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  • QLD

Fund Overview

The Sentinel Multi-Sector Income Trust Airlie Beach Hotel (Fund) is the first acquisition in the newly established multi-sector income trust.

Objective of the Fund

The Sentinel Multi-Sector Income Trust Airlie Beach Hotel has the objective to provide a year one forecast distribution of 6.75% net p.a with strong growth prospects stemming from development upside.  There is currently a planning approval allowing buildings of up to 6 levels.

Portfolio

The Airlie Beach Hotel is the first acquisition for the Fund.  The asset has a new 20 year triple net lease with 3 x 10 year options and a fixed 2.5% annual increase. Located in the centre of Airlie Beach, the property is situated on a substantial 8,819 square metre corner lot with three road frontage and overlooks the Coral Sea and the Whitsunday Islands.

The asset contains a A modern 4-Star Hotel with 63 Guest Rooms, Resort-style Swimming Pool, Bars, Restaurants, Gaming Lounge (35 machines), a 20 Guest Room Motel, a newly refurbished Drive-through Bottle Shop, and 3 retail tenancies.

Distributions

The Fund pays distributions monthly.

Term & Liquidity

There is no minimum or maximum term of investment.

Withdrawals are processed monthly and limited to the terms detailed in the PDS and are subject to the Fund’s liquidity policy and summarised on Centuria’s website. The ability of the Fund to offer monthly withdrawals is not guaranteed.

Fees

Refer to the PDS.

More Information

For more information please contact the fund manager.

For more information on unlisted property funds and property syndicates please refer to the following guide.

Disclaimer

The information provided above should be seen as factual information and not financial advice.   All the information provided is not intended to imply any recommendation or opinion about a financial product.

We recommend seeking advice from professional and qualified financial planners prior to investing in any financial product.   

Overview

  • Category : Equity Funds
  • Manager : Sentinel Group
  • Term : Open-ended
  • Yield : 6.75%
  • IRR : n/a
  • Minimum Investment : 100000