INFORMATION MEMORANDUM Catalina Apartments, Bowen QLD

INFORMATION MEMORANDUM Catalina Apartments, Bowen QLD

INTRODUCTION The Catalina Apartments are an off the plan multi-unit development in Bowen, QLD. The project offers the following key selling points: Studio, 1 and 2 bedroom units with flowing interiors, great neutral colour scheme, and the highest standard of finishing s; Well spaced floor areas, outdoor living and secure garaging; In ground swimming pool and communal garden area; High yielding investment opportunity; Growing market; Close proximity to beach and local central shopping facilities; $10,000 State Government Building Boost Grant; Strauss Property Developments a reputable and experienced property developer TRAC builder highly regarded along Australia s east coast CONTENTS

CONTENTS Executive Summary Project Description List of Inclusions Appendix 1 Price List Appendix 2 Rating Model Score Appendix 3 Maps Appendix 4 Floor Plans Appendix 5 Rental Appraisal Appendix 6 Rates Notice Appendix 7 Developer Profile Appendix 8 Builder Profile Disclaimer

EXECUTIVE SUMMARY Location: 14-18 Sinclair St, Bowen QLD Unit Areas: 32-90 square metres Title: Strata in freehold Completion: Mid 2013 Sale Price: $193,000 - $389,000 Outgoings (Approx.): Strata: $1,985.00 - $2,300.00 per annum Water: $368.00 per annum Rates: $913.00 - $2,785.00 per annum (see Appendix 6 Rates Estimates) Rental Appraisal: Appendix 5

PROJECT DESCRIPTION The Catalina Apartments project consists of 51 studio, one and two bedroom units on a large corner block spanning three road frontages in central Bowen. The units are set over one and two levels and include well proportioned interiors with flow to outdoor living spaces and secure parking. The project is located just minutes walk from central Bowen shopping area and an easy 4 block walk takes you to the beautiful waterfront. Catalina provides an amazing opportunity to secure a high yielding investment in one of Australia s fastest growing resource and mining regions. The price point is unseen in this area with the majority of housing in the Bowen Region being dated bungalow style dwellings, stilted homes or fibro cottages. The Catalina Apartments allow the purchaser to also take advantage of the QLD State Governments $10,000 Building Boost Grant. Proximity of Catalina: Schools: 500m Parks: 500m Beach: 400m Transport: 100m Golf course: 4km Hospital: 500m Shopping Centre: 250m Emergency: 300m Airport: 3.6km Nearest Regional Centre: 190km Service Station: 1.8m Marina: 1km

LIST OF INCLUSIONS A full schedule of finishes is available on request. Each residence has the following premium appliances and features: Interior General Walls Ceilings Floors Balcony Windows/doors Window coverings Entry door Internal door Cooling Electrical Lighting Hot water Insulation Staircases Kitchen Cabinets Benchtop/Sink Splashbacks Cooktop Oven Rangehood Bathroom Vanity Shower Toilet Towel rail Tiling Mirror Common: Rendered masonry Internal: Plasterboard Set plasterboard, acrylic paint Vitrified tiles Honed non-slip vitrified tiles Powder coated aluminium balustrade Clear anodised aluminium sliding, key locks and fly screens Neutral coloured vertical blinds Solid core flush panel painted, mortise lock, door closer Flush panel painted, satin chrome handle Wall mounted split system living and bedroom Double GPO s throughout, phone, cable, internet, smoke alarm Wall mounted and down lights, pelmet lighting in kitchen Rheem electrical hot water system R3 batts to upper floor apartment ceilings Steel frame with stained timber treads and handrail Polyurethane doors/draws with melamine shelving Natural stone with bevelled edge, SS bowl, mixer tape Ceramic or vitrified tiles Smeg/Omega SS Electric Cooktop (or similar) Smeg/Omega SS convection microwave oven (or similar) Smeg/Omega retractable built-in multi speed Polyurethane cabinet, natural stone benchtop, vitreous ceramic semi-recessed bowl and mixer tapware Semi-frameless glass screen, mixer tapware, shower rose Slim-line dual flush white Dual towel rail Full floor tiling, floor to ceiling in shower Powder coated aluminium External General Walls Roofing Windows/doors Common Area & stairways Car parking & pathways Bicycle parking Lighting Letterboxes Landscaping and fencing Swimming pool Common area (adjoining pool) Bedroom Robe Garbage & recycling Floors Door Laundry Cupboard* Cabinet Dryer Cupboard *Studio Apartments do not have a laundry facility Rendered masonry/corrugated feature walls Colourbond Trimdeck Clear anodized aluminium sliding, fly screens No-slip vitrified tiles, aluminium balustrade Asphalt, concrete curbing Adequate owner and visitor parking Sensor controlled common area and garage lighting Lockable powder coated or natural aluminium Established planting and landscaping Reinforced concrete style, sale water chlorinated Kitchenette with shower and toilet, timber decking and gas BBQ, outdoor dining table and setting Multiple screened enclosures with washout facilities Powder coated aluminium mirror sliding, parcel shelf, hanging rail Nylon or wool blend carpet on foam underlay Timber veneer sliding door (excluding studios) SS sink/cabinet and mixer tapware Fisher and Paykel mounted dryer Melamine linen/broom

