Harmony Altona (SOLD)
221 Maidstone Street
Building Type / Sector: Industrial
Aquisition Date: June 2009
Sale Date: March 2015
Purchase Price: $6.5 million and sold in March 2015 for $8.25 million
Investor Return: In addition to the capital gain, investors also received a 10% per annum distribution over the life of this syndicate
Leased until 2020 to CRT Group Pty Ltd, a wholly owned subsidiary of QLD Rail.
At the time of the sale the property was subject to a lease to CRT Group.