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Property Summary Location:                                 Tugun QLD Type:                                        Townhouse Expected Completion:         January 2009 Tenant Profile:                       Mainly couples and families

PROJECT DESCRIPTION

The development is an intimate residential enclave, comprising 187 luxury townhomes located in Tugun at the southern end of the Gold Coast’s dynamic coastal precinct.

It is just 5 minutes north of the- NSW/QLD border and 25 minutes south of the pristine Broadwater and Surfers Paradise. It is also extremely close to Gold Coast’s airport Coollangatta. It offers a relaxed beach side lifestyle and is conveniently located 2 minutes from the patrolled Tugun surf beach and Life Saving Club.

PROJECT FEATURES

• Two-storey townhomes features 3 bedrooms with single or double garages - some with a study.
• Facilities includes 17m lap pool, pool with spa jets, steam room, two dedicated BBQ areas, residents club lounge, public walking and cycle tract around the lake, landscaped gardens and parklands.
• Surrounded by great amenities and lifestyle activities - Currumbin, Palm Beach, Elanora and Burleigh to the north, Coolangatta airport and Tweed Heads to the south.
• 1 minute from John Flynn Hospital and just 15 minutes drive to Bond University and Robina town centre.

INVESTMENT OUTLOOK

Capital Growth:          

• The Tugan bypass will divert thousands of cars every day away from this previous “thoroughfare” seaside enclave and increase demand for properties in this well located seaside suburb and driving price growth.
• This development is unique for the area in the fact that there are very few quality “estates” within Tugan and “suburbs within a suburb” have proven to be extremely appealing in QLD – particularly to owner occupiers, and which traditionally drives prices upward.

Rental Return:          

• $400 - $550 per week. (5-6% gross return)

"X" FACTORS / KEY GROWTH DRIVERS

• With the recent completion of the Tugun Bypass this year, there is now an improved and faster transport link to Brisbane, the Gold Coast and northern NSW centres.
• Proximity to metropolitan airports has become an important factor for people who frequently travel on business by plane as they try to spend less time commuting. This project is quiet yet extremely close to the GC Airport.

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