Core Property has reviewed the Elanor Burke Street Fund, the latest unlisted property fund offering from Elanor Funds Management Limited.
The Fund invests in an office/medical property located in the established medical precinct of Woolloongabba, 2km south of the Brisbane CBD.
Key features of the Fund include:
- Two A-grade office buildings on a single site, fully leased to QLD Metro South Health and Catholic Education, with a WALE of 7.2 years.
- Targeted distributions of 6.5 cpu in year 1, increasing to 7.6 cpu in year 5.
- The potential for further upside via a Value-Add strategy by the Manager.
- The Fund is available to Sophisticated and Wholesale investors only.
Core Property has rated the Fund as RECOMMENDED.
Update: The Fund is oversubscribed and is no longer accepting new investments.