Newcastle – 95 Pacific Highway Charelstown

Located in the heart of the Newcastle medical precinct with AAA grade tenants

Location

Newcastle, NSW

Target

9.5% p.a.

Description

This is a four-level office and medical retail building in a prominent location and in close proximity to the largest shopping centre in the Region – Charlestown Square. The latter provides a valuable amenity to the building and its tenants. Charlestown is situated in the heart of the Newcastle medical precinct and as such, 95 Pacific Highway was selected to build a facility for Allianz Australia’s national workers’ compensation call centre. It was constructed in 2009 and has one lift, sixty-two secure parking bays and a high-energy efficiency rating. In 2009 it was awarded the Commercial Building of the Year award (Landcom Lower Hunter)

Tenants

Allianz Australia and PRP Diagnostic Imaging.

Investment Strategy

To maintain the high-quality tenant profile and take advantage of the strong growth expected in the area.

Performance

The Fund is expected to deliver an average annual distribution over the Fund Term in excess of 9.5%.

Our approach

The property must make sense. There needs to be a sensible plan to achieve the projected outcomes. If it has good bones, is in a great location, and has multiple options to achieve the requisite returns then we’re interested.

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Investor alignment

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© Eagle Property Group. ABN 9915 9438 623 All Rights Reserved. The references to ASIC and APRA above do not in any way intend to show or infer that Eagle Property Group has been endorsed, is associated with, or approved by either of these bodies. Eagle Property Group operates under Australian Financial Services Licence (AFSL) no. 402998. This AFSL is held by Crest Funds Management Pty Ltd, a company wholly owned by the shareholders of Eagle Property Group. By virtue of the AFSL, Eagle Property Group is regulated by the Australian Security and Investments Commission. Site made with love by Orange Bicycle