Burelli Street, Wollongong, NSW

Burelli Street, Wollongong, NSW

ACQUIRED IN NOVEMBER 2012 FOR $8.1M
SOLD IN MAY 2018 FOR $12.0M

Description:
2650sqm office and retail building in Wollongong CBD with one lift and 65 secure parking bays.

Fund Term:
5 Years

Strategy:
Acquired in November 2012 for $8.1m
Sold in May 2018 for $12.0m
Eagle Property Group upgraded the building and improved rents.
Got Development Approval for an additional 2000sqm of building area.

Performance:
Internal Rate of Return – 15.97% (Net of Fees)
Capital Gain – 53.00% (Net of Fees)