ESTIMATED COMPLETION DATE – FEBRUARY 2018

JUNE 2017

OVERVIEW :

  • All mains, sewerage and water electricity connected
  • BA approved
  • Back Fencing installed
  • Slabs on Units 2,3,4 have been poured in rear corner of block
  • Site has been wrapped
  • Marketing to commence

JULY 2017

OVERVIEW :

  • All civil’s and OP work completed
  • Footings for whole site completed
  • Driveway base has been laid
  • Floor joists for units 2,3 & 4 erected
  • Telecommunications and electrical installations to site completed

AUGUST 2017

OVERVIEW :

  • Ground Floor framework erected Units 1 – Units 5
  • Lv 1 framework erected on Units 1 – Units 5
  • All alfresco areas concrete poured
  • Staircase for Unit 1- Unit 5 to be installed by end of August
  • Roofing is Erected with colour bond
  • Kitchens and bathroom vanities currently being constructed off site in preparation for installation
  • Marketing plan to start on 18th of August

SEPTEMBER 2017

OVERVIEW :

  • Estimated Completion Date: December 2017
  • Framework Complete
  • Roof On
  • Installation of Kitchens and Bathrooms due this month
  • Windows installed, Gyprock and Rendering complete
  • Marketing plan to start on 18th of August

OCTOBER 2017

OVERVIEW :

What a difference a month makes!

  • Completion Of All Roofing
  • Outside Cladding Done
  • Windows Installed
  • Exterior Paintwork Complete
  • Front And External Doors Hung
  • Stairs and Balustrades Currently Being Installed
  • Internal Gyprocking Commenced
  • Kitchens Being Installed*
  • Laundry Being Installed*
  • Bathrooms Being Installed*

*Does not include appliances, shower heads or tapware

Several interested parties with 2 Expression of Interest signed for Units 1 and 3

NOVEMBER 2017

OVERVIEW :

  • All scaffolding has been removed
  • Internal painting has commenced
  • All bathrooms in the process of being tiled
  • Garage doors being installed
  • All internal doors hung with front doors having “keyless entry”
  • Skirting and architraving has commenced
  • External cladding  complete
  • Outside painting 50% complete
  • Internal painting due for completion in approx 10-14 days
  • Balconies due to be tiled within 7 days
  • Plumber commenced fit off with taps and showers
  • Kitchens and benches installed

Total Units :5

Sales Activity:

  • Unit 3: Now Under contact

DECEMBER 2017

OVERVIEW :

  • Project 95 % complete
  • Tiling complete inside and outside
  • Shower screens and bathroom fittings installed
  • Painters are finalising touch ups
  • Staircases now prepared & oiled
  • Landscaping completed by end of December
  • Final clean 50% done with completion end of December
  • All electrical complete
  • Energex booked for final completion
  • Kitchens now complete with installation of ovens and dishwashers
  • Hot water systems in
  • Letter boxes due for completion end of December
  • Current sales are above estimated sale price during acquisition
  • Project is on budget

Sales Activity:

  • Unit 3 – Under Contract $645,000

 Expression of Interest (EOI) 

  • Unit 5 – $615,000

JANUARY 2018

OVERVIEW :

  • Project is complete
  • Awaiting Plan Ceiling to be completed so that titles can be issued.
  • Plan Ceiling requirements which are under review and currently being certified are the following:
    • QUU( Queensland Urban Utilities) to provide connection certificate in Month of February
    • NBN Connection and Telecommunication network certification terms of the PPO.
  • Once Titles are issued the following will take place:
    • Settle on Unit 3 for $638,000
  • Current sales are above estimated sale price during acquisition
