Geebung Property Trust
Bus Depot Land Trust
The Bus Depot Land Trust was established to acquire a bus depot in Western Sydney. The property is 18,260 sqm on the corner of Percival Road and the Liverpool-Parramatta Bus Transitway, 6 km from Parramatta CBD and 23 km west of Sydney CBD. The site is predominately asphalt and concrete hardstand.
Capital Invested: $1,000
Capital Returns to date: -
Unit Value in accordance with the valuation policy as at 30 June 2024: $1,000
Distribution yields are expressed as a percentage of the subscription price paid for each unit less any capital return.
1. Each 30 June the Directors of Pipeclay Lawson estimate the value of units in the Trust so that Unitholders can meet certain regulatory reporting requirements. These estimates are provided to Unitholders for this purpose only and are conducted in accordance with Pipeclay Lawson's unit valuation policy. The most recent independent valuation of the Smithfield property was undertaken in December 2023. It valued the property at $26.5 million. After seeking guidance from valuers and or agents the Directors have adopted a total value of $23.475 million for the property in determining their estimate of the unit value for 30 June 2024.
2. The Actual Income Distribution Yield is the Actual Income Distributions divided by the Average Capital Invested during the year. The Bus Depot Land Trust completed the acquisition on 31 May 2024, the Actual and Forecast Income Distribution Yields for the financial year ending 30 June 2024 are annualised.
3. The Forecast Income Distribution Yields are as forecast in the Information Memorandum dated 25 March 2024.
IMPORTANT NOTICE: Past performance is not an indicator of future performance.