Forza Grosvenor Street Fund

38 Grosvenor Street, Abbotsford, VIC

KEY PROPERTY INFORMATION
Land Size3,880m²
Number of Car Spaces470
Occupancy100%
Purchase DateMay 2019
Purchase Price$15,000,000

The Forza Grosvenor Street Fund is an unlisted property fund which holds a 3,880m² landholding with a four level, 470 bay car park located on the Yarra River in Abbotsford, Victoria.

The Property was purchased for $12,000,000 on an attractive initial yield of 6.76% and a WALE of 7.30 years. At the current time, the Property is providing investors cash distributions of 7.12% per annum.

The Fund acquired the Property given its strong income, as well as the size and strategic nature of the site, which overlooks the Yarra River.


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