81 Princes Highway


Acquisition:$39,600,000 (Sep 2015)

Disposal:$54,830,000 (Sep 2018)

Investor IRR:23.41% (1.87 x)

Income Return:8.41% p.a.

Investment Type

Investment Type:Core Plus

Location:South Dandenong, VIC


Investment Summary

  • 3 tenant industrial property sourced off market with short WALE
  • 2 leases renewed, one following extensive negotiation to relocate one of the tenants within the same investment structure to an alternative location to avoid losing them to another landlord
  • Opportunistic sale immediately following renewal of 2nd lease