Harmony Officeworks

Building type/sector: Retail/Commercial
Sale Date: December 2019
Sale Price: $9.05 million

Investor return:
Equivalent to 8.0% per annum, together with an increase in investor equity from $1.00 to $1.46 per unit

A purpose built Showroom in an established Bulky Goods precinct.  Leased to Officeworks for eight years with four rights of renewal each for five further years.

939 Marion Road, Mitchell Park, SA

Building/Sector Type: Retail/Commercial

Acquisition Date: May 2013
Purchase Price: $6.64 million

Sale date: December 2019
Sale price: $9.05 million