The Property provides well-presented showroom accommodation in a highly regarded location within the core Canning Vale Industrial Estate, one of metropolitan Perth’s pre-eminent industrial suburbs.
At settlement in September 2021, the Property had a newly executed 5-year lease to Stratco WA Pty Ltd and long-term leases to Aquasport Marine and Industrial Power Tool Services.
The Property provides income spread across three well-regarded businesses providing QUBE investors mixture of local and national exposure.
The Property was acquired as a going concern primarily to provide steady recurring income for unit holders.
QUBE investors hold their interest as unit holders of a single-asset QUBE unit trust with distributions paid to unit holders quarterly.