APPENDIX 1 AVAILABLE STOCK Apt No Level Beds Type Keys Baths Cars Int m 2 (*SP) Ext m 2 Total m 2 Price A01 Grd 2+S 1 2 2 1 81 111 192 $ 389,000 A02 1 2+S 3 2 2 1 86 12 98 $ 385,000 A03 2 1+S 3 1 1 1 55 6 61 $ 293,000 A04 2 1+S 4 1 1 1 55 6 61 $ 299,000 A05 2 STO 5 1 1 1 27 6 33 $ 189,000 B06 Grd 1+S 2 1 1 1 55 49 104 DEPOSITED B07 Grd & 1 1 7 1 1 1 50 20 70 $ 289,000 B08 Grd & 1 1 7 1 1 1 50 26 76 $ 289,000 B09 Grd & 1 1+S 13 1 1 1 57 25 82 DEPOSITED B10 Grd & 1 1+S 13 1 1 1 57 25 82 DEPOSITED B11 Grd 1+S 2 1 1 1 55 40 95 $ 299,000 B12 Grd 1+S 2 1 1 1 55 49 104 DEPOSITED B13 1 STO 9 1 1 1 32 6 38 $ 193,000 B14 1 1+S 8 1 1 1 55 13 68 $ 289,000 B15 1 2+S 10 2 2 1 93 6 99 $ 379,000 B16 1 2+S 10 2 2 1 93 6 99 $ 379,000 B17 1 1+S 2 1 1 1 55 12 67 $ 289,000 B18 1 STO 9 1 1 1 32 6 38 $ 197,000 B19 1 1+S 8 1 1 1 55 13 68 $ 289,000 B20 2 STO 9 1 1 1 32 6 38 $ 197,000 B21 2 1+S 8 1 1 1 55 13 68 DEPOSITED B22 2 2+S 11 2 2 1 90 6 96 $ 389,000 B23 2 2+S 12 2 2 1 90 6 96 $ 389,000 B24 2 2+S 11 2 2 1 90 6 96 $ 389,000 B25 2 2+S 12 2 2 1 90 12 102 $ 389,000 B26 2 STO 9 1 1 1 32 6 38 $ 197,000 B27 2 1+S 8 1 1 1 55 13 68 $ 299,000 C29 1 2+S 3 2 2 2 86 12 98 $ 385,000 C30 1 1+S 2 1 1 1 55 6 61 DEPOSITED

AVAILABLE STOCK CONT. C31 2 STO 5 1 1 1 27 6 33 $ 189,000 C32 2 1+S 4 1 1 1 55 6 61 $ 299,000 D33 Grd 1+S 2 1 1 1 55 32 87 DEPOSITED D34 Grd & 1 1+S 13 1 1 1 56 16 72 DEPOSITED D35 Grd & 1 1+S 13 1 1 1 57 16 73 DEPOSITED D36 Grd & 1 1+S 13 1 1 1 57 16 73 DEPOSITED D37 Grd & 1 1+S 13 1 1 1 56 16 72 DEPOSITED D38 1 1+S 8 1 1 1 55 13 68 $ 285,000 D39 1 STO 9 1 1 1 32 6 38 $ 193,000 D40 1 1+S 2 1 1 1 55 6 61 $ 275,000 D41 1 1+S 2 1 1 1 55 6 61 $ 275,000 D42 1 1+S 8 1 1 1 55 14 69 DEPOSITED D43 1 STO 9 1 1 1 32 6 38 $ 193,000 D44 2 1+S 8 1 1 1 55 13 68 DEPOSITED D45 2 STO 9 1 1 1 32 6 38 $ 197,000 D46 2 1+S 14 1 1 1 69 6 75 DEPOSITED D47 2 1+S 2 1 1 1 55 6 61 $ 279,000 D48 2 1+S 14 1 1 1 69 6 75 DEPOSITED D49 2 1+S 2 1 1 1 55 6 61 $ 279,000 D50 2 1+S 8 1 1 1 55 14 69 DEPOSITED D51 2 STO 9 1 1 1 32 6 38 $ 197,000 *SP As per draft strata plan

APPENDIX 2 - PROPERTY RATING This Folio Property Rating Model assesses the project on an 82 point scale, taking into consideration location (macro), market performance (macro), and project (micro) characteristics. Catalina Overall Average Rating: 8.26/10 - EXCELLENT Catalina Apartments - Sinclair St, Bowen QLD 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 - Location Analysis Market Analysis Project Analysis Construction Analysis Site Analysis Lot Analysis

APPENDIX 3 MAPS

Bowen Catalina Apartments Beach

APPENDIX 4 FLOOR PLANS Example: 2 Bed, 2 Bath + Study

Example: 1 Bed split level

Example: 1 Bed single level

Example: Studio unit

APPENDIX 5 RENTAL APPRAISAL

APPENDIX 6 RATES ESTIMATE Whitsunday Regional Council Rates 2011/12 Catalina: Section 20-21 Residential Community Title Unit and flats property - Bowen (by SV/UCV)

