Zest Health Club (Sold)  
Property description Modern gymnasium facility fully leased by the Zest Health Club group.
Property location Chesterfield Road , Mirrabooka
Syndicate commencement date October 1999
Property purchase price $2.375 million
Sale value $3.8 million
First year return 13.5%
Distribution return in final year 15.5%
Internal Rate of Return (IRR) 19.9%
Syndicate term 10 years
General comments This property was sold in October 2006 at $3.8 million. An Internal Rate of Return of 19.9% over the life of the investment was provided to syndicate members.