Harmony Syndicate No. 7

Building type/sector: Commercial

Investor return:
Distribution of 8.0% per annum over the life of the syndicate

The property was sold to a developer in December 2015.  Investors received a distribution of 8.0% pa over the life of the syndicate, together with an increase in investor equity from $1.00 per unit to $1.58 per unit.

Palace Cinema, 292 & 274A Rundle Street, Adelaide, SA

Building/Sector Type: Commercial

Acquisition Date: May 2007
Purchase Price: $3.6 million

Sale date: December 2015
Sale price: $5.5 million