Australian Securities Limited - Property Fund Resources
5240
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AUSTRALIAN SECURITIES

PROPERTY FUND

BENTLEIGH SCHEME 4

Australian Securities are pleased to announce an
excellent result for The Australian Securities
Property Fund (ASPF) – Property Scheme 4
The sale by tender of 269 Centre Road Bentleigh on
December 6 provided a final overall Capital gain and
Income return of 16.66%* for Scheme Members.

ACQUISITION PRICE

$5.55M*

*Acquisition amount not including Stamp Duty or fees.

SALE PRICE

$10.30M*

*Amount before costs. The projected return is subject to settlement of sale, forecast distribution and final financial audit.

CAPITAL GAIN

69%*

*Net after costs and interest repayments. The projected return is subject to settlement of sale, forecast distribution and final financial audit.

OVERALL RETURN YoY

16.66%*

*Average Net Returns over the investment period. The projected return is subject to settlement of sale, forecast distribution and final financial audit.

Performance Review

After purchasing this Centre Road property in Bentleigh on June 2014 for $5.55M, Australian Securities in their role as Fund Manager secured the maximum in leasing returns by building working relationships with existing tenants and investing in cosmetic and structural development at the site. This ensured tenants were well catered for and the site benefited from practical capital improvements which are reflected in the final sale price.
The original investment term (7 years) was reviewed by the Fund Manager who predicted the current market conditions as prime for the sale of this site and that the existing negotiated leasing agreements would contribute to a more positive sales result.
Scheme Members were advised of the Fund Managers recommendation for an earlier realisation sale (4 years 8 months) and approval for early disposal of the Bentleigh property was agreed by all Scheme Members. After an extensive advertising campaign the Bentleigh property was sold on the 6 December, with settlement on 4 March 2019. The sale price exceeded the agents expected Sale Price range of $8,950,000 – $9,225,000. Interest in the property was high due to its main street location, its size and architectural quality, potential for development and proximity to an outer city growth corridor. Scheme Members can expect a 69%* effective return on top of their original contribution from the sale which equates to an overall year on year return of 16.66%* including leasing income over the Term of the investment.
The Fund Manager will consider longer or shorter investment periods outside the original terms of a Property Scheme if there is a likelihood the change in sale period could contribute to a Property Schemes success.
Changes to Terms in a Property Scheme can only proceed with the individual Scheme Members authorisation.

*The projected return is subject to settlement of sale, forecast distribution and final financial audit.

Annual Growth

Annual Capital Growth based on accredited valuations for the period June 2014 to June 2018 and December 2018 Sale reflecting actual price. Final Sale price is a gross figure before costs. The projected return on Scheme 4 Sale is subject to settlement of sale, forecast distribution and final financial audit.

IMPORTANT INFORMATION: The Australian Securities Property Fund is not a unit trust. Each Property scheme is unique with its own members who contribute to only that scheme. Each investment operates independently to other scheme investments within the fund. Minimum investment amounts, Terms and Conditions apply when investing in The Australian Securities Property Fund. Refer to the Product Disclosure Statement (PDS) or contact the Fund Investment Manager for further information.
Australian Securities Limited recommend prospective investors read the Product Disclosure Statement (PDS) provided by the Fund which provides detailed information on features, benefits, management fees and associated risks before making an informed decision. ASL does not provide investment advice to its members or the general public. We do not know the financial position or needs of the reader. Investment decisions you make should be taken after giving careful consideration to your personal needs and any risks that may be associated with an investment. The information included on this page is not a recommendation or substitute for professional investment advice. Past Performance for The Australian Securities Property Fund is no guarantee of future performance.

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