Located approximately 5 Kms from the Coffs Harbour Central District and 1 Km from the Southern Cross University and Coffs Harbour TAFE campuses, "Elements" at Coffs Harbour is perfectly situated to take advantage of the growing demand for land in the thriving township of Coffs Harbour.
Coffs Harbour is located on the Mid North Coast of New South Wales, approximately 530 kilometers north of Syndey. The area comprises the major urban cenre of Coffs Harbour, townships of Sawtell, Toormina, and Woolgoolga, with many small villages and localities along the coast and inland. It is a popular tourist and retiremnet destination. The city is supported by a large commercial and light industrial sector including an all-weather harbour and marina.
Michael Matusik - Property Rationale for Elements at Coffs Harbour
Interview with Jenny Bonfield - Real Estate Agent and Ex Mayor of Coffs Harbour
Interview with Robert Yandell - Development Manager For Elements - Coffs Harbour
|Who Can Invest?||The Offer is open to Self Managed Superannuation Funds (SMSFs) and custodian trusts which satisfy the limited recourse borrowing arrangements for self-managed superannuation funds.|
|Objective of the Fund||Is to purchase the property located at Lots 221 and 12, Stadium Drive, Coffs Harbour NSW 2450 from the Administrator and undertake a land subdivision development comprising 222 allotments in nine stages.|
|Valuation of Property||The property has been secured for investors under an option agreement for $4,000,000 (excluding GST). The Valuer, Preston Rowe Partners has assessed the market value of the Property at $5,600,000 (excluding GST) on an ‘as is’ basis (and assuming development approval) and $40,872,000 (excluding GST) on an ’as if complete’ basis.|
|Minimum application amount||$10,000 per investor. Application amounts in excess of this amount must be in increments of $10,000|
|Targeted Internal rate of return (IRR)||18%|
|Investment Timeframe||48 months|
|Targeted commencement of partial return of investor capital due to sales||Est. February 2015|
|Project Leverage||Less than 35% based on total assets.|
|Responsible Entity /Issuer||SMSF Invest Limited AFSL 422902|
|Promoter||SMSF Partners Pty Ltd AFSL 345905|
|Custodian||Australian Executor Trustees|
* By downloading these documents you agree that this information is of a general nature only and has not taken into account your particular circumstances.
You should consider whether the strategies and investments are
suitable for you or seek personal advice from licensed financial planner before making an investment decision.
Unless specifically stated, the repayment of capital or the forecast performance of this investment is not guaranteed. You can obtain a printed copy of the Part 1 and Part 2 Product Disclosure Statements from SMSF Partners Pty Ltd (AFSL 345 905) for this product.
Offers for interests in SMSFPF may only be made by completing the application form after reading the product disclosure statement (PDS) Part 1 and Part 2 issued 01 July 2013. Printed copies are available upon request by calling SMSF Partners Pty Ltd on 1300 73 72 74.
SMSF Invest Limited (ACN 156 533 041) (SMSFI) holds an Australian Financial Services License (AFSL) #422902.
SMSFI has registered the SMSF Property Development Fund (SMSFPF) ARSN #160 014 488 with ASIC.
SMSFI is the issuer of interests in SMSFPF.
SMSF Partners Pty Ltd (ABN 28 140 520 225) holds an Australian Financial Services Licence (AFSL) # 345905 and is the promoter of interests issued in SMSFPF.
18 SEP 2013
Elements Residential Development Fund received the final Development Approval (DA) from the Coffs Harbour City Council to turn the 32ha site (2 lots of land) into 221 lots.
19 SEP 2013
Development Manager Robert Yandell interviewed on Channel 9 NBN News for news item regarding the property market boom in Coffs Harbour.
Click here to watch the video
20 SEP 2013
Robert Yandell and Jenny Bonfield interviewed on Channel 7 PRIME News regarding the property market boom in Coffs Harbour.
Click here to watch the video
21 SEP 2013
Article from the second page of the Coffs Coast Advocate.
Click here to read the article