2 Mary St
KPI01 Fund is a fractional investment in a residential property at 2 Mary St in Toorak, Victoria, around 5kms south east of Melbourne's Central Business District. The fund acquires, renovates or develops undervalued residential housing, then sells or retains the properties, and may retain and lease some assets. Its focus is on Australian metropolitan areas.
Bedrooms
4
Bathrooms
2
Size
4790 sq ft
Year Built
N/A
Projected value
The offering costs $2,455,391.25 in total. The property itself is $1,787,500.00, so 37.4% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $1,170,000.00 and a $1,285,391.25 loan covers the rest.
- Purchase price72.8%$1,787,500.00
- Reserves and improvements20.1%$494,503.75
- Closing and offering costs5.7%$139,246.25
- Other1.4%$34,141.25
Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.
Total Shares
10,000
Share Price
$130.00
Shares Available
0
Minimum Investment
$130.00
Share Holders
N/A
Platform Fee
2.18%
Management Fee
N/A
Leverage
72% debt
Property Type
Other
Bedrooms
4
Bathrooms
2
Size
4790 sq ft
Year Built
N/A
Condition
N/A
