Retirement villages – demand now proven
Readers of our newsletters will recall my passion for investment in the development of retirement villages, in which legislation provides shareholders tax free development profits and recurring annual incomes from the continuing resale of the Licenses to Occupy.
Readers of our newsletters will recall my
passion for investment in the development of retirement villages, in which
legislation provides shareholders tax free development profits and recurring
annual incomes from the continuing resale of the Licenses to Occupy.
My last newsletter on this subject - a progress report on the new village to be
built in Amberley just out of Christchurch - drew more requests for the
Information Memorandum than any of our Offers this year.
Well I’ve just had a report from the developer of the Longridge Country Estate
village in Paeroa which commenced construction in March
this year. The promoters held their first Open Days there last Saturday and
Sunday from 10:00 am to 3:00 pm each day.
The print and radio campaign had only been out for 3 weeks and the developer
Tim Bartells tells me they had more than 220 people looking at purchasing a
License to Occupy come through over the 2 days. They ran out of brochures,
design cards, and other promotional material in the first day. Those Units
under construction have now been sold and they have a waiting list of buyers.
The demand is now proven.
Investment opportunity still
there
Longridge is the first of three 250 Unit LTO retirement villages Tim and his
team are in the process of building - and for whom they are offering equity
investment to those who qualify as “wholesale” investors.
Longridge is now fully subscribed, as is the Village in Whakatane, but there
are now 15 of the 50 $100,000 shares still available in Amberley just out of
Christchurch.
As far as we are aware these are the only private retirement village
developments offering investors the opportunity to get in on the ground floor,
and reap the full development profits and ongoing returns that are available.
The only other easy access to invest in retirement villages is public companies
whose returns are dividends on shares owned.
64% return
We’ve found that the best way to understand these returns is to look at those
predicted for Amberley. A 10% share of $1,000,000 is anticipated to return
$1,640,000 tax free during the development and on completion. So investors get
their $1,000,000 back and 64% return on that when all the Units are sold.
Once the village is completed that 10% share is budgeted to return an annual
income of $700,000 per year from the relicensing of the Units. This is partly
tax sheltered by the depreciation on the village.
The unique features of this investment are best explained by Tim, who is
available by email or phone. So if you haven’t already got a copy of the
Information memorandum describing the Offer reply to this email or give me a
call on 021 902 901.
If you’ve already got a copy, and are interested I suggest you call Tim now.
His contact details are phone 021 871 522 and email timbartells@xtra.co.nz.
The above investment is not an offer of financial products that requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is available only to wholesale investors as defined by that Act. It is intended for distribution only to selected people to whom, under the relevant laws, it can be lawfully distributed. It cannot be distributed in any other jurisdiction, or to any other people. It is not an offer or solicitations in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such offers or solicitations. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.
Cheers
John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10,120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz
For more information, please click the contact button below to send us a message.
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