Trigg Coastal Fund

Target Returns of 18 – 22% (IRR on equity)

Invest in one of the most exciting coastal mixed-use development projects in an iconic location.

Momentum Wealth has secured an iconic and rare mixed use development site of 685m2 at 331 West Coast Drive, Trigg. The site is currently home to the well-known Yelo café with the current lease in place until April 2020. Located on West Coast Drive, the property realises panoramic views of the Indian Ocean in a position where both residential and commercial property are in high demand and low supply. Distanced approximately 13.5 kilometres northwest of the Perth CBD in one of Perth’s premium coastal suburbs, the site meets the stringent Momentum Wealth Syndicate investment criteria and presents an attractive opportunity for investors.

The site is zoned “Local Centre”, allowing a small scale residential apartment development to be built above ground floor commercial. With the current lease generating serviceable rental income, the timeframe is ideal for Momentum Wealth as developer to produce the design, gain the necessary approvals, and appoint a builder ready for construction on site in 2020. The created product will be high-end and exclusive, matching the key demographic demands of the suburb and surrounding coastal areas.

  • Target Returns – 18% – 22% internal rate of return on equity
  • EOI close date – 7th December 2018
  • Total raise – circa $3,500,000 (TBA at IM)
  • Minimum investment – $50,000
  • Eligibility – Wholesale Investors

Unique Investment Opportunity

  • Outstanding Coastal Location with sweeping views of the Indian Ocean
  • Close proximity to the burgeoning Scarborough Activity Centre
  • Iconic Café lease generating holding income in the short term, with the intent of having Yelo move back in following redevelopment of the site
  • Proposed luxury apartment product in high demand
  • Opportunity to utilise expert market knowledge in preparing DA designs
  • Lucrative returns on offer

Now Receiving

Expressions of Interest 

Please fill in the form below to register your interest to receive more information on the opportunity.

  • By returning this Expression of Interest (EOI) form to Momentum Wealth, you will receive a copy of the Information Memorandum (IM). A completed EOI form is neither binding on you to participate nor does it guarantee a full allocation of units. An allocation of units is subject to completion and receipt of an Application Form as contained in the IM with units principally allocated in the order that each Application is received. The Issuer will allot the units subject to availability following closure of the Offer and subsequent scaling (if any).

Pendragon Capital Ltd (AFSL 237549) has authorised the Trustee to issue units in the Fund to investors who qualify as Wholesale investors