fbpx
10 Romsey Street, Noble Park, VIC

Offer Summary

Net Return:

35%

Annualized Return:

21%

Investment Term:

20 Months

Offer Open Date:

December 22nd, 2017

Offer Close Date:

March 9th, 2018

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 10 Romsey Street, Noble Park for a property development project and cover the preliminary soft costs of creating the development design and site acquisition. 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 $1,000,000 from Investors.

Key Financial Info

Development Sales$4,075,000
Development Costs-$2,980,0743
Borrowing Interest-$233,105
Profit Margin$587,731
Margin on Investor Capital58.77%

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

Project Information

Project Deliverables

This Development will allow for the construction of 6 townhouses as well as supporting services and infrastructure.

Zoning & Permits

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

Suburb Overview

Noble Park is a satellite suburb of Melbourne, Victoria, Australia, 25 km south-east of Melbourne’s Central Business District, located within the City of Greater Dandenong area.

There are 122 schools in the vicinity of Noble Park including Nazareth College which is listed as one of the higher ranking secondary schools in Victoria.

Noble Park is serviced by two bus services (Route 811 and 815) and multiple train services (Cranbourne/ Pakenham railway lines) from Noble Park railway station. Noble Park train station (1.1km) is only a short 3 minute drive away from this Development site. Other stations within the vicinity include Sundown Park and Yarraman.

Configurations

#13 x 3.5 x 215m²
#23 x 3.5 x 156m²
#33 x 3.5 x 157m²
#43 x 3.5 x 153m²
#53 x 3.5 x 149m²
#63 x 3.5 x 157m²

Key Market Data

N/A

Are you eligible?

Some of our investment offers are restricted to investors who meet certain criteria. Please complete a quick eligibility test so we can offer you the appropriate investment options for your financial situation.

More Like This:

Wealth Creation - Lion Property Group

Make an
Informed Decision

View our property development info pack to kickstart your property development journey. All the information you need about Lion, our models, and our expert team, in one convenient place, so you can make an educated decision.