Elanor Burke Street Fund

Well located office property in established medical precinct targeting 6.5%+ distributions

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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.

Core Property Rating - Recommended

Fund Status - Oversubscribed

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.