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
Building Area
8,801 sqm
Equity Raised
Average Distribution
Internal Rate of Return
Syndicate Length
2.25 years