The property comprises two connected buildings of high quality refurbished office space with 4,006 m2 NLA (Site area 3,042 m2) and a secure ground floor/basement car park provides 123 car spaces.
Investment Strategy: Capture capital appreciation through market rental growth, active asset management and conversion from gross to net leases.
Purchase Price / Date
$24.65m / Nov 2017
Current Valuation
$30m / Nov 2022
Equity Raised
$11.98m
Capital Returned
$1.88m
Estimated IRR to Date
13.0% per annum
