Oct 15 (Reuters) - Investec Australia Property Fund IAPJ.J
* Fund has entered into a contract for sale with CTI Freight Systems Pty Limited to acquire property located at 54 Miguel road, Bibra Lake, Western Australia
* Purchase consideration is AUD 26,000,000 which represents an annualised property yield of 7.94%
* No conditions precedent to acquisition of property
* Will be funded through existing debt facility with Westpac Banking Corporation. Fund's gearing post acquisition of property will be 37% Source text for Eikon: ID:nJseO0002a Further company coverage: IAPJ.J