The Heathley Keystone Property Fund No. 33 is a closed-end, dual property, unlisted direct property fund comprising two industrial properties occupied by blue-chip tenants on long term leases.
The fund provides an attractive income return of approximately 8.25% per annum and targets enhanced capital growth via the sale of the properties in the improved market conditions and tenancy lease terms since acquisition.
|Type||Dual Asset Unlisted Industrial Property Fund|
|Status||Closed for Investment|
|Fund commencement||April 2014|
|Fund Term||5 years|
The Fund invested in two large industrial properties with established and highly committed tenants with a view to providing a very stable and attractive income return to investors and enhanced capital growth via the re-leasing of the larger property’s tenant on a longer term before sale.
The two properties in the Fund are:
1 Johnson Road, Campbelltown NSW is a modern and functional industrial facility featuring high clearance, clearspan warehouse with immediate proximity to the Hume Highway/M5. It is 100% leased to ZircoData who operate a very large records management facility from the property, having entered a new 10 year lease in 2017.
1304 Ferntree Gully Road, Scoresby VIC is a recently refurbished industrial facility located within an established eastern industrial precinct of Melbourne with close proximity to major transport routes. It is to be fully leased with approximately 10 years remaining of a 12 year term to P’Auer Pty Ltd, a labelling business with ties to the PACT Group.