Qube Property

Large Format Income Trust

27 Exhibition Drive, Malaga

27 Exhibition Drive, Malaga comprises a 4,500sqm site in one of metropolitan Perth’s premiere Large Format Retail precincts. Providing 2,000sqm of Gross Building Area, the property has been home to one of (ASX-listed) JB Hi-Fi‘s best performing stable of Perth metro stores since 2008.

Quick Facts

  • Property Type: Retail
  • Anchor Tenant: JB Hi-Fi (70%)
  • Hold Period: 2019 to present
  • Refurbished to current format: 2008
  • Acquired: 2018
  • Average Investor Subscription: $110,000
  • Minimum Subscription: $50,000

The Property is a modern, large format retail (LFR) building constructed in 2007 with around 2,000sqm of Gross Lettable Area (GLA).

The Property has direct exposure to Beach Road, a key distributor running east-west linking the west coast and north-eastern inner suburbs of the Perth metropolitan area.

The Malaga LFR precinct is supported by high profile national brands including The Good Guys, Harvey Norman, BCF, SuperCheap Auto and City Farmers.

The dual tenanted Property is secured by leases to JB Hi-Fi and one of Hollywood Interiors’ four Perth metro lighting and homewares retail outlets.

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 unitholders quarterly.

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