$550,000 gain on Leichhardt warehouse conversion
The first Consul General to Houston, Alastair Walton found a pre-auction buyer for his Leichhardt warehouse conversion.
He paid $1.55 million for the warehouse in June last year. It had marketed $1.8 million hopes this time around, and sold before auction at $2.1 million.
There'd been little more than a splash of paint since its previous use as a sign-writing business at 26 MacKenzie Street.
Walton, who was a major fundraiser for the Liberal Party, had most recently been the chairman of BKK Partners, the minnow corporate advisory firm which had Peter Costello briefly as a director, and before that been co-chairman and managing director of Goldman Sachs Australia, taking over from then merchant banker Malcolm Turnbull.
This article was first published in the Saturday Daily Telegraph.