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Would you like to earn 8.05% p.a. with Coles and Bunnings amongst your tenants?
MPG Enterprise Property Trust
The MPG Enterprise Property Trust ("the Trust") is an open-ended unlisted property trust investing predominantly in direct property assets that has the objective of providing investors with regular tax advantaged income and the prospect of capital growth.
The Trust holds direct interests in six properties, an interest in a property trust managed by MPG as well as other incidental investments, which have a combined market value of $71.34 million as outlined below:
| Property name and location | NLA m2 | Market value $M | Weighting % |
| HomeCentral Warrnambool, Warrnambool VIC | 12,910 | 18.00 | 25.2 |
| Village Lakeside East Shopping Centre, Pakenham VIC | 3,655 | 12.85 | 18.0 |
| Stanley Works, Epping VIC | 10,500 | 12.05 | 16.8 |
| Target, Kadina SA | 3,306 | 6.14 | 8.6 |
| Edlyn Foods, Epping VIC | 4,453 | 5.50 | 7.7 |
| Austral Bronze, Epping VIC | 3,950 | 4.30 | 6.0 |
| Abbey Funerals, Thomastown VIC | 561 | 3.20 | 4.6 |
| MPG Bulky Goods Retail Trust - Chirnside Homemaker Centre - Mildura Homemaker Centre - Epping Retail Strip |
30,657 | 4.80 | 6.8 |
| Cash/Fixed Interest/Listed Property | NA | 4.50 | 6.3 |
| Total | 71.34 | 100.0 |
Key features
The Trust will suit investors seeking a regular income stream with taxation advantages and the prospect of long term capital growth. Key features include:
- Minimum investment: Only $10,000 with upward multiples of $5,000.
- Forecast returns: Initial yield 8.05% pa with a significant portion of this income being tax advantaged.
- Distributions: Quarterly in arrears. Investors may reinvest distributions to compound returns.
- The tenants: Key tenants include Coles, Bunnings, Target, Stanley Works, Duncan's Liquor, Tobin Brothers, Nick Scali Furniture, Austral Bronze Crane Copper, Fantastic Furniture, Repco, Clive Peeters, Lincraft, Bayford Motors, Furniture Galore and Bev Marks Bedding amongst others.
- Weighted ave lease term: In excess of 8.0 years.
- Withdrawal facility: Defined exit strategy at the end of seven years, with a withdrawal facility commencing annually from 1 July 2009 at the discretion of the Responsible Entity and subject to liquidity.
- Recommended (Lower End): Research Rating by Lonsec Research.
To invest
To invest in the MPG Enterprise Property Trust, you need to complete an application form from the Product Disclosure Statement (PDS). To download a copy of the PDS, please click on the "Product Dsiclosure Statement" tab on the left of this page.
