WOLLONGONG CSA

The CSA Building is located at 60 Burelli Street, and has the largest floor plate of any “A” Grade building in Wollongong. Burelli Street is one of the busiest thoroughfares in the Wollongong CBD.

This investment provides clients with an indexed 7.5% pa payable monthly income distribution secured by a 10 yr lease to the Commonwealth Government. 75% of all income is estimated to be tax deferred/ exempt in the first 5 years of the investment.

Neat arbitrage between cost of finance fixed at 7.1% pa for 5 years, and guaranteed rental return from Commonwealth tenant. The property was acquired at an 8.98% cap rate.

Multiple exit paths:

• Tenant could exercise 2x5 yr option and thus indexed income is maintained.
• Re lease as whole or part floors
• Strata and Sell off in Strata Units
• Take advantage of the flexible (mixed) zoning, 3:1 SFR. Unique position by converting to optimum alternative use