APPENDIX 7 DEVELOPER PROFILE Strauss Property Developments is a property development company that is focused on providing quality residential, industrial, commercial and retail developments. Strauss are a fast growing organisation with a current development portfolio in excess of $500million nationwide. Strauss Property Developments has a comprehensive understanding of all aspects of development and is always identifying opportunities for growth and diversification. Their relationship with financiers, project managers, architects, builders and agents ensures all objectives exceed expectations. Strauss Property Developments develops in its own right, via joint ventures and also through property syndicates. We also work on behalf of some major institutions to develop and manage those identified projects. Strauss Property Developments believe that relationships foster success therefore our commitment to you and your success is our priority. Past projects: December 2006 - Cnr Glendenning Rd and Lamb St, Glendenning NSW: 13 light industrial units January 2009 Power and Owen St, Glendenning NSW: 35 light industrial/high tech warehousing units December 2007 Arndell Park Central, Arndell Park NSW: 47 light industrial and bulk retail units April 2010 Gateway Estate, Greystanes NSW: 57 industrial, manufacturing, high tech retail and storage units July 2010 Eversham, Victoria Pde, Manly NSW: 48 one, two and three bedroom apartments July 2010 Waillea, North Steyne, Manly NSW: 15 luxury apartments incl two large penthouses Under exhibition: Orinoco Ave and Pacific Hwy, Pymble NSW: DA for 45 residential blocks and 25 townhouses Parramatta Rd, Five Dock NSW: DA for 225 residential apartments Jewel St, Mackay QLD: Under DA for 130 strata apartments

APPENDIX 8 BUILDER PROFILE TRAC have been established in Australia since 2004 and are currently turning over in excess of $35 million per year. They are currently active along the east coast of Australia and are based in Queensland. Working with TRAC means working in partnership TRAC take time to get to know their clients business and have a culture of open communication, honesty and respect. By maintaining a single point of responsibility for delivery, they take a collaborative approach to working with architects, key consultants and subcontractors, to get the best outcomes. TRAC is known for our innovation, strong work ethic and professional yet down-to-earth attitude. This solid reputation has resulted in greater than 60% of their work being consistently generated through repeat business. TRAC aim to make their clients lives easier by providing a one stop shop that caters to all their needs, from major to minor works. It is this breadth of experience and proven track record that provides the TRAC clients the surety and certainty of delivery they desire. At TRAC, they believe true value for their clients lie in a fully utilised asset which has been delivered at the optimum cost, in an efficient manner. Their vast experience in pre-construction services enables TRAC to create innovative project solutions while ensuring trade-level buildability. Their proven method of service to and beyond final completion ensures a smooth transition from construction to operation and maintenance. TRAC has completed numerous quality projects. TRAC works in design and construction, and refurbishment and renovation, in the following industry sectors: Commercial, retail and industrial Low, medium and high-rise residential and resorts Civil construction Infrastructure construction

DISCLAIMER This information memorandum has been prepared by Folio Property Pty Ltd (ACN 144 632 413). ( Folio Property ) and is prepared on the basis of information provided to Folio Property in connection with the relevant provider. Any statement or opinion made by Folio Property in connection with the transaction contemplated in the information memorandum is not based on any actual or information memorandum implied knowledge or consideration of the investment objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this in formation memorandum. All parties must make their own independent assessment and investigation including without lmitation, seeking professional advice and must determine its interest in proceeding upon the basis of such independent assessment, investigation and appraisal. Any statement or opinion of Folio Property whether express or implied is not, nor should be construed as a recommendation by Folio Property or any of its officers, agents or employees to participate in the transaction and, to that extent, no reliance will be placed on Folio Property or its associates. Folio Property and its associates do not warrant (expressly or impliedly) that information contained in this information memorandum is complete, true and correct and not misleading or not likely to be misleading or deceptive. Folio Property and its associates are not responsible and will not under any circumstances be liable (whether at law, in equity, under statute or otherwise) for any statement made or anything contained in or arising out of the information including, without limitation, any errors, misrepresentation or omissions. Folio Property disclaims all responsibility for any loss or damage caused by reliance by any person on this information memorandum or any representation, warranty or statement made by or on behalf of Folio Property and its associates. This information memorandum is confidential and is for the sole use of persons directly provided with it by Folio Property and is not to be reproduced, copied or sent to any other person without the prior written consent of Folio Property. The use by, or reliance upon this document by any other person is not authorised by Folio Property and and without limitation to the above disclaimers, Folio Property is not liable for any loss arising from such unauthorised use or reliance. General The information set out in this document has been prepared using information derived from a variety of external sources. Folio Property does not warrant the accuracy of any of the information and does not accept any legal liability or responsibility for any injury, loss or damage incurred by the use of, or reliance on, or interpretation of the information contained herein.