Various
The Lake Cathie Fund is acquiring and developing 12 sites within the Catarina Estate, a master plan community in Lake Cathie on the mid-north coast of NSW, about 12km south of Port Macquarie. The beachside land release has direct beach access and will include 3-bedroom, 2-bathroom Catarina Terraces homes on Torrens title and Hampton style Hampton Shores duplex and four-plex homes.
Bedrooms
N/A
Bathrooms
N/A
Size
30096 sq ft
Year Built
N/A
Projected value
The offering costs $5,785,902.96 in total. The property itself is $2,612,923.30, so 121.4% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $4,972,499.94 and a $813,403.02 loan covers the rest.
- Purchase price45.2%$2,612,923.30
- Reserves and improvements37.0%$2,138,278.35
- Closing and offering costs3.8%$221,298.35
- Other14.1%$813,402.96
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
$452.90
Shares Available
0
Minimum Investment
$452.90
Share Holders
N/A
Platform Fee
1.23%
Management Fee
N/A
Leverage
31% debt
Property Type
Other
Bedrooms
0
Bathrooms
0
Size
30096 sq ft
Year Built
N/A
Condition
N/A
