Retail (Showroom)
247 Morayfield Road Morayfield has multiple dealership buildings housing Mitsubishi, Kia and Subaru. The property has prominent Morayfield Road frontage on the Brisbane approach to Morayfield.
The property forms part of the large regional centre of Morayfield, located in and governed by the Moreton Bay Regional Council. Morayfield is situated 45km north of the Brisbane CBD. Morayfield has a population of around 25,000 and has a significant commercial hub encompassing businesses and food and retail outlets.
The site is leased to Autopact who own and operate 35 dealerships along the eastern seaboard, representing 39 top vehicle brands in Australia.
The combination of this prime location, with medium-term income and an attractive cap rate, makes this an attractive purchase for the Fund.
Financial Information:
Disclaimer: Information provided about forecast annual net cash flow and cash on cash returns are derived from unaudited financial projections. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Responsible Entity. The Responsible Entity cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.
| Property type | Showroom |
| Date acquired | 14 November 2025 |
| Land size | 8,699m² |
| Building size | 2,130m² |
| Purchase price | $13,400,000 |
| Independent valuation | $13,500,000 |
| Capitalisation rate used by Valuer | 6.48% |
| Valuation date | 17 September 2025 |
| Occupancy at purchase date | 100% |
| Financing | Loan with CBA |
| WALE (Lease Expiry) | 5.03 |
| WALE (Income) | 5.03 |
| WALE (Lettable Area) | 5.03 |
The weighted average lease expiry (WALE) is as at 17 September 2025 on the basis of the property as a standalone acquisition, not its weighting in the Fund’s total portfolio. More recent information about the the Fund’s portfolio can be found here.