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transcript
Property Investment Report
PIR – 1451
Botanica Residences
2-4 Edmondstone Street
South Brisbane QLD 4101
Part 2 of 2
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
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CONFIDENTIAL - 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.
Table of Contents
Table of Contents ......................................................................................................................... 2
Disclaimer ..................................................................................................................................... 3
About the Developer..................................................................................................................... 4
About the Architect ....................................................................................................................... 8
About the builder .......................................................................................................................... 8
Appendix I | Floor & Site Plans .................................................................................................... 9
Appendix II | Schedule of Finishes ............................................................................................ 24
Appendix III | Comparable Sales ............................................................................................... 25
Appendix IV | Depreciation Schedules ...................................................................................... 30
Appendix V | Body Corporate Fees ........................................................................................... 34
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CONFIDENTIAL - 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.
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CONFIDENTIAL - 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.
About the Developer
ARIA Property Group is a globally diverse development and investment company owned and
managed by father and son team, Rod and Tim Forrester.
Tim founded ARIA in 2003 and is Managing Director. Since its founding, the company has built a
wholly owned and managed investment portfolio to the value of AU$250 million, which comprises 63
commercial, retail and industrial tenancies producing a Rental Income of AU$10 million per annum.
ARIA’s development portfolio – valued at $600 million - includes high quality residential apartment
projects ranging from beachside locations, ski resorts and winery developments to key inner city
urban renewal precincts in Australia and the United States.
ARIA's professional team is focused on excellence, bringing together a range of skills and expertise
in property development, management, investment, construction, sales and marketing . The team is
committed to developing quality projects that exceed client expectations.
ARIA's model of international diversification enables the company to be responsive and counter
cyclical in global property markets and to continue to build upon its international development and
investment workbook.
The Forrester family has a long association with property. Tim's father, Rod, was a founding
Managing Director and CEO, from 1987 to 2003, of the FKP Property Group which is a Top 200 ASX
listed public company in Australia.
http://www.ariaproperty.com.au/
Below are some comments from investors who have previously purchased an apartment from ARIA
Property Group;
Dear Michael,
I wanted to say thank you so much for the gift that you sent. I could not believe it when I opened the
package and saw what it was and I am just delighted. I did ring to try to thank you in person, but you
are probably still recovering from the craziness of the past few weeks!
We are thrilled with the apartment - it has turned out so well and we are settling in - we moved our
belongings in by Thursday night! It has such a great atmosphere and we are all very happy.
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CONFIDENTIAL - 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.
Everyone is asking me what's next, so although we missed out on Austin I'm hoping that there are
other projects in the pipeline that we can get involved in.
Thank you for all your help and patience. You have made this such a great experience and everyone
I have dealt with at Aria has been equally professional and helpful.
With kind regards
Hi Chris,
These are great photos.
I just wanted to thank you for all your help on this purchase it has been a real pleasure and I would
recommend Aria to anyone looking for an apartment to own.
Hi Michael,
Thanks for the pics (much better than my camera!). As you said it all comes together in a hurry at
the end. The apartment and entrance look terrific!
Thanks so much for showing us around on Friday. We really enjoyed the experience and came away
very confident we have made a good investment. And it’s in capable hands with Neil and
Kerrie. Please thank Chris for coming down to meet us too.
All the best with you next project.
Chris,
Thanks for sending the photos of our apartment, we appreciated the opportunity to view the final look
of the apartment. The building and apartment look great, congratulations to yourself and ARIA.
Thanks for keeping us informed throughout the building process.
We look for a successful relationship with ARIA. Thanks again and good luck with your future
projects
Dear Chris,
Thank you so much for all your help. I can’t believe how lucky I have been. The settlement went
through smoothly and I already have a tenant and have received my first rental statement – how cool
is that.
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CONFIDENTIAL - 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.
Hi Michael,
Thank you for your email and photos.
I agree, our unit and the building are certainly looking first class.
Thanks for all your help of the last 18 months or so,
Kind regards and speak soon
Hi Chris
Thanks for the photo updates, the green wall does look fantastic - the plants seem to have
established well.
It looks awesome!
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CONFIDENTIAL - 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.
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CONFIDENTIAL - 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.
About the Architect
Botanica Residences have been designed by award winning architects Rothe Lowman.
Rothe Lowman are a dynamic architectural and interiors practice helping to shape Australia's
commercial and residential landscape.
Established in 1991 and led by respected architects and industry specialists they present solutions
that create long-term value for clients, their clientele and the broader community.
http://www.rothelowman.com.au/
About the builder
Botanica Residences will be built by the award winning builder CMF Projects who have a long
standing relationship with Aria Property.
http://cmfprojects.com.au/awards.php
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CONFIDENTIAL - 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.
Appendix I | Floor & Site Plans
Ground Floor Plan
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CONFIDENTIAL - 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.
Roof Terrace Floor Plan
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CONFIDENTIAL - 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.
Typical Floor Plan
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 01
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 02
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 03
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 04
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 05
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 06
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 07
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 08
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 09
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 10
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 11
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CONFIDENTIAL - 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.
Floor Plan – Unit Type 12
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CONFIDENTIAL - 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.
Appendix II | Schedule of Finishes
In addition to the standard list of inclusions below, we have also been able to secure blinds for your
apartment, as well as a full depreciation schedule upon completion.
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CONFIDENTIAL - 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.
Appendix III | Comparable Sales
Other examples of property on the market include this recent project on Fish Lane which is asking
higher prices for apartments with an inferior location and inferior views.
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CONFIDENTIAL - 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.
The following apartment is on the market at the moment. It is smaller internally that the majority of
two bedders in the Botanica Residences, and is $38,000 more expensive that the dearest 2 bedroom
apartment in Botanica. Furthermore it is on level 15 compared to the dearest 2 bedroom apartment in
Botanica which is on level 16.
https://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/QLD/South-
Brisbane/?adid=2010305976
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CONFIDENTIAL - 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.
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CONFIDENTIAL - 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.
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CONFIDENTIAL - 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.
Price Lists from Other Brisbane Developments
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CONFIDENTIAL - 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.
Appendix IV | Depreciation Schedules
Example Depreciation Schedule – 1 Bedroom Unit Unfurnished
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CONFIDENTIAL - 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.
Example Depreciation Schedule – 1 Bedroom Unit Furnished
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CONFIDENTIAL - 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.
Example Depreciation Schedule – 2 Bedroom Unit Unfurnished
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CONFIDENTIAL - 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.
Example Depreciation Schedule – 2 Bedroom Unit Furnished
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CONFIDENTIAL - 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.
Appendix V | Body Corporate Fees
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CONFIDENTIAL - 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.
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CONFIDENTIAL - 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.
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CONFIDENTIAL - 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.