The Heathley Keystone Property Fund No. 32 (Fund) is a closed-end, single-asset, unlisted direct property fund wholly invested in a medical office property, located at 312 Bourbong Street, Bundaberg, Queensland and known as the Margaret Rose Health Centre.
The Property comprises a purpose built two storey modern medical building occupying a 2,023 sqm (approx.) site situated on the corner of Bourbong and Hope Streets, directly adjacent to the Mater and Bundaberg Base Hospitals.
|Type||Single Asset Unlisted Property Fund|
|Status||Closed for Investment|
|Fund commencement||November 2013|
|Investment period||5 years|
The Heathley Keystone Property Fund No. 32 comprises a single medical property which was purpose built to house Queensland Health’s Bundaberg and Wide Bay Burnett regional community health facility. The property also provides a number of additional tenancies on the ground floor which are leased to a mix of medical tenants and a cafe, as well as ample basement car parking.
Well located within the local health precinct and on the main Street of the Bundaberg Town Centre, the property is an attractive medical and ancillary health care location. The fund aims to provide an attractive income yield to investors and capital growth over the Fund term.
Heathley Asset Management Limited as the Responsible Entity of Heathley Keystone Property Fund No. 32 ARSN 166 572 621 provides notice of the change of auditor for the scheme and compliance plan:
Pitcher Partners (Level 22, MLC Centre, 19 Martin Place, Sydney NSW 2000)
Proposed incoming auditor
KPMG (Tower 3, International Towers Sydney, 300 Barangaroo Avenue, Sydney NSW 2000)
Reason for change of auditor
The Responsible Entity went through a competitive audit tender process for all of its Funds to be audited by one external auditor for efficiency purposes and subsequently awarded to KPMG.