This eight level office building was acquired in 2012 for $22 million and sold for $42 million in October 2017. The $20 million profit plus quarterly distributions delivered an internal rate of return of 18.36% per annum over the five investment period.
This fund consisted of two industrial properties located in the suburbs of Ingleburn and Wetherill Park NSW. These single tenant properties were acquired during late 2014 and early 2015 into the same fund.
In June 2018 the Fund took advantage of the strong Sydney property market and sold the Ingleburn property netting a profit of $10.26 million or a 21.37% IRR for investors.
In October 2019 the Wetherill Park property was sold for a $8.9 million profit, delivering an internal rate of return in excess of 18% per annum.
This four level office building was acquired in September 2015 for $14.56 million and sold for $26.25 million in December of 2019. The $11.69 million profit, along with quarterly income distributions has deliver an internal rate of return of 18.0% per annum to investors over the 4 year investment term.