APN Coburg North Retail Fund

The APN Coburg North Retail Fund (the “Fund”) (ARSN: 601 833 363) is a single asset fixed term direct property fund which owns the Coburg Hill Shopping Centre. The Fund is now fully subscribed and is closed to new applications.

Coburg Hill Shopping Centre

Completed in April 2014, the Centre is anchored by a full-line Woolworths supermarket and BWS outlet complemented by seven specialty tenants. Representing almost 60% of rental income, Woolworths has agreed to a 20 year lease expiring in 2034 underpinning Coburg Hill’s weighted average lease expiry of 12.2 years (by income). The property is currently 97.3% occupied.

The property is well located and is supported by significant residential development in the immediate catchment area positioning the Fund to deliver a sustainable income yield with the potential for capital growth over time. The Fund has an attractive distribution yield of 7.60% which are paid monthly.

With strong fundamentals and an active asset management approach, the APN Coburg North Retail Fund is positioned to deliver a sustainable income yield with the potential for capital growth over time.

Income split by tenant
APN Coburg North Retail Fund Graph

Lease expiry profile (by income)

Coburg-lease-expiry

Leave a Comment