** The information provided on this webpage is only a summary of the offer and may not contain all the information needed to determine if this offer is right for you. You should read the Prospectus in its entirety which can be downloaded in the Downloads section below as well as on the Project application page once you press the Invest Now button.
On completion of development of the 9 townhouses at 246-250 Highbury Road, Mount Waverley, VIC 3149 (“land”), they will be sold on the market at the best available price. The Main SPV intends to use the receipts from the sale of the developed residential townhouses to repay the loan and associated interest to the Company. Investors in this offer will receive a Preference dividend as defined in the below table on their investment amount at this time. The expected time for the completion for this project is 18 months. It is however possible that the project may finish sooner. It is also possible that weather and other delays (see risks) may delay the completion of this project. In both scenarios investors Preference dividend return is fixed based on the amount they invest as outlined in the following table and will not change regardless of the time taken for the project. The Company will pay any Dividends only out of proceeds received as interest from the loan made to the Main SPV (Development Company explained further down) This loan payment can only be done using the proceeds from the sale of the developed residential townhouses at 246-250 Highbury Road, Mount Waverley, VIC 3149 (“land”) and the Main SPV may extend the project time frame until such sales is achieved.
Investors are paid out their full return before Developer gets any shares of profits.
18% on invested amount paid at the end of 18 months or project completion, whichever is later.
250-256 Highbury Road, Mount Waverley, 3149, Australia
Return Paid As
How To Invest
|Bank||National Australia Bank|
|Account Name||Highbury Capital Limited|