This property consists of 10,904sqm of warehouse space and 1,755sqm of office accommodation built in 1990 on a 20,300 sqm site. It is located in Wetherill Park, the largest industrial precinct in Sydney’s West, 35kms due west of the Sydney CBD and 10kms due west of the Parramatta CBD.
The property was acquired in late 2015 for $15.5 million and sold in October 2019 for $24.4 million. The $8.9 million increase in value was substantially higher than forecast at the time of purchase. Along with quarterly income distributions, investors have received an internal rate of return of 18.7% per annum.