Pymble Private Property Trust - Sumner Capital
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SU CAPITAL
NER
Pymble Private
Property Trust
OPEN FOR INVESTMENT
Trustee
Perpetual Corporate Trust Limited
abn 99 000 341 533 afsl 392673
Investment Manager
Sumner Trilogy Investment Management Pty Ltd
acn 646 743 277
Sumner Trilogy Investment Management is an
entity associated with SPFM No.2 Pty Ltd, an
associate of Trilogy Funds Management Limited,
and Sumner Capital Nominees Pty Ltd for the
purposes of acting as Investment Manager for the
Pymble Private Property Trust (Fund) and the
3 Bridge Street Trust (Trust).
TRILOGYFUNDS.COM.AU/PYMBLE
Pymble Private
Property Trust
(Fund)
1
7.00%pa
1
Initial forecast net distribution (net of fees, assuming the
Offer Amount is raised). This is limited to the period only
from the Settlement Date to 30 June 2021 and for the year
that follows until 30 June 2022.
INVESTMENT OVERVIEW
The Pymble Private Property Trust (Fund) aims to provide investors with an indirect
interest in a property investment that aims to provide wholesale investors with
competitive income and the opportunity to maximise investment returns via an asset
with potential capital value development upside.
The Fund is designed to acquire a 100% interest in the OFFER SUMMARY
3 Bridge Street Trust, which will hold a commercial property
located at 3 Bridge Street, Pymble NSW.
Fund Pymble Private Property Trust (Fund)
The property’s income is derived from 100% occupancy,
leased to UGL Pty Ltd. Duration of
6 years from settlement date
the trust
TENANCY
Distributions Calculated daily, paid quarterly
UGL is a 100% subsidiary of ASX-listed CIMIC Limited,
with a current market capitalisation of A$7bn. UGL is Minimum
an engineering company, which provides construction, $250,000 AUD
investment
maintenance and asset management services predominantly
to the rail, resources and infrastructure sectors. $10,400,000 AUD
The Trustee is looking to raise the Offer
Amount by 5 March 2021 but may extend
Offer amount the Offer period to such later date as
the Trustee determines in consultation
INTERESTED?
with the Investment Manager, and as
communicated on Trilogy’s website.
Target gearing is a Loan-to-Valuation
Contact Kirby Parsonage to find out more Target gearing
Ratio (LVR) of 52.5% of the property.
about this investment opportunity.
Property 29 March 2021
Kirby Parsonage settlement date (This is the anticipated Settlement Date,
Principal - Head of Property but it may be changed by the Sub-
Trustee on the recommendation of the
M 0405 562 401 Investment Manager).
E kp@sumnercapital.com.au
THE PROPERTY
The property consists of a three storey office building, covering 2,626 sqm of net lettable
area, situated on a 2,964 sqm site, and offers potential for development upside, with the
opportunity to expand the gross floor area to over 10,000 sqm.
POTENTIAL OPPORTUNITY ASSET SUMMARY
The property is zoned B7 Business Park under the
Ku-ring-gai Local Environmental Plan 2015 , which allows for Address 3 Bridge Street, Pymble NSW
a floor space ratio of 3.5:1, a maximum of height of 32.5m
(circa 8 storeys) and includes office, childcare and hotel uses.
Purchase price $17,300,000 AUD
The existing planning provisions allow for the potential to
develop a building with 10,374 sqm of gross building area. Net lettable area 2,626 sqm
The property will be held first and foremost to generate
rental income that will be the source of distributions from Site area 2,964 sqm
the Fund. It is currently the intention, subject to the lease
on the property and to the extent that market conditions are Occupancy 100% occupied
favourable, to consider realisation of the property may be
considered to wind-up of the Fund.
Title details Lot 1 on DP626394 | Freehold interest
Tenant UGL Pty Ltd
Current expiry 30 June 2025,
Lease term
plus a 5 year option
WALE 4.3 years as at 1 February 2021
LOCATION Located in the prestigious northern Sydney suburb of Pymble, within close proximity to the Pymble Town Centre and Pymble Train Station. The property is located within Pymble Business Park, with dual street frontage to Pacific Highway and Bridge Street. Pymble Business Park is situated to the west of the Pacific Highway, and north of Ryde Road providing easy access to Sydney’s orbital road network. Major retailers, such as Bunnings and ALDI have recently been attracted to the area, both purchasing development sites on the Pacific Highway.
