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| Property description |
Office/warehouse complex fully leased by Cecil Brothers (a national distributor of footwear products). |
| Property location |
17 Carr Street, West Perth |
| Syndicate commencement date |
December 1998 |
| Property purchase price |
$3.0 million |
| Sale value |
$3.5 million |
| First year return |
10% |
| Return in final year |
15% |
| Syndicate term |
6 years |
| General comments |
This property was purchased as a yield investment and was sold in March 2005 at $3.5 million. An Internal Rate of Return of 15.5% over the life of the investment was provided to syndicate members. |
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