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Sandringham

18-20 George Street, Sandringham VIC

Equity syndication

Mixed use development – industrial, storage and childcare

Acquisition date: November 2015

Forecast project revenue: $18.5 million

Target Investor return: 1.4x equity invested over 24 month investment term

Investment partner: Trumen Corporation Pty Ltd

Overview

Located in Sandringham, one of Melbourne’s Bayside suburbs, the 4,500 m2 property has good access to public transport and the Nepean Highway, and is in close proximity to excellent local amenities including gyms, cafes, parklands and golf courses. The property is currently vacant (formerly a series of small warehouses) and will be immediately developed once approval is obtained from council.

Investment Strategy

The strategy for the investment is to develop, strata and sell the completed warehouse and high-tech units, storage units and a childcare centre over the 24 month investment term. Practical completion is expected in mid 2017.

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