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29 Gort Crescent, Stafford, QLD

Offer Summary

Net Return:

40%

Annualized Return:

20%

Investment Term:

24 Months

Offer Open Date:

March 1st, 2016

Offer Close Date:

July 30th, 2016

Expected Completion:

July 30th, 2018

Investment Information

Investment Objective

The purpose of this Offer is to raise capital which will be used to acquire land at 29 Gort Crescent, Stafford, QLD 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 $1,200,000 from investors.

Key Financial Info

Development Sales$3,750,000
Development Costs-$2,964,416
Borrowing Interest-$37,123
Profit Margin$485,643
Margin on Investor Capital40.47%

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 five townhouses The Trustee anticipates a final combined market value of $3,750,000.

Zoning & Permits

Stafford 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

Stafford is a suburb in Brisbane’s north that provides optimal connectivity to the CBD, Airport, and Trade Coast. Stafford is 6 kilometres from the CBD, 3.4 square kilometres in size, and home to 6,561 people. Originally called Happy Valley, Stafford is a residential suburb with Queenslander-style homes and large quarter-acre blocks. Formerly a post-war suburb, Stafford is seeing an influx of young families looking for homes close to the Brisbane CBD. Stafford lives up to its former name, offering residents a short commute to the CBD, plenty of employment opportunities, amazing weather year-round, and continually improving amenities.

Configurations

N/A

Key Market Data

N/A

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