Townhouse Fund

Fully Subscribed

Invest in boutique townhouse developments across blue-chip locations

Targeting 50% Return on Equity*

The Westbridge Townhouse Fund provides a rare opportunity to invest in two boutique residential developments across the blue-chip locations of Dalkeith and Applecross.

These developments will meet growing demand for low maintenance townhouses that combine space, privacy and luxury. Furthermore, from a development perspective, the townhouse market has not experienced the same level of construction cost escalation as seen in the apartment market, and there is a wider pool of builders who operate in this sector.

 The Urban Development Institute of Australia – WA Division (UDIA WA) reports that townhouses are fast emerging as an attractive option for developers, driven by a combination of demand and supply fundamentals. For more information, read this article.

This fund will develop boutique, street-front townhouses in both Dalkeith and Applecross with each townhouse planned to feature a minimum of 3 bedrooms, 2 bathrooms and 2 secured car bays.

This fund is open to wholesale investors with a minimum investment of $100,000. Find out here if you qualify.

 

TOTAL RAISING | $5,250,000
MINIMUM INVESTMENT | $100,000*
TARGET INVESTMENT TERM | 33 months

 

Blue-chip locations of Dalkeith & Applecross

Dalkeith and Applecross are known as two of the most affluent suburbs in Perth, with a median house price of $3,275,000 and $1,750,000 respectively over the past 12 months (until March 2022). Both sites are close to nearby amenities and attractions.
Site features:
  • 2 corner lots in premium suburbs of Dalkeith and Applecross
  • 943sqm lot in Dalkeith and a 791sqm lot in Applecross
  • Proposed 5 townhouse site (Dalkeith) and 4 townhouse site (Applecross), all with high specification 3 bed, 2 bath, 2 car bay and own street frontage
  • Very high demand suburb with little competing stock available
  • Walking distance from strong local amenity

 

Dalkeith Information

Dalkeith is 6km west of the Perth CBD in the prestigious Western Suburbs and an equal distance to Perth’s highest rated beaches. The suburb is positioned on high ground on a peninsula with river frontages to the east, west and south. The iconic leafy streets are well established with large lots that feature a mixture of renovated character homes, modern homes and mansions, adding to the exclusivity of the area.

Primarily a residential area, there are beautiful parks and reserves to explore such as College Park and David Cruikshank Reserve, as well as local recreational facilities such as the Dalkeith Nedlands Junior Football Club, Dalkeith Tennis Club and the Dalkeith Nedlands Bowling Club. Dalkeith Primary School is the local school.

Address: 2 Philip Rd Dalkeith | Purchase Price: $3,400,000 | Site size: 943sqm
Site Orientation: A corner lot fronting North (19.53 metres) and East (47.94 metres)
Zoning: R60 as identified by the City of Nedlands Town Planning Scheme No. 3


Nearby Amenities

100m – Dalkeith Village (Waratah Avenue activity strip) including a refurbished IGA, restaurants, cafes, a pharmacy, retail shops and services

300m – Mason Gardens (park and lake)

400m – Nedlands Golf Course

400m – Dalkeith Primary School

1km – River foreshore (East, South and West) including Point Resolution

1km – Dalkeith Nedlands Bowling Club and Dalkeith Tennis Club

Applecross Information

Applecross is an affluent riverside suburb of Perth bound by the Canning Highway and Swan River. Part of the City of Melville’s municipality, Applecross is predominantly a residential area with commercial activity along Canning Highway.

Home to numerous parks and reserves, Applecross is in the enviable position of being close to urban environments while still retaining its suburban charm. Some major features are the South of Perth Yacht Club, the Raffles Hotel, Restaurant and Lounge Bar and the Canning Highway commercial area, which provides residents with numerous restaurants and amenities to explore and enjoy. Also of note are Waylen Bay, Canning Bridge, the Challenger Institute of Technology and the Heathcote Cultural Precinct.

Address: 27 Reynolds Rd Applecross | Purchase Price: $1,928,750 | Site size: 791sqm
Site Orientation: A corner lot fronting North (34.20 metres) and East (14.08 and 8.53 metres)
Zoning: R60 as identified by the City of Melville Town Planning Scheme No. 6

Nearby Amenities

175m – Woolworths – Mount Pleasant including Reynolds Rd Medical Centre, Artem Coffee

100m – Gairloch Reserve (park)

100m – BP Fuel Station

350m – Applecross Primary School

1.1km – Riseley Crescent Shops

1km – 1.3km – River foreshore (East, West and North)

1.5km – Canning Bridge Station

Townhouse Fund Timeline

The Westbridge Townhouse Fund adopts a highly strategic approach to market conditions while meeting growing demand for townhouse product in Perth’s premium suburbs. This is an exciting opportunity for wholesale investors to gain exposure to two development projects within the one property fund.

*Target returns are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. The target return range is a target only, not a forecast and it might not be achieved. Please refer to the IM for more information, noting the section on financial information and risks. Units in this Fund are issued by Westbridge Funds Pty Ltd ABN 33 652 852 214 AFS License number 533936 as Trustee of the Townhouse Fund. Momentum Wealth Projects Pty Ltd (ABN 29 090 792 439) t/a Westbridge Urban is the investment manager of the Fund (Manager). You can obtain a copy of the IM and application form by calling 08 9321 5566, emailing [email protected] or visiting www.westbridgefunds.com.au. ^Open to wholesale investors only.

Register for Future Opportunities

Due to high demand, this Fund is now fully subscribed. To be informed about future opportunities, sign up to our priority mailing list below:

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