$550,000 gain on Leichhardt warehouse conversion

$550,000 gain on Leichhardt warehouse conversion
$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.

 

 

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Warehouse

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