The Abernethy Property Syndicate

This property comprised a warehouse leased to Toll Ipec in the eastern industrial suburb of Forrestfield. The lease had three years to run at the time of purchase but a decision was made by the tenant to vacate the property some 18 months after our purchase, leading to a decision by the syndicate members to offer the property for sale or lease. The property was sold in September 2011.

Investment Highlights
Purchase Price
$8,100,000
Building Area
8,801 sqm
Equity Raised
$3,700,000
Average Distribution
11.0%
Internal Rate of Return
22.80%
Syndicate Length
2.25 years