↑Highlighted ↓STAGE 1

Same interior photos as Gardenia just mirror image

With no garage but it has a carport

v

New Project Memorandum

Development Name Central Park

Address Cavanagh St Cheltenham

TOTAL TOWN HOUSES: 208 to be developed in 4 stages – 49 in Stage 1

Type Selling Price Car Space Units Avail.

2 bedrm - Jasmine $535,000 – $550,000 Single Car Garage 20

3 bedrm - Magnolia $625,000 – $640,000 Double Secure Carpark 14

3 bedrm – Camillia $570,000 - $575,000 Single Carport +Car Space

7

3 bedrm - Gardenia $625,000 - $640,000 Single Garage + Car Space

5

3 bedrm + Study – Orchid $775,000 - $825,000 Double Garage 3

Start date: Stage 1 – April 2012 Stage 2,3 and 4 - TBA

Finish Date Stage 1 – December 2012 Stage 2,3 and 4 – December 2013

Assessment Rate(10) Comments

Capital Gain 10 Great Capital Growth especially with this project as the project

lies. A stone’s throw to Southland Shopping Centre and Black Rock and Brighton Beach

Rental Yields 9 Fantastic Rental Yields with only 16 radial km south-east of Melbourne CBD

Infastructure 9 Superb high growth seaside location with well serviced recreational facilities as well as public transport and Southland Shopping Centre

Population Growth 9 Massive population growth in Cheltenham

Vacancy Rates 9 Low vacancy rate due to accessibility to everything – cafes, restaurants and shopping facilities

Property Supply 9 Huge demand from owner occupiers and investors especially as it is renowned for Sandringham beach and Yacht Club.

Buyer Demographics

General Comments