstay Capital and its directors, officers, employees, representatives and advisers are released from any liability in relation to any anything contained in, or omitted from, this page.

Register your interest

Contact Us
I'm interested in