FEATURES OF
THE FUND
PROFESSIONAL MANAGEMENT
Sumner Trilogy is an entity established by a Trilogy
Entity and Sumner Capital which will be responsible
for the investment management including property
management, development approval strategy and day-
to-day management of both the Fund and the 3 Bridge
Street Trust.
Trilogy has over 23 years’ experience in property and
property-based investments. Investors in the Trust will
benefit from Trilogy’s expertise in funds management,
property management, and property acquisitions.
Sumner Capital is an independent real estate
investment manager and adviser with a strong track
record in delivering attractive risk-adjusted returns.
FORECAST QUARTERLY INCOME
The Fund is forecast to provide investors an initial
distribution yield equivalent to 7.00% per annum1
calculated daily and paid quarterly (net of fees, costs
and taxes).
SIX-YEAR INITIAL TERM
The initial term of the Pymble Private Property Trust
(Fund) is expected to be six years from the property
settlement date (anticipated 29 March 2021).
WEIGHTED AVERAGE LEASE EXPIRY
The property features a 4.3 years weighted average lease
expiry (by income as at 1 February 2021).
MAKE AN INFORMED DECISION
All investments in unlisted property trusts carry risk. SURROUNDING AMENITY
As the Fund will invest in property it carries the market,
The property is in close proximity to surrounding
property, and leasing risks associated with investing in
amenity including St Ives and Macquarie Shopping
property, particularly commercial office property. The
Centres, and within 500 metres of Pymble station.
main risks are summarised in the Investment Risks
section included in the Information Memorandum (IM).
As a geared investment, the Fund carries associated
financial and leverage risks. Risks can have an impact
on distributions and capital returns over the term of
the Fund. Before making an investment decision it is
important that you read the IM in full, understand the
risks of investing, and seek personal financial advice
based on your own situation, circumstances, and needs
from a licensed Financial Adviser.
1
Initial forecast net distribution (net of fees, assuming
the Offer Amount is raised). This is limited to the
period only from the Settlement Date to 30 June 2021
and for the year that follows until 30 June 2022.
SU CAPITAL
NER
For more information visit our website
TRILOGYFUNDS.COM.AU/PYMBLE
Trustee
Perpetual Corporate Trust Limited
ABN 99 000 341 533
AFSL 392673
Investment Manager Property Manager
Sumner Trilogy Investment Management Pty Ltd SPFM No 2 Pty Ltd
Level 23, 10 Eagle Street Level 23, 10 Eagle Street
Brisbane QLD 4000 Brisbane QLD 4000
Telephone (07) 3039 2828 Telephone (07) 3039 2828
Facsimile (07) 3039 2829 Facsimile (07) 3039 2829
Investor Relations Legal Adviser
Free call (within Australia) 1800 230 099 Wily Legal and Consulting Pty Limited
Free call (within New Zealand) +800 5510 1230 Level 6, Suite 608
Between 8:30am and 5:00pm weekdays 109 Pitt Street
(Australian Eastern Standard Time) Sydney NSW 2000
Taxation Agent of the Trust
Pricewaterhouse Coopers
Level 23, 480 Queen Street
Brisbane QLD 4000
This brochure has been prepared by Sumner Trilogy Investment
Management. Sumner Trilogy Investment Management Pty Ltd (Investment
Manager) for the issue of Units in the Pymble Private Property Trust (Fund)
and is issued by it under an intermediary authorisation entered into with
The Trust Company (RE Services) Ltd (Authorised Intermediary). Perpetual
Corporate Trust Limited acts as trustee (Trustee) of the Fund. The Pymble
Private Property trust is an unregistered managed investment scheme
Investment in the Fund is subject to terms and conditions, and risks which
are disclosed in the IM. These risks include the risk of losing income or
principal invested. Investors may lose part or all of their capital or there
may be periods when their returns are diminished. The Fund is not a bank
deposit and neither Trilogy, the Trustee nor Sumner Capital guarantee its
performance
TRILOGYFUNDS.COM.AU/PYMBLE
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