Wingate Direct Property (in conjunction with Shore Invest) is pursuing the potential acquisition of a 100% interest in a prime mixed‐use sub regional shopping centre known as Queen Street Village, located at 129 Queen Street, Southport, QLD 4215 (‘Queen Street Village’ or the ‘Property’).
Queen Street Village offers security through a diverse contracted rental profile and genuine upside via a tenant remix and site optimisation strategy. The Property offers robust and diverse underlying income via 42 existing tenants while providing a weighted average lease expiry of approximately 9.8 years (by area). Located on a 1.9‐hectare site containing 13,071sqm of lettable area and anchored by quality major tenants.
This exceptionally located former Gold Coast Hospital site is targeting a minimum 13.3%+ p.a. equity IRR with a 1.6X equity multiple (4 years) and distributions commencing at 7.0% p.a.
In order to invest, you must be a Sophisticated Investor:
A property syndication allows you to pool money into property funds to buy large commercial assets such as retail centers, industrial facilities and office buildings.
The minimum contribution is $200,000 per individual.
We understand that diversity in investment portfolios is key to long-term financial success. With Shore Invest, we offer you the chance to diversify your investment strategy by venturing into the realm of commercial property. Investors are not only attracted to the exposure of commercial assets, but also the ability to invest without needing to demonstrate personal serviceability toward the debt facilities of these assets. Most of the commercial asset acquisition will have a debt position of roughly 40-60% LVR and this loan will not have any personal guarantees associated to any of the investors and instead will be purely supported by the income of the asset itself.
This means that investors can gain access to leveraged property acquisitions where their capital is still witnessing the benefits of leverage without having to restrict their personal borrowing power.
Shore Financial has entered into a joint venture with Wingate, a renowned player in commercial investment with over $7 billion of capital invested across the firm’s asset management, financing and investment activities. This partnership allows us to secure and actively manage a diverse portfolio of commercial assets, leveraging the expertise and track record that Wingate brings to the table.
Wingate has demonstrated a consistent and successful track record in managing commercial assets, aligning seamlessly with the commitment to excellence that Shore Financial has upheld since its inception. Together, we are poised to create a formidable force in the market, offering you unprecedented opportunities for growth and financial prosperity.
You can trust that Shore Invest is built on a foundation of expertise, reliability, and a commitment to your financial success.
1. Superior Rental Yields: With Wingate’s team of expertise, we will source meticulously chosen commercial properties that consistently yield impressive returns, surpassing conventional investment avenues. You can expect rental yields of 5-8% p.a, paid through quarterly dividends.
2. Capital Growth Prospects: Positioned in prime locations, our properties offer the potential for significant appreciation, elevating your investment portfolio. We expect up to achieve a combined ROI of 12% p.a on initial investment after a successful sale of the asset.
A commercial property syndicate allows qualifying sophisticated investors to collectively own high-quality commercial real estate that would ordinarily be beyond the reach for individual investors. By pooling funds together, the commercial property syndicate can acquire a larger more valuable property with better income return and capital growth potential.
Each syndicate acquires a single designated property (single property vehicle) and is legally structured as a Unit Trust, with investors applying for Ordinary Units in The Trust. Each Unit-holder is entitled to share in the income and capital of the trust, in proportion to their unit holding.
Syndicates are typically established for a set period, usually 4-5 years, after which the property is intended to be sold. The Trustee may sell the property and wind up the trust earlier if it is in the best interest of the unit holders.
The AFSL holder acts as the Trustee of the Unit trust that acquires the property and the title to the property and mortgage finance are in the Trustee’s name. Under this structure, Investors have no liability either to the mortgagor or to any trust creditors. This form of borrowing is described as “non-recourse”.
Syndicate operators are required to hold an Australian Financial Services Licence (AFSL) which imposes comprehensive and strenuous obligations on the licensee. Principals of the licensee must possess extensive relevant experience and the appropriate degree of expertise. The conduct of a licensee is tightly regulated and the company is audited annually, with the auditors certifying that the company is complying with all of its legal and statutory obligations. The affairs and finances of each Unit Trust are also audited individually on an annual basis.
Investor returns are based on the income and capital available after fees or entitlements to the AFSL holder or its associates, with the quoted annual return reflecting the amount available to Ordinary Unit-holders.
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