CURRENT OFFERING
BV Service Centre Fund No 2
TARGETING TRUCK STOPS AND REGIONAL FUEL SERVICE CENTRES
Fund Overview
The BV Service Centre Fund No 2 is a multi-asset trust targeting the acquisition of truck stops and regional fuel service centres nationwide.
To seed the Fund, Baron Vanilla Management has negotiated exclusive agreements to acquire, subject to successful due diligence, a Shell anchored truck stop and convenience centre in Upper Swan, WA and a Shell fuel service centre in Bunbury, WA for a total purchase price of $13.67 million and will be seeking to raise $8 million in equity from wholesale investors.
The Fund is anticipated to have a term of 5 years, an initial weighted average lease expiry (WALE) in excess of 8.5 years, and is forecasting a first-year cash return on equity of 8.5% and a five-year average cash return on equity of 9% per annum, paid monthly. Minimum investment amount is $150,000.
Investment Highlights
Upper Swan WA
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Purchase Price - $8,300,000
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Viva Energy, a blue chip $3 billion ASX 200 company & Shell’s Australian licensee
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Secure 18-year triple net lease to August 2034 plus 7 options to renew of 10 years each
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Substantial 6,572sqm site situated on the western side of Great Northern Hwy, a main arterial road leading out of the Perth metropolitan area to the northern and northwestern portion of the State
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Twenty-four hour roadhouse with large convenience store, eight fueling points and a separate truck stop with three high flow diesel dispensers with AdBlue
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Car parking and truck layover provided on-site for numerous vehicles
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Guaranteed rental growth with fixed 3% annual rental increases
Burbury WA
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Purchase Price - $5,370,000
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Viva Energy, a blue chip $3 billion ASX 200 company & Shell’s Australian licensee
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Secure 16-year triple net lease to August 2032 plus 7 options to renew of 10 years each
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Prominent corner site with three street frontages situated in the Bunbury Town Centre, Western Australia’s third largest city with a population of approximately 85,000 people
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Purchase price includes adjacent vacant land (678sqm) on a separate title currently zoned residential, providing potential for expansion of the service centre or sale of the excess land
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Conveniently situated within close proximity to a large format precinct, several car dealerships and local primary and high schools
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Guaranteed rental growth with minimum 3% annual rental increases
* Returns are forecast before tax and after fees