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33 Burnaby Terrace, Gordon Park, QLD

Offer Summary

Net Return:

30%

Annualized Return:

15%

Investment Term:

24 Months

Offer Open Date:

July 14th, 2017

Offer Close Date:

November 1st, 2017

Expected Completion:

November, 2019

Investment Information

Investment Objective

The purpose of this Offer is to raise capital which will be used to acquire land at 33 Burnaby Terrace, Gordon Park for a property development project and cover the preliminary soft costs of creating the development design. The sale of the developed property upon completion of the development is expected to generate a profit which is how investor returns are paid.

Investment Structure

Investment into this project is managed via an unregistered Unit Trust. A special purpose vehicle (SPV) company has been created to function as the Trustee. All income and capital is distributed to Unit holders according to their number of units. The land acquired for this property development project is wholly owned by the Unit Trust.

Delay Compensation

Not applicable to this offer.

Exit Strategy

Sufficient revenue from the sale of completed properties to facilitate investor payout.

Capital Raise

This is offer is raising a total of $2,000,000 from investors.

Key Financial Info

Development Sales$7.500,000
Development Costs-$5,331,982
Profit Margin$1,229,154
Margin on Project Costs23.05%

A full feasibility study is included in the Information Memorandum for this offer.

Project Information

Project Deliverables

The plans for this property development project involve the demolition of any existing properties on site and the construction of ten townhouses. The Trustee anticipates a final combined market value of $7,500,000.

Zoning & Permits

Gordon Park falls within the jurisdiction of the Brisbane City Council. For this project, we anticipate that we will need to obtain Development Approval from Brisbane City Council, as well as a building permit from a private building surveyor.

Suburb Overview

Approximately 5 kilometres from the Brisbane CBD, Gordon Park is located in Brisbane’s inner-north – the borders of the suburb are marked on the east and south by the Kedron Brook.

The smallest suburb in Brisbane, Gordon Park is renowned for it’s abundant park lands: Hickey Park, Emerson Park, Lanham Park, Corbett Park, Kokoda Park, and Prentice Park.

In recent years, the suburb has become popular with both young families and downsizers seeking close proximity to the CBD without sacrificing quality of life.

Configurations

N/A

Key Market Data

N/A

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