FULLY ALLOCATED - wholesale INVESTORS only
Clarence Property Aged Care Fund
The Clarence Property Aged Care Fund is a rare opportunity to invest in a portfolio of high quality properties, secured by triple net leases with CPI increases and a 22 year WALE.
INVESTOR ENQUIRIES: 1300 156 396
7.50%
Forecast Average Distribution
22
Year Wale
Monthly
Distributions
Triple
NET LEASES
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Fund Overview
- Seaton Place Cleveland
- Sandbrook Burleigh Waters
- Buderim Views
- Glasshouse Views Beerwah
- The Clarence Property Aged Care Fund is a closed-end fund offering wholesale investors a return in the form of regular monthly income and forecast capital gains.
- The fund is forecast to pay a distribution of 7.10% p.a. in year one and an average 7.50% p.a. over the five to seven year investment term.
- Located in the high growth SEQ market and leased to Bolton Clarke, Australia’s leading not-for-profit operator in the aged care industry.
- The portfolio offers access to a heavily undersupplied asset class at a 57% discount to replacement cost.
Investment Highlights
Regular Monthly Income
Forecast distribution of 7.10% p.a. in year one and averaging 7.50% p.a. over the five to seven year investment term.
Tax-Deferred Distributions
The Fund is forecast to distribute 100% tax-deferred distributions for each financial year from 2026 to and including 2029. Over an assumed 5-year investment term, it is anticipated that approximately 83% of total distributions to investors will be tax-deferred.
Long WALE
The properties are secured by 25 year leases, with 22 years remaining and 2 x 10 year options.
Rental Growth
The leases provide for annual CPI rental increases and cannot be less than the prior year's rent (ratcheted).
Triple Net Leases
The tenant is responsible for all outgoings, capex (excluding structural) and land tax (which does not currently apply to aged care property).
Tenant
Fully leased to Bolton Clarke, Australia’s largest independent not-for-profit provider who operates 88 aged care facilities and 43 retirement communities across VIC, NSW, QLD and WA.
Locations
The four properties are in high growth South East Queensland locations with ageing populations and increasing median house prices.
Supply Shortage
The aged care sector has seen demand for beds rise by 5,500 (nationally) in the past year, while net supply only increased by 578.
Below Replacement Cost
The portfolio is being purchased at an average cost of $191k per bed, a 57% discount to replacement cost estimated at $450k per bed.
Land Rich
Collectively the sites total 40,728m2, supporting the portfolio’s strong underlying value.
Cleveland
111-115 Smith Street, Cleveland
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NET RENT $1,721,043 p.a. +gst
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LAND AREA 10,820m²
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LEASE TERM 25 years (Feb 23)
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OPTIONS 2x10 years
-
NO. OF LICENCED BEDS 137
Burleigh Waters
10 Executive Drive, Burleigh Waters
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NET RENT $1,325,110 p.a. +gst
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LAND AREA 5,936m²
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LEASE TERM 25 years (Feb 23)
-
OPTIONS 2x10 years
-
NO. OF LICENCED BEDS 115
Buderim
383 Mooloolaba Road, Buderim
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NET RENT $1,445,984 p.a. +gst
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LAND AREA 8,902m²
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LEASE TERM 25 years (Feb 23)
-
OPTIONS 2x10 years
-
NO. OF LICENCED BEDS 120
Beerwah
96-104 Peachester Road, Beerwah
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NET RENT $1,339,338 p.a. +gst
-
LAND AREA 15,070m²
-
LEASE TERM 25 years (Feb 23)
-
OPTIONS 2x10 years
-
NO. OF LICENCED BEDS 99
About Clarence Property
Clarence Property Corporation Limited is the Trustee and Investment Manager of the Fund.
Clarence Property is an experienced investment manager with a strong and consistent track record of successful funds management, property investment, asset management and development.Â
This success is delivered by an experienced team with extensive capabilities in the acquisition, disposal, development and management of retail, commercial and industrial properties and residential and industrial sub-divisions, predominantly in Northern New South Wales and South East Queensland.Â
Clarence Property currently has in excess of $900 million of real estate assets under management, and has been delivering strong returns to investors for over 30 years.Â
For more information about Clarence Property and our Funds, please visit our website at www.clarenceproperty.com.au
Expression of Interest
Interested in future wholesale investment opportunities?
By providing your email address and mobile number you are consenting to receive important information about Clarence Property and its wholesale investment opportunities, including significant event notices, education and market updates via email, SMS, mobile phone app or other electronic means. You are also consenting to receive marketing communications about our products and services.
Disclaimer: ‘Clarence Property’ includes Clarence Property Aged Care HT Pty Ltd ACN 693 625 062 corporate authorised representative (CAR 1319626) of Bentleys (QLD) Advisory Pty Ltd ACN 057 135 636 AFSL 274444. Any information or advice is general advice only and has been prepared by Clarence Property for individuals identified as wholesale investors for the purposes of providing a financial product or financial service under Section 761G or Section 761GA of the Corporations Act 2001 (Cth). Any information or advice does not take into account your particular objectives, financial situation or needs. You should obtain your own personal financial advice from a qualified financial advisor before making any investment decision.
All investment is subject to investment risk, including possible delays in payment or loss of income and principal invested. Any forecasts or figures provided in relation to the Fund are indicative only and subject to change. For more information on key risks, refer to the IM and Supplementary IM for CPACF. Clarence Property and its associates, related entities, officers and directors do not give any guarantee as to the performance of the Fund or any of its sub-trusts. Past performance is not a reliable indicator of future performance.
Please click here to read our Clarence Property Aged Care Fund – Privacy Policy.
News and Investor Updates
Clarence Property Corporation Limited ACN 094 710 942, AFSL 230212, is the issuer of the PDS for Clarence Property Diversified Fund ARSN 095 611 804 and Epiq Lennox Property Trust ARSN 626 201 974. Please read the PDS and TMD at clarenceproperty.com.au before deciding whether to invest.
This website is not intended to be and does not constitute a PDS or any form of disclosure document, as defined by the Corporations Act 2001 (Cth). This website does not constitute an offer for the sale or purchase of units, and does not constitute any recommendation in relation to investing. This website has been prepared without taking into account any particular consumers financial situation, objectives or needs.
Whilst every care has been taken by Clarence Property in the preparation of this website, Clarence Property does not make any representation or warranty as to the accuracy or completeness of any statement in it. Persons viewing this website should conduct their own inquiries and investigations. The information on this website is subject to change, and Clarence Property is not responsible for providing updated information to any person.
Subject to any responsibilities implied by law and which cannot be excluded, Clarence Property is not liable to you for any losses, damages, liabilities, claims and expenses (including but not limited to legal costs and defence or settlement costs) whatsoever arising out of or referable to any material on this website or any third party website whether in contract, tort including negligence, statute or otherwise.
In the spirit of reconciliation Clarence Property acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past, present and emerging and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
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