FRP Capital Brickworks Information Memorandum July 2023 - Flipbook - Page 4
Brickworks Marketplace
Information Memorandum
03
Key Features
Trust Name
Brickworks Market Place Fund Trust
Trustee
Brickworks Market Place Fund Trust Pty Ltd.
Investment Manager
FRP Capital Pty Ltd.
Property Address
Corner of South Road and Ashwin Parade, Torrensville SA 5031
Investment Objective
and Strategy
To provide secure income and long-term capital growth; by executing the value
add initiatives that can enhance the Property’s investment returns.
Site Area
4.44Ha
Net Lettable Area (NLA)
17,160sqm
Asset Value
$85,000,000
Independent Valuation
An independent valuation has been obtained confirming the valuation amount is in line with the purchase price.
Equity Units on Offer
5,500,000 Ordinary Units of $1.00 per unit in this single asset, unlisted property Trust.
The Trust will be raising equity capital of approximately $5.5M AUD.
Unit Issue Price
$1.00 per unit
Debt Facility
A major lending institution will provide a facility up to an LVR of 60%.
Term of the Trust
7 years (30 June 2030)
Total Internal
Rate of Return (IRR)
Target IRR between 11.35% to 12.00% after the first 7 years.
Cash on Cash
6.07% first year targeted distribution.
Capital Growth Potential
Large land holding, proximity to the CBD and strong performing tenants positions
the Fund well for future capital price appreciation.
Minimum Investment
$50,000 to Wholesale / Sophisticated Investors.
Liquidity/Redemption
The Trustee does not expect the Trust or its Unit holdings to be liquid during the term of the Fund.
Asset Purchased
30 June 2023
Key Tenants
Woolworths, Big W and Dan Murphy’s.
Depreciation
Depreciation and building allowances (tax deferred), approximately 60%.
Investor Reporting
The Trustee will report quarterly to Investors in relation to ongoing key activities and performance of the Trust.
Distributions
The Trustee intends to pay distributions monthly, in arrears.
Fees, Costs and Expenses
There are fees, costs and expenses associated with an investment in the Fund. See page 25 for details.
