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Shenton Park Fund

Destination. Demand. Design.

A rare and excellent opportunity that ticks all the boxes – prime suburb, great amenities, conducive market, outstanding design and a highly sought after site.

The stars have aligned for this unique investment opportunity that has all the right elements coming together at just the right time.

Targeting 20 – 22% IRR

Excellent Investment Criteria

Prime Location

  • Leafy suburb 4.5km from Perth CBD
  • Minutes from Perth’s best beaches
  • Walking distance to train station (75m)
  • Surrounded by employment centres like UWA, 3 hospitals & Subiaco
  • Only 250m from Shenton College (3rd highest ranked public school)
  • Doorstep of Kings Park
  • Near entertainment hubs – Subiaco & Claremont
  • Excellent variety of amenities, only 650m from Onslow café strip, 900m from Rosalee Park and 400m from Lake Jualbup

Strong Market

  • Most viewed suburb in Perth on Realestate.com
  • Tightly held, established suburb
  • Small suburb with only 1,400 dwellings and high demand
  • Family stronghold with limited supply
  • Resilient, sought after market
  • Established families, affluent professionals aged 35 – 49
  • Strong downsizer and young professional market

Optimal Timing

  • Perth property market heating up
  • Highest sales activity in 5 years combined with extremely low levels of stock on market
  • Western suburbs apartment market experiencing increasingly strong demand
  • Project set to launch to further improved conditions in 2021
  • Sharp population growth expected as Perth lifestyle becomes increasingly attractive
  • Increased activity in mining sector contributing to strong economic projections

The Right Product

  • Architecturally designed to compliment brilliant location
  • Excellent amenities to suit modern apartment living
  • Large, high specification dwellings to meet the market
  • Diverse mix of 1, 2 and 3 bedroom apartment types
  • Views of the city and Kings Park from top levels and proposed roof terrace

Raising Information

  • Target returns –  20+% IRR (60%+ Return on Equity)
  • EOIs – Open now
  • Total raise – $3.8mil Tranche 1, Tranche 2 open for expressions of interest
  • Estimated completion – February 2023
  • Minimum investment – $100,000
  • Eligibility – Wholesale Investors

Following extensive search and negotiations over 12 months, Momentum Wealth has managed to secure and complete initial DD on 6 adjacent blocks in the exclusive suburb of Shenton Park, located only 75m from the Shenton Park train station and surrounded by great amenity in every direction.

These blocks have recently been rezoned to R100 allowing between 50-60 apartments to be built on them.

Key Opportunities:

  • Modelling the cashflow on 56 apartments, however will aim for higher yield on DA through additional apartments and potential commercial component.
  • Modelled conservative sales pricing, improving market may yield higher returns.
  • Recently rezoned transit oriented site with limited direct competition.
  • Staged land settlements allowing approvals to be obtained ahead of full capital deployment.
  • High amenity and employment centre location.
  • Site contours allow for reduced basement costs and city/kings park views.

Express your interest

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.