17 Carr St (Sold)  
     
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%
Distribution return in final year 15%
Internal Rate of Return (IRR) 15.5%
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.