Harmony Forestville Syndicate
4 Leah Street
Building Type / Sector: Industrial
Aquisition Date: September 2008
Purchase Price: $4.468m
Investor Return: 9.75% per annum plus some debt reduction
12 year lease to Goodman Fielder until 2020.
Inner suburban site zoned for medium density residential redevelopment, with potential for greater density as a consequence of rezoning currently being considered by Council and State Government.