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814-818 South Pine Road, Everton Park, QLD

Offer Summary

Net Return:

40%

Annualized Return:

20%

Investment Term:

24 Months from Settlement

Offer Open Date:

June 30th, 2017

Offer Close Date:

March 15th, 2018

Expected Completion:

December, 2021

Investment Information

Investment Objective

The purpose of this Offer is to raise capital which will be used to acquire land at 814-818 South Pine Road, Everton Park for a property development project and cover the preliminary soft costs of creating the development design. 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 $4,600,000 from investors.

Key Financial Info

Development Sales$20,750,000
Development Costs-$15,379,229
Borrowing Interest-$360,062
Profit Margin$3,434,799
Margin on Investor Capital68.70%

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 thirty townhouses luxury townhouses. The Trustee anticipates a final combined market value of $20,750,000.

Zoning & Permits

Everton 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

Located less than 10 kilometres from the Brisbane CBD, Airport, and Trade Coast, Everton Park is a prime growth area among Brisbane’s northern suburbs. Teralba Park and Ferguson Park are a short stroll away from these homes, providing a picturesque backdrop to life in Everton Park.

Several schools are within easy walking distance, and Enoggera Train Station has trains arriving every ten minutes for the commute to the CBD. Everton Park is an ideal site full of conveniences that offer a higher quality of life for working families with older children.

Configurations

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Key Market Data

N/A

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