CFMG Capital has secured a strategic acquisition in the inner Northern Brisbane suburb of Bridgeman Downs - approximately 12km from the Brisbane CBD.
With inner ring sites highly sought after due to the increasingly limited land supply within 15km of major cities, this off market acquisition represents another great opportunity for CFMG Capital and its investors.
The 6.38 hectare site will be launched to market in 2018 as Lomandra Park and will be highly sought after by premium volume builders and owner occupiers alike. Ticking all the boxes when it comes to location, the sites proximity to key existing infrastructure will be a key selling point.
The surrounding suburb area is characterised by established housing and a number of new boutique estates currently under construction.
Key infrastructure nearby includes:
- Multiple primary and secondary schools (public & private) are located within 3km
- Key retail facilities such as Westfield Chermside, and the nearby Aspley Hypermarket and Homemaker City
- 12km from Brisbane Airport
- Major public and two private hospitals
Lomandra Park will comprise of 90 residential home sites with an expected on completion valuation of $38m and with official data now indicating that Brisbane property prices are growing at a faster rate than Sydney the project is predicted to further capitalise on this dynamic.
Prospective investors will be offered the opportunity to invest into the project through the CFMG Land and Opportunity Fund, which offers the potential to invest at a fixed rate of return of 12% per annum for a fixed investment term.
With CFMG Capital’s last four investment opportunities being fully subscribed, with over 85% of funds invested coming from an existing and loyal investor base of over 800 clients, the project is expected to receive strong demand.