Capital Raising – Residential Apartment Development

Price: Expressions of Interest Location: Gold Coast, QLD Ref: 3087118
Anthony Papas
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Property Headline :
Capital Raising – Residential Apartment Development
Price :
Expressions of Interest
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Full Description :

A luxurious boutique residential apartment development in the heart of Surfers Paradise at the Gold Coast. This magnificent development will include 30 magnificent storeys with dazzling skyline views of Surfers Paradise. Situated in a central location, the development will encompass luxury, elegance, and sophistication all combined within a relaxed atmosphere. The project entails construction of a 3 level basement carpark, with 2 podium levels including 5 townhouse apartments, manager’s unit, retail and residential facilities. One tower at 28 levels which comprise of 228 apartments. 1. We are seeking $1.5M. The return is 20% pa and returns are payable every quarter. Funds are for 1 year and option to extend for another 1 year. 2. Once the $1.5M is secured, a land acquisition will occur. A further $14M raise in a debt arrangement for a period of 1 year with interest capitalised (additional) or $14M of Equity in JV arrangement. 3. Potential for a JV arrangement with funding up to $117M. To receive further information please complete the below registration:

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Total Land Area : 2959 Square Metres

Total Floor Area : 22115 Square Metres

Tenancy : Vacant Possession

Reason for Sale : Capital raising opportunity.

Business Potential : Great potential for an investor to get in early.

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