23 – 29 Fargo Way


Acquisition:$7,000,000 (May 2009)​

Disposal:$8,100,000 (Dec 2019)​

Investor IRR:13.54%

Income Return:11.98% p.a.

Investment Type

Investment Type:Value Add to Hold

Location:Welshpool, WA


Investment Summary

  • A 1.6 hectare industrial holding improved with two separately leased office warehouse buildings with a GLA of c.7,700 sqm
  • Acquired shortly after the GFC at rents considerably below market
  • Numerous staged refurbishment upgrades to coincide with lease renewals were undertaken during the hold period of over 10 years