High Yielding, Joint Venture Syndicate
Boutique Residential Development in Prime Location
“Marais” 216 Moray Street, New Farm
Opportunity for investors to be part of an exceptional Joint Venture Development Syndicate at
216 Moray Street, New Farm. The development will be comprised of
28 apartments with a mix of 3 and 2 bedrooms (STCA – Subject to Council Approval)*.
Approx 2.5 km from the Brisbane CBD, this prime location is a short stroll to Brunswick Street’s restaurants and New Farm Park. Each apartment will have its own car park, security, air conditioning and high quality residential fit-out. 8 apartments will have their own courtyard and all others have extensive balconies. Top floor apartments will have impressive views across New Farm.
Investment Benefits and Features:
- Anticipated 75%+ return on equity approx over 20 – 24 months
- High demand and growth location
- 6 x 3 bed+2 bath+2 car, 22 x 2 bed+2 bth+1 car (STCA)*
- Includes 8 ground floor apartments with courtyards (STCA)*
- 3 bed apartments up to $800k, 2 bed apartments up to $625k+
- Roof Top Pool & Entertainment area
- Walk to restaurants, bus, City Cat, schools, shops and New Farm Park.
- 60 days due diligence, 90 day settlement period (STCA)*
- Town planning and BA negotiations with Brisbane City Council underway, with a favourable outcome anticipated
Entry into this excellent syndication requires an investment of
$215,400 or $430,800 for one or two “shares” respectively. Investors can take an apartment as an option. Conservative finance is anticipated to be on a limited recourse basis. We recommend you move sooner than later if you wish to be part of this exciting joint venture / investment.
For further details contact: Gil Williams: 0418 545 734 or Phil Nyssen: 0439 937 976
