Page 4 - Longyard - Information Memorandum_Neat
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EXECUTIVE
SUMMARY
THE OPPORTUNITY ADDRESS SITE AREA
Capital IQ are delighted to offer for The Longyard Golf Course is a popular facility Greg Norman Drive, Tamworth, NSW, • Site area – 9ha*
syndication a land subdivision alongside located in Tamworth. Locals and visitors get the 2340
the Longyard Golf Course with existing chance to play on a Greg Norman/Bob
residual rental income in place. Harrison designed course, which proudly makes INVESTMENT HIGHLIGHTS SITE AND TITLE DETAILS
it one of the top public access courses in NSW.
The subject property contains 9Ha* of total • A vacant possession opportunity to • Lot 15 on D270231. Zone: General Residential.
land area, and is located within one of The access roads off Greg Norman Drive secure a parcel of 9ha land suited for
Tamworth’s most desirable residential leading to the site, boasts the current development (STCA);
catchments. location of on e of Tamworth’s major sporting • Established cash flow in place with
precinct with a major upgrade currently being existing townhouses rented;
Offer includes: undertaken. Already containing basketball • Tamworth is a tourism hot spot and one
• Equity limited to only $4.5m total courts, an entertainment and conference of NSW largest regional centres;
• Non recourse debt only centre, huge equine facility, and sports dome, • Located on the door step of Tamworth
• Experienced project management and the precinct will soon include a major Regional Entertainment Centre and
land subdivision team in place aquatic centre and cycling velodrome Tamworth Sporting Precinct;
• Existing passive income a s pa r t o f the recently approved and • Close proximity to Tamworth domestic
• Budget ROE 25.2%pa over 4 years^ funded Inland Centre of Sporting Excellence. airport (14 flights inbound and
outbound per day);
Acquisition price of $3.95m includes:
• 1 x 9ha residential subdivision (STCA)
• 3 x residential townhouses (market rent
at $1300 pw)
This document should be read in conjunction
with the Supplementary Material section of this
Information Memorandum.
*Approximately
*Approximately
^Assumed fully completed and
only one sub-division completed
