1500 Albany Hwy, Cannington WA
Purchase Date: May 2016 (Refinance Date)
Purchase Price: $4,190,000 (Refinance Price)
Return in Year 1: 17.70%
Tenants: Suncorp Corporate Services (Investment into Pathway Nine Unit Trust)
“Its value rocketed. Its income rocketed.”
Ozdog Properties Unit Trust was the first Properties & Pathways investment. Purchased in 2012, the large and rapid capital growth of the property allowed Properties & Pathways to leverage this investment for the purchase of Tuggerah Supa Centre in 2016 (which achieved 58% profit in 12 months and a 40% return in 18 months).
The asset has a supreme location on the corner of bustling Albany Highway and is tenanted by Suncorp Bank.