Heathley Medical Property Fund No. 1 – Property sold
Heathley is pleased to announce that the Heathley Medical Property Fund No.1 settled the sale of its only property, 20-22 Mons Road, Westmead NSW. The Property has sold just 2 years into 5 year term, delivering investors a 22% IRR. The sale will provide a very healthy capital return to investors.
The final net sale price of $30.5 million represents an increase of $7.2 million (or 31%) on the previous independent valuation for the property of $23.3 million and has resulted in an investment return for investors exceeding forceast.