This property consists of 10,327sqm of warehouse and 1,237sqm of office accommodation built in 1995 and 2002, situated on a 25,420 sqm site, 5,500sqm of which is vacant land. The property is well located in Ingleburn, 48kms south west of the Sydney CBD and within 1km of the M5 motorway.
The property was acquired in late 2014 for $13.2 million and sold in June 2018 for $23.46 million. The $10.26 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.