THE CURATOR Boutique Development Sydney

WATERLOO SYDNEY


Days Left


$5000

Min Invest

18

Months

20%

Expected Return

64

Investors
$2,530,000 raised of $2,500,000

FUNDING CLOSED
* Note that this is a No Obligation Expression of interest, you get to review the Prospectus before making any decisions
** The information provided on this webpage is only a summary of the offer and may not contain all the information needed to determine if this offer is right for you. You should read the Prospectus in its entirety which can be downloaded in the Downloads section below as well as on the Project application page once you press the FUNDING CLOSED button.

Downloads



Reference Documents





EXPLAINER VIDEO


Project Summary


for whom

Overview

The CURATOR Waterloo is a project undertaken by the Xtra Property Group to construct a new exclusive 3 (three) storey BOUTIQUE development comprising of only 7 (seven) unique BESPOKE apartments designed by international award-winning designers Pappas Alexiou.

Endlessly inspirational and impressively individual, The Curator will be a renowned boutique address where individual designer space will truly be an extension of style. Within the brilliant architectural showcase, owners will have the added luxury of choosing their interior finishes.

Extremely private with only seven residences, choose from one bedroom + study, two bedroom + study and three bedroom apartments. Sensuous indoor spaces with individual outdoor retreats, some with entertaining terraces, courtyards with plunge pools or scenic roof top escape. Acclaimed designers, Pappas Alexiou, have a solid reputation locally and internationally, and with The Curator there is a distinct international inspiration with strong sophistication. This is a new wave of designer living.

Conveniently located in the inner-city Sydney suburb of Waterloo, only an easy stroll from Danks Street farm fresh market & eateries and the new Waterloo Station; promising 2 minute express journeys to Central and 6 minutes to Martin Place, Sydney Harbour, Sydney Opera House and Circular Quay, makes this a much sought after location.

Every apartment is unique in layout and design. All have open-plan living spaces that seamlessly flow onto private outdoor spaces (2 with plunge pools), flow through ventilation and bathed in natural light with eastern district views from the first floor and above.

As a boutique development, we intend to set a new standard in design excellence by offering home-buyers the opportunity to personalise their purchase and customise their interior creating customised unique bespoke apartments. It is highly unusual in development that apartments other than penthouses are offered bespoke fit outs. Although this is a deviation from the traditional cookie-cutter approach to traditional multi-residential development offerings, this is easily managed in a small boutique development of this size (only 7 units) and will feature in the marketing campaign and result in premium sales prices.


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Return & Security

20% Dividend and repurchase of shares at the end of the project (on completion of sales and settlement).
Investors are paid their return after the First Mortgagee (Bank or other lender) but before the Developer sees any return. Investors are also not liable for any borrowings made in the project by the Developer.


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Project Duration

The construction period is 9-12 months and the project duration is 18 months.

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Suburb Profile




75-77 Kellick Street, WATERLOO, 2017, Australia



for whom

Marketability

WATERLOO is a HIGHLY SOUGHT AFTER INNER-CITY SUBURB of SYDNEY.

Endlessly inspirational and impressively individual, The Curator will be a renowned boutique address where one's designer space is truly an extension of one's style. Conveniently located, only an easy stroll from Danks Street farm fresh market & eateries and the new Waterloo Station; promising 2 minute express journeys to Central and 6 minutes to Martin Place. This development will set a new wave of designer living.

Marketability

residents

Marketing Campaign

EXCLUSIVE BY DESIGN, EXCLUSIVE BY PROMOTION.

Within the brilliant architectural showcase, owners will have the added luxury of choosing their interior finishes, share their style – show the world how to live. Extremely private with only seven residences, choose from one bedroom + study, two bedroom + study and three bedroom apartments. Impressive indoor spaces with individual outdoor retreats, some with entertaining terraces, courtyards with plunge pools or scenic rooftop escape.

International award-winning designers, Pappas Alexiou (formerly Charles Alexiou Interior Design & Architecture), have a solid reputation for quality, and with The Curator there is a distinct international inspiration with strong sophistication. You may view many of their previous projects at www.charlesalexiou.com. You can also find their past projects in the 'About us' tab located in the top menu bar.

An exclusive high-end project warrants an exclusive marketing campaign and approach. A professional advertising company that specialises in high-end exclusive property projects has been engaged to produce the marketing material for this project such as, branding, logos, coffee table book, DLX card, floor plans for each unit, various ads and signboards. Some of the marketing material can by found in the 'PROJECT PROGRESS' tab.

The marketing campaign will commence in the coming months and will be exclusively offered by VIP Invitation Only though the sales agents.

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Investment Profile


type

Type


Redeemable Preference Shares.


security

Security


Investors are paid their return after the First Mortgagee (Bank or other lender) but before the Developer sees any return. Investors are also not liable for any borrowings made in the project by the Developer.


expected returns

Expected Returns

20% Dividend and Repurchase.

returns paid as

Return Paid As

Lump sum payment of Dividend and Repurchase at the end of the Project.

Taxation

Taxation


Taxed similar to Debt. Please refer to the prospectus and consult your accountant for specific scenarios.

Project Profile


proposer

Developer


GORDON EBBITT PTY LIMITED (ACN 615 431 402) ("Main SPV")

Developer

duration

Duration


18 Months


current_status

Current Status


The application was lodged and registered with the City of Sydney Council (D/2016/1819) on 22 December 2016. The application was publicly exhibited 9 - 31 January 2017.

PLANS/REPORTS submitted (but not limited to) for DA include:
PLANS
Construction Management Plan
Demolition Plan
Elevation Plans
GFA Calculations
Floor Plans
Landscape Plan
Materials & Finishes Schedules
Photomontage
Roof Plan
Section
Shadow Diagram
Site Analysis
Site Plan
Solar Access Plan
Ventilation Diagram
Waste Management Plan
Notification Plan

CONSULTANT REPORTS
Contamination Report
Design Verification Statement
Environmental Management Plan
Security Management Plan
SEPP65 Report
Statement of Environmental Effects
Stormwater Concept Plan
Stormwater Design Certificate
Survey
Title
Waste Management Plan
ABSA Class 2 Building Certificate
ABSA Stamped Plans
BASIX Certificate
BCA Report

rationale

Rationale


The benefits of investing in the Company include:

a) Participation with small amounts in a Property Development project

b) Fixed Preference returns which will be paid out before any returns are paid out to the Ordinary shareholders

c) Relatively strong investment return over the duration of the project

risk

Risk


All investments carry a risk. There are a number of risks associated with an investment in the Company. Some of the key risks that may impact on the value of your investment in the Company include:

• FINANCING RISK - The project has a borrowing component. There is a risk that current market bank lending criteria may change and alternative funding may be required in order to enable the project to proceed. The Company is not taking on debts itself but the Main SPV to whom it lends will be seeking additional funding.

• CONSTRUCTION DELAYS - Weather delays, Industrial action, delay from contractors, soil issues and a number of unforeseen factors can all cause to stoppages of work.

• INTEREST RATE RISK - Property prices are often susceptible to interest rate changes. Lower interest rates can lead to more purchasers entering the market driving the prices up and vice versa. Any hikes in the interest rate by the RBA can adversely impact the project by making it harder for potential buyers to access funding to purchase the property.

• BORROWER DEFAULT RISK - The Main SPV could default on its obligations to the first mortgagee leading to the first mortgagee stepping in and selling the property at auction. • BANK LENDING POLICIES - In recent months Australian Banks have tightened the lending criteria significantly, especially for foreign home buyers. This has made it harder for both Domestic and International purchasers from acquiring the funding to buy and settle on a property purchase.

• DEPENDENCE UPON KEY PERSONNEL - The Company depends on the talent and experience of the Company's personnel as its primary asset. Should any of its key personnel leave, this may have a negative impact on the Company.

• CONTRACTUAL RISK - There is a risk that contractual counterparties, such as any technology developers and other project contractors, may default on their obligations to the Company thereby leading to delays.

• GEARING RISK - The Main SPV will borrow money from a financier to assist with the financing of the proposed development, and will give the financier security over some or all of its assets. The security provided to the financier will have priority to the security granted to this Company.

• VALUATION RISK - There is a risk that the valuation analysis undertaken by the SPV on which the decision to proceed with the loan to the Main SPV is defective and does not accurately reflect the value of the property at that time or on completion of the development.

• FEASIBILITY AND MARKET RISK - There is a risk that the management feasibility analysis on which the decision to proceed with the loan to the Main SPV is defective and does not accurately reflect the actual outcome on completion of the development.

• GENERAL ECONOMIC CONDITIONS - The Company’s operating and financial performance is influenced by a variety of general economic and business conditions including the level of inflation, interest rates and government fiscal, monetary and regulatory policies.

Further detail on each of these and other Key Risks is provided in the Prospectus in section 13.1.





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How To Invest


Please read the Prospectus and complete and submit the online Application Form by clicking the Invest Now button
Payment of application money must be made electronically by EFT to our applications account within 48 hours of completing the online Application Form. Application Account details as follows:

BankWESTPAC (CNR PITT & HUNTER STS, SYDNEY)
Account Name
BSB 032044
Account No
ReferenceCurator & INVESTOR NAME (This will allow us to match your investment to you)

FUNDING CLOSED
* Note that this is a No Obligation Expression of interest, you get to review the Prospectus before making any decisions

Project FAQs


What is the minimum investment amount?

The minimum investment amount is $5000. Investments greater than $5000 must be in multiples of $1000.

What is the Projected Return on my investment?

The Projected Return on your investment is 20% for the duration of the project.

What is the Project Duration?

The expected Project Duration is 18 months.

What happens if the builder goes bankrupt?

All investments carry risks. All the risks are listed in the Prospectus and you should read it before making any investment decisions. As developers, we take measures to mitigate these risks. We only work with quality builders with a strong reputation, are financially secure and have insurance covers in place. Builders are paid in arrears for works carried-out (not in advance). This helps us manage them and minimise holding costs as well. However, if anything unforeseen were to happen to the builder, they would be replaced with another builder.