Project Description

Sapphire at Eden – Investment Open

Radisson Hotel and Apartments with 270-degree water views.

The site was until recently used as the Eden Fisherman’s Club positioned on one of the highest points in Eden with 270-degree water views.

Joseph Banks Property Fund (“JBPF”) has entered into arrangements to acquire the site located at 215 – 217, 221 & 223 Imlay Street Eden through one of its subsidiaries, XXXX Pty Limited (“Sapphire of Eden”)

Sapphire of Eden has entered into a joint venture agreement with the developer to work in conjunction with JBPF and its consultants to bring the development to its completion.

The highlights of this opportunity are:-

  • 78 Room Radisson Signature Hotel – 4 Star with Management Agreement signed
  • 86 Apartments comprising of one, two and three bedrooms with a 50% presold
  • 18 Months construction period
  • Minimum investment of $500,000 (wholesale investor)
  • Major development approvals in place
  • 20 minutes from airport servicing all major capital cities
  • 270-degree water views
  • 5 minutes to beautiful beaches
  • Taking advantage of local downsizers
  • Proving quality accommodation for sea changers
  • Strong tourist demand from Canberra, Melbourne and Sydney

Project Name

Sapphire at Eden

Location

Imlay and Chandos Streets Eden NSW Australia

Target Return – Annualised

19.50%

Fund Size

$20,000,000

Minimum Investment

$100,000 unless prior arrangements

Term

18 – 24 Months

Fund Manager

Solander Funds Management Pty Limited

Trustee & Custodian

Quay Fund Services Pty Limited

Developer Manager

Lincolnshire Property Group Pty Limited atf the Lincolnshire Property Trust, an associate of the Fund Manager, has been appointed as the development manager of the project. Further information on Lincolnshire Property Group is contained in the Application Form.

Gross Realisation

$120,000,000

Download Information Memorandum