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19-23 Hamley Street, Wooloowin, QLD

Offer Summary

Net Return:

40%

Annualized Return:

16%

Investment Term:

30 months

Offer Open Date:

July 1st, 2017

Offer Close Date:

August 15th, 2017

Expected Completion:

December 30, 2020

Investment Information

Investment Objective

The purpose of this Offer is to raise capital which will be used to acquire land at 19-23 Hamley St, Wooloowin for a property development project and cover the land acquisition costs.The sale of the developed properties 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 Offer is raising a total of $1,300,000 from Investors.

Key Financial Info

Development Sales$7,563,000
Development Costs-$5,767,654
Borrowing Interest-$233,214
Profit Margin$1,026,4058
Margin on Investor Capital78.95%

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 renovation of the two existing Queenslander-style homes on site and the construction of seven townhouses. The Trustee anticipates a final combined market value of $7,563,000.

Zoning & Permits

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

Suburb Overview

Wooloowin is an inner-Northern suburb of Brisbane, located approximately six kilometres north of the CBD. There are many notable heritage-listed sites in Wooloowin, owing to the area’s history as a post-war suburb. Amongst the heritage-listed homes, some notable sites are Albion Fire Station, Holy Cross Laundry, and Tram Substation No. 8.

Wooloowin has a population of just under 4,000 people, having recently split into two suburbs: Wooloowin and Kalinga. Wooloowin is slightly more multicultural than the national average, with common ancestries including India, New Zealand, Nepal, England, and Italy.

Configurations

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Key Market Data

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