Terrace Central Fund
Corner of Sturgeon & Glenelg Streets,
Raymond Terrace, NSW, 2324
The Property comprises a single-level shopping centre building, with two parks, anchored by a large 4,052 sqm Woolworths/BWS store, along with The Reject Shop, a Medical Centre, Terry White Chemist and associated pathology, Australia Post and a mix of 16 specialty retailers. Currently there are 6 vacant tenancies.
The Fund’s investment strategy is to improve the value of the property by leasing the current vacancies, proactively manage building operating costs and tenancy renewals, improve the Centre’s presentation, upgrade signage, improve the marketing strategy and exit the investment after the Fund Term of up to five years.
| Fund Status | Current |
| Acquisition Price | $44.104m |
| Equity Raised | $25.3m |
| Average Cash Yield | 7.6% p.a. (forecast) |
| Investor Internal Rate of Return | 10.55% p.a. (forecast) |
| Key Tenants | Woolworths/BWS, The Reject Shop, Terry White Chemist, Australia Post |
