Two modern, well located industrial office/warehouse buildings in sought after locations, securely leased to corporate tenants.
At purchase, the syndicate had a WALE of 3.5 years, with syndicate cash earnings over the initial three years projected to be 10.3% per annum.
64 Axis Place, Larapinta, QLD
Building/Sector Type: Industrial
Acquisition Date: June 2015
Purchase Price: $6.875 million
Sale date: July 2021
Sale price: $9.34 million
22-24 Howleys Road, Notting Hill, VIC
Building/Sector Type: Industrial
Acquisition Date: June 2015
Purchase Price: $5.1 million
Sale date: January 2022
Sale price: $9.0 million