PIR 1151 48 Gidley St, St Marys, NSW Property Investment Report
Total Page:16
File Type:pdf, Size:1020Kb
Property Investment Report PIR 1 151 48 Gidley St, St Marys, NSW Positive Real Estate Pty Ltd Suite 3, Level 2, 11 Albany St St Leonards NSW 2065 P: +61 1300 365 886 F: +61 2 8282 4432 www.positiverealestate.com.au Table of Contents Table of Contents ............................................................................................... 2 Disclaimer......................................................................................................... 3 Property Snapshot –PIR 1151 .............................................................................. 4 Liquidity Meter .................................................................................................. 5 Property Overview ............................................................................................. 6 Key Investment Indicators ............................................................................ 6 Reasons to invest in St Mary’s ............................................................................. 7 Price List .......................................................................................................... 8 Tenancy Details ................................................................................................. 8 Artist Impressions .............................................................................................. 9 Location and Surroundings ................................................................................ 19 Transport ........................................................................................................ 19 Schools .......................................................................................................... 19 Commercial Area ............................................................................................. 19 City of Penrith ................................................................................................. 20 Landmarks and Tourist Attractions ..................................................................... 20 Education ....................................................................................................... 20 Penrith Shopping & Stores ................................................................................. 20 Location Map ................................................................................................... 21 Google Earth Map ............................................................................................ 22 Google Street View .......................................................................................... 23 Property Financial Details .................................................................................. 24 Unit 2 -10 Year Forecast ............................................................................. 24 Unit 2 –Financial Summary ......................................................................... 25 Unit 4 -10 Year Forecast ............................................................................. 26 Unit 4 –Financial Summary ......................................................................... 27 Appendix I| Rental Appraisals ............................................................................ 28 Schecule of finishes .......................................................................................... 29 Appendix II| Site Plans ..................................................................................... 29 Appendix III| Floor Plans ................................................................................... 31 Appendix IV| Capital Growth Rates ..................................................................... 33 Appendix V| Demographic Details ....................................................................... 35 Appendix VII| Risks .......................................................................................... 37 Appendix VIII| Glossary of Terms ....................................................................... 39 APPENDIX IX| FAQ’s ......................................................................................... 41 CONFIDENTIAL | PAGE 2 Copyright 2009. Positive Real Estate Pty Ltd All information contained in this report collated from third parties and provided in good faith. No representation is given or implied as to its accuracy or its interpretation. All interested parties must rely on their own research before making any investment decision. Disclaimer Positive Real Estate Pty Ltd does not provide advice on investments. All interested parties must rely on their own research before making any investment decision and should seek advice from a qualified Financial Planner or similar professional. The information contained within this document has been compiled from various sources to assist you in conducting your due-diligence. Please ensure you validate all information contained within this document. All sources for information contained within this Property Summary will be disclosed at your request. Positive Real Estate Pty Ltd will not accept responsibility for inaccurate information provided from external sources or third parties. As part of your due-diligence, it is the Purchaser’s responsibility to seek a legal opinion of the contract and any additional terms or clauses. You must adhere to the terms, conditions and subject clauses contained within the contract of sale. We note that Positive Real Estate Pty Ltd has made a number of assumptions when preparing this analysis – these assumptions have a material impact on the financials and therefore should be assessed carefully by investors. CONFIDENTIAL | PAGE 3 Copyright 2009. Positive Real Estate Pty Ltd All information contained in this report collated from third parties and provided in good faith. No representation is given or implied as to its accuracy or its interpretation. All interested parties must rely on their own research before making any investment decision. Property Snapshot –PIR 1151 Investment Brief Demographics Young working families, 10,000 new jobs to be generated at Erskine Park Infrastructure - Only a few Km’s to the new Erskine Park Employment Area, $2 billion of investment in this project. Home to Coles, Woolworths, Investment Type Growth/OTP Linfox, Kimberly Clarke, BlueScope Steel, TNT Stage OTP Logistics, Chep, Corporate Express, CSC and more. - Construction underway on Zoning Residential Erskine Park/M7 Link Road - Closely located to M7 and Internal Size 96 - 125 sqm M4. Only 750m kilometers to St Marys Railway Station. Property Age OTP - Projected new Industrial Floorspace for Eastern Creek Furnished N/A of 200,000m2 Lending Category 90% Max Full Doc Average Yield 5.8% Liquidity Of Liquid Supply And Demand increasing in line Market Demand with infrastructure spending and population growth to the West. Strong demand also created from 10 year growth of 9-10%pa. Limited supply. Conditions Of Sale Population St Marys: Approx 10,000 Contract Date ASAP Penrith LGA: Approx 185,000 Settlement Completion due approx Date May 2012 Statistics Sunset date June 2012 Investment $315,000 - $335,000 Initial Deposit $31,500 - $33,500 10% Rates Approx $1360 p.a Total $38,000 - $41,500 Weekly Rent $380-410pw Estimated Purchasing Vacancy Low Costs Estimate Deposit Types Cash Gross Yield 6.2% Subject Clauses 7 day exchange Net Yield 4.5 – 4.6% 10% deposit due at exchange Implied Tax Rate 30% Lease N/A Yr1 Pre Tax Cash Agreement (-$8,322) – (-$5,545) Flow p.a. Yr1 After Tax (-$2,568) – (-$539) Cash Flow p.a. Note: Completed on 100% finance. For more financial information see property financial details. Buyers please be aware that all information has been collected by third parties and buyers need to conduct their own further due diligence on all aspects suggested within this report . CONFIDENTIAL | PAGE 4 Liquidity Meter CONFIDENTIAL | PAGE 5 Copyright 2009. Positive Real Estate Pty Ltd All information contained in this report collated from third parties and provided in good faith. No representation is given or implied as to its accuracy or its interpretation. All interested parties must rely on their own research before making any investment decision. Property Overview Positive Real Estate has secured a fantastic investment opportunity in Sydney’s booming western suburb of St Marys. The development consists of 4 double storey townhouses, 3 of which contain 3 bedrooms, and 1 with 2 bedrooms. Each townhouse has a single lock-up garage, and a large courtyard. This type of property is perfectly suited to the demographics of the area, as young working families look for suitable accommodation. The suburb of St Marys is located approximately 46km west of the Sydney CBD, and 24km from Sydney’s 6th largest CBD, Parramatta. St Marys Village shopping centre is a home to Woolworths and Target, plus 42 specialty stores including fresh food, takeaway, fashion and accessories, jewellery, a hairdresser, home wares, travel, pharmacy and a medical centre. http://www.stmarysvillage.com.au/ The Population of the Penrith East LGA is predicted to increase by 27% over the next 25 years. This solid and consistent growth will ensure demand for property in the local area is maintained well into the future. Adding to this is the new Erskine Park Employment centre which is estimated to generate in excess of 10,000 new jobs. The location of this development is second to none, with all amenities within 1km, including train station, shopping centre, schools parks etc. Being only 8 months off the plan, having a low price point,