255 Murray Street, Perth WA

Acquisition Date 14/09/1996
Acquisition Value $4,340,000
Sale Price $12,000,000
Sale Date 25/06/1999
Term Held Eight years
Average Annual Income Return 4.63%
Average Annual Capital Return 29.57%
Average Annual Total Return 34.20%

This property was acquired with a short-term holding income with the plan to convert what was once the National Australia Bank (NAB) head office in Perth into a vibrant, prime retail property on the Murray Street Mall. It was leased to national retailers resulting in substantially improved rents and value.

255 Murray