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Perth Investment Property - 188 Loftus St

SORRY – NOW FULLY SUBSCRIBED

“WITH A RETURN ON INITIAL INVESTMENT OF OVER 70% AND A DEVELOPER’S PROFIT OF $100,000, THE ARMCHAIR DEVELOPER™ CONCEPT IS VERY EXCITING.”

Eos is very pleased to announce its latest development proposal at 188  Loftus St,  North Perth.   The site is well located, close to schools, Perth City, Leederville and Northbridge restaurants and a large number of sporting and recreational facilities.  It has the required development zoning and is available for vacant possession.  Our feasibility has indicated significant opportunity for profitable development and the site will hold twelve large , two bedroom, two bathroom apartments with  double car spaces.   The apartments represent an estimated developers profit of over 20%.  The current market in residential real-estate is reflecting a strong demand for rental property in this area and the capital growth prospects are excellent.

This is an ideal investment opportunity for someone seeking a Perth investment property.

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Investment Detail:

Each of the apartment designs has a slightly different value according to location and floor size.  The table below shows the averages.

Project Overview

Initial deposit $140,00
Construction costs $323,000
Total outlay to investor $463,000
Expected final market value $565,000
Expected capital gain $102,000
Expected Rent return unfurnished $510/week
Expected rent furnished $660/week.

                                          

                               

                 

                                      

Please note all these figures need to be confirmed and are only estimates at this stage.

The total cost to investors  includes interest on construction loan, stamp duty, borrowing fees,  commissions and architects fees etc.   Full details are available in the Information Memorandum (IM) for each project.

Investors need to be able to fund the initial deposit  from other sources however the final borrowing can be against the  property.  Estimates indicate that if all funds are borrowed, the property will be cash flow neutral if not slightly positive.

 

Other costs?

It is not anticipated that any further funds will be required.

The apartments will be ”turn key” and supplied with quality fittings and fixtures, ready for tenanting.   A furniture package can be provided if required, however investors will need to provide extra funds (estimated $20,000).

 

Plans

For the full set of plans please contact info@eosproperty.com.au

 

Structure

The investors, with the assistance of Eos, will form a Joint Venture to develop the project and employ a Development Manager to oversee all aspects of the process.  Upon completion each investor will take ownership of their unit and the Joint Venture will dissolve.  All documentation outlining the process will be supplied upon completion of the “Expression of Interest”.

 

Final value

The final market value of these units is based upon formal assessment conducted by one of Perth’s  leading valuation companies.  The valuations are available for viewing upon receipt of the “Expression of Interest”.

 

Rent Returns

Rent returns are based upon market appraisals completed by North Perth real estate agents. Copies of these are printed in the Information Memorandum.

 

Location

plan188loftus.jpg

Tax:

All investors are responsible for seeking their own tax advice, but they need to be aware that selling the property may attract both capital gains tax and GST.

 

Action:

To register your interest in this development and obtain a copy of the Information Memorandum (IM) containing development details, plans and rent letters please complete the Registration of Interest (ROI) by clicking HERE

For further information contact Eos Property Group on 1300 558 114 or

Chris on 0427 444 351

Derek on 0409 882 958