Pioneer Capital Fund North Wyong
Owner of Storage King North Wyong, NSW
The Fund acquired a purpose built two level self storage facility on completion of construction in December 2015. The store opened for trading in late December 2015 and is licensed as Storage King North Wyong.
Within 2 years of the facility opening, the Fund returned 50% of equity to investors and commenced income distributions paid quarterly in arrears.
The Fund is fully subscribed and no longer issuing units.
The fund is now acquiring a competitor business that will add an extra c. 1000sqm of net lettable area.