Monthly Income Investment (9%)
Property - Everton Plaza, Everton Park, QLD
Overview
This investment, together with existing property owners’ significant investment to date, will support the ongoing expansion of the Super Neighbourhood Centre, Everton Plaza. With significant year-on-year growth consistently achieved from this property, the investment opportunity is possible due to its diverse and evolving tenancy mix, proven rental income and expanding development plans, including anchor tenant Coles Supermarkets.
Property
Situated just 9.3km north-west of Brisbane’s CBD, the Property is strategically positioned on the corners of South Pine and Stafford Roads, two major arterial roads within the established residential suburb of Everton Park.
The vision for Everton Plaza was to create a local retail village, and with Stages 1 and 2 complete, the Centre continues to serve its community’s everyday needs. It is anchored by Coles Supermarket and supported by a Gourmet Market & Deli, Medical Centre, Pharmacy, Gym and ‘Park Lane’, an al-fresco laneway destination offering casual dining and takeaway. Central to Stage 2 is the new commercial tenant Fintech, Fathom. The addition of their global Headquarters further solidifies the Centre’s dynamic tenant mix.
Currently, in the planning phase, Stage 3 will see the addition of a new car park and redevelopment of the existing Coles and Health & Medical precinct.
Investment highlights
Return
Fixed return of 9.0% p.a.
Type of return
Returns paid monthly (up to 24 months)
Investment term
Up to 24 months
Key features of investment
Investment manager
Firefly Future Pty Ltd (ACN 653 717 401)
Investment structure
Loan agreement with property owner/ developer
Legal entity
Loan agreement with Enhance No.3 (Everton Plaza)
Investment return
Fixed 9.0% p.a. return
Investment term
Up to 24 months
Type of return
Returns paid monthly (up to 24 months)
Capital raising
Available for investment $3,000,000
Minimum investment
$250,000
Source of return
Rental income
Offer close date
30 May 2023 (5pm AEST)
Investment drivers
Everton Plaza sales are 42% higher than the Australian Neighbourhood Centre benchmark
Vibrant night-time economy delivering $16M+ Food & Beverage sales per annum
Attraction of diverse tenant mix - The performance and quality of the offer have attracted commercial tenant, global IT company Fathom, and secured a unique offer and long-term commitment from Coles Supermarkets
Net rental income has grown 28% per annum ($1.9M in 2017, to $5.1M in 2023) and is expected to grow by an additional 41% to $7.2M by 2024
Everton Plaza’s retail services sales/ m2 = $25,356, which is 294% higher than industry average
Investment enquiries
For information on investing with Firefly Future please contact:
Lee Valentine (0403 467 533 | lvalentine@fireflyfuture.com.au) or
Paul Buckle (0417 598 366 | pbuckle@fireflyfuture.com.au)
Or alternatively, complete the enquiry form, and we’ll contact you.
We look forward to sharing these details with you and helping evaluate whether these opportunities fit your investment goals.