Wollongong – 8 Station Street
100% Occupied by the Commonwealth Government in a prime Wollongong location
Location
Wollongong, NSW
Target
9% p.a.
Description
Number 8 Station Street is a four-level office building adjacent to the Train Station, acquired by EPG on behalf of an institutional investor. The building houses the Australian Hydrographic Service, an agency of the Department of Defence. This Commonwealth Government agency is responsible for the provision and publication of nautical charts and other information required for the safety of ships navigating in Australian waters. It is also responsible for the provision of operational surveying support and maritime Military Geographic Information (MGI) for Defence operations and exercises.
Tenants
100% occupied by the Commonwealth Government.
Performance
The Fund expects to deliver an average annual distribution in excess of 10% per annum.
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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