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Property Summary Property Name:                     Waterpoint Location:                                 Shepherds Bay, NSW Type:                                        1, 2, 3 bed Apartment Expected Completion:         Early 2009 Tenant Profile:                       Mainly professionals with or without children

PROJECT DESCRIPTION

A mixed-use development which comprises high quality residential apartments, a Franklins supermarket, various retails shops, a commercially operated gymnasium and swimming pool, cafe, and other commercial spaces - all right at the Meadowbank Bus and Ferry interchange.

PROJECT FEATURES

• Ferry, bus terminals adjacent to the Estate; train station 2-3 mins walk
• Onsite Shopping Centre comprising of a Franklins supermarket (due to open June 2008), a department store and many other specialty retailers
• Prestigious Harbourside Living
• Close proximity to Sydney CBD (12km), Parramatta CBD (7kms) and Chatswood (10kms)
• Easy access to M2, M4, M5, Pacific & Hume highways

INVESTMENT OUTLOOK

Capital Growth:         

• The opening of the new Franklins supermarket and onsite shopping centre in June 2008 within the complex will create a huge flow on effect with regards to demand for Waterpoint properties.
• Stage 6 is the final stage of the Waterpoint development and with no more new supply coming onto the market, demand should grow quickly and drive drives higher.

Rental Return:          

• 5% p.a. gross

"X" FACTORS / KEY GROWTH DRIVERS

• Waterpoint will be home to the new Shepherds Bay Retail Village, featuring more than 10,000m² of retail and commercial space both on the waterfront and within the village. Franklins and other specialty stores are anticipated to open in June 2008.

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