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Crawley Riverfront Fund

Location. Luxury. Landmark.

A rare, sought-after opportunity in an iconic, blue-chip location on the riverfront.

Invitation to participate in another exclusive, landmark project by Momentum Wealth.

Targeting 18-20+% IRR (45%+ Return on Equity)*

Excellent Investment Criteria

Prized Location

  • Highly sought-after premium suburb of Crawley
  • Rare piece of land located on the riverfront with sweeping views of the Swan River
  • Just 3Km from Perth CBD, close enough to amenities without the stress
  • Featuring unobstructed views of Swan River at the doorstep and Kings Park as the ‘backyard’,
  • University of Western Australia, Sir Charles Gairdner Hospital, Hollywood Hospital and Matilda Bay Reserve all a short walk/drive away
  • Well placed on the western fringe of the Perth CBD and well connected with Perth’s exclusive western suburbs region via Stirling Highway

Strong Market

  • Proposed development will be the first new apartment project fronting Mounts Bay road in more than 10 years
  • Boutique development with luxury apartment product in high demand for both owner occupiers and investors alike
  • Small, tightly held residential pocket between Kings Park and Mounts Bay Road with very limited prospects of future supply
  • Adjacent apartment complexes have become dated with build years in the mid-2000’s or earlier
  • Luxury, boutique nature of the development designed to appeal to affluent downsizers from the local area and surrounds.
  • Proximity to the CBD, Hospitals and the University of Western Australia will appeal to international and interstate buyers who will make up a portion of the target demographic

Optimal Timing

  • Expected uplift in Perth residential values provides potential upside on already attractive returns
  • As Perth responds strongly from the COVID19 pandemic, it becomes an increasingly attractive location for international and interstate buyers
  • Western suburbs apartment market experiencing increasingly strong demand
  • Population growth expected as Perth lifestyle and location becomes increasingly attractive
  • Increased activity in mining sector contributing to strong economic projections

The Right Product

  • Proposed luxury, landmark development will be unrivalled along Mounts Bay Road in terms of new, high specification apartment product*
  • All apartments to include multiple, large outdoor living areas to capitalise on stunning river views and northern light*
  • The built form will be sculpted to allow excellent access to northern light, view corridors and cross ventilation*
  • Multiple dwelling residential development comprising approximately 8-10 luxury apartments*
  • Whole-floor apartments for most floors*
  • Three parking bays per apartment*

 

*subject to change

Raising Information

  • Target returns – 18-20+% IRR (45%+ Return on Equity)*
  • EOIs – Open now
  • Total raise –$10m. (20% payable at application, 80% in Mar ’21)
  • Estimated construction completion –  February 2023
  • Minimum investment – $100,000
  • Eligibility – Wholesale Investors

Following extensive search and negotiations, Momentum Wealth has managed to secure and complete initial DD on a rare 1,539sqm site in the exclusive suburb of Crawley, located on the riverfront, with sweeping views of the Swan River never to be obstructed.

Key Opportunities:

  • Rare piece of riverfront land with proposed development the first new apartment offering on Mounts Bay Road in more than 10 years.
  • The site is located in a small, tightly held residential pocket between Kings Park and Mounts Bay Road with very limited prospects of future supply.
  • Expected uplift in Perth residential values provides potential upside on already attractive returns
  • Strong amenity in the area with Kings Park, City, UWA, retail strips, excellent restaurants and hospitals in the area.
  • Product and amenities will appeal strongly to local, interstate and international buyers.
  • Well placed on the western fringe of the Perth CBD and well connected with Perth’s exclusive western suburbs region via Stirling Highway.

* Projected returns are not promised nor guaranteed. Projections are based upon a number of assumptions as to future events (please refer to the Information Memorandum for more details) which should not be relied upon as an indication of future performance.  Any investment is also subject to a number of risks and if actual events do not match the assumptions or if a risk materialises, then this may have an impact the value your investment. Please read the Information Memorandum before investing. The target return range is a target only, not a forecast and it might not be achieved.

Past performance is not a reliable indicator of future performance.

EOI CLOSED

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Please read the Information Memorandum before investing. All investment carries risk and you should check to see whether the investment is suitable to your circumstances. Investment only available to wholesale investors as defined under the Corporations Act.

 

Pendragon Capital Pty Ltd AFSL: 237549