Mini-warehouse storage facility comprising 24 strata-titled units ranging in size from 113m2 to 174m2, incorporating ground floor and mezzanine storage spaces with individual bathroom and kitchenette facilities, car-parking, security fencing and appropriate landscaping at the front and rear of the facility.

The site is located in the growing Ormeau area adjacent to the western carriageway of the M1 and facing Tillyroen Road, a busy feeder road for the M1 between Exits 45 and 39.

The initial stage of the development project will be the application to Gold Coast City Council for a material change of use of the site, incorporating a rezoning of the site from Emerging Community to Mixed Use – Fringe Business zone, for the warehousing.

There is a shortage of warehouse – storage units in the northern Gold Coast corridor, particularly south of Yatala. These units appeal to small business operators to storage of tools materials and supplies for the conduct of businesses such as service trades, small internet-based shops requiring fulfilment space and also for private individuals seeking space for the storage of large household and hobby items, including caravans, boats and similar recreation vehicles (man caves).

Through the structure of a Trust, Unitholders will have a direct ownership interest in the Site and the Development Project. The Trust is a managed investment scheme regulated by ASIC in accordance with the investment provisions of the Corporations Act 2001.

The Trust’s Constitution is drafted to align the interests of Unitholders and the Trustee and the objectives of the Development Manager, with the fees payable to the Development Manager being predominantly performance-based.