Qube Property

Bannister Road Income Trust

183-189 Bannister Rd, Canning Vale

183-189 Bannister Road, Canning Vale comprises a former distribution centre on a 1.43ha site which has been converted to provide over 5,900sqm of showroom accommodation leased to three big box retailers including Stratco.

Quick Facts

  • Property Type: Retail
  • Anchor Tenant: Stratco
  • Hold Period: 2021 to present
  • Refurbished to Current Format: 2012
  • Acquired: 2021
  • Average Investor Subscription: $170,000
  • Minimum Subscription: $50,000

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.

Register Interest for Bannister Road Income Trust

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