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This is our new property development fund for our Barbers Paddock project in Moama. This opportunity relates to 'Barbers Paddock', a residential land development of 16 hectares into approximately 143 lots located at Nicholas Drive, Moama, New South Wales.
We expect this fund to raise $3.0 million through the issue of 3.0 million units at $1 per unit and to return 10% per annum (simple interest basis)* to investors. The money raised will provide funding for the development and will be secured by a first registered mortgage.
The Barbers Paddock project is expected to consist of 7 stages, averaging 20 residential allotments per stage. Construction on the project commenced in January 2016. So far, Oliver Hume Property Funds Group has settled on 46 land lots over stages 1 and 2 of the project, which is 78% of lots within these stages. The remaining settlements in those stages are expected to occur over the coming months.
This is our new property development fund for our Barbers Paddock project in Moama. This opportunity relates to 'Barbers Paddock', a residential land development of 16 hectares into approximately 143 lots located at Nicholas Drive, Moama, New South Wales.
We expect this fund to raise $3.0 million through the issue of 3.0 million units at $1 per unit and to return 10% per annum (simple interest basis)* to investors. The money raised will provide funding for the development and will be secured by a first registered mortgage.
CAPITAL RAISING
AUD $3,000,000
MINIMUM INVESTMENT
$50,000
TERM
Approximately 1.5 years with expectation of a partial return of capital after seven months*.
*IMPORTANT INFORMATION: Forecast is subject to certain assumptions and risks, which will be set out in the offer document. This offer is open to recipients who qualify as 'sophisticated investors' and 'professional investors' under the Corporations Act.
