** 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 Interest button.**
Redeemable Preference Shares in Armadale Development Company LTD.
Dividend Payment at Completion of Project.
929 High Street, Armadale, 3143, Australia
Armadale is only 7kms south-east of the city, sitting between the equally prestigious suburbs of Toorak and Malvern. High Street is an undulating strip of cafes, boutiques, galleries and rug stores, while Glenferrie Road is a little more casual. Off the main roads you’ll find lush green residential streets and highly sought-after private schools.
Redeemable Preference Shares in Armadale Development Company LTD
Return Paid As
The dividend payment will be deemed as income to the investor, please consult your accountant or financial planner for advice on this.
How To Invest
To participate in this investment please download the prospectus and apply here.
|Bank||Commonwealth Bank of Australia|
|Account Name||Armadale Development Company LTD|
|Account No||1379 4873|
* Note that this is a No Obligation Expression of interest, you get to review the Prospectus before making any decisions
Is the 80% rate annualized?
The 80% is for the duration of the project and is an absolute return. We expect the project to be completed in 36 months, equal to an annual compounding return or IRR of 21.5%
Who Owns the Property?
929 High Street Armadale Pty Ltd will be the legal owner of the land throughout the development and until property purchasers settle on the new properties at completion.
What happens if the project takes longer than 36 months?
The Development Team have put together a realistic timeline with a contingency for extra time allowed for. Should the project take longer to complete the return to investors is still 80% and the IRR will reduce according to the additional time.
Can I get my money back earlier or before the project completes?
We cannot offer you liquidity before the project completes. If you do want to sell your shares prior to completion and you find a buyer we will help facilitate the transfer of your shares.
We suggest you plan for the funds to be invested for the life of the project.
Are there any fees associated with the investment?
The 80% return is net of all costs, which means there are no fees for you to invest in the project.
If you invest $100,000, your expected return would be $80,000 and you should be paid back $100,000 + $80,000 = $180,000 on completion of this project.
You may have to pay taxes to the ATO and we suggest you consult your accountant or financial planner to clarify your tax position.