[FULLY SUBSCRIBED]
The Outback Unit Trust No 2 was established to acquire 25% of existing units in OTC Carnarvon Unit Trust (Carnarvon Property), and 25% of existing units in the Apartment 66 Unit Trust (Newman property) from Outback Network Pty Ltd, who retains the remaining 20% interest in the two properties.
The Outback Unit Trust retains a 55% interest in the two properties.
Investment Highlights
Purchase Valuation Newman and Carnarvon - $26.25m
Equity Raising to purchase 25% - $4.75m
Projected Returns on Equity
Year 1 Distribution - 14.3%
Average (7yr) Distribution - 15.8%
Projected Internal Rate of Return (IRR) - 17.5%
Quarterly Distributions
New lease to BP Australia for 15 Years from November 2017
BP Carnarvon, Carnarvon Western Australia
BP Newman, Newman Western Australia
BP Carnarvon, Carnarvon Western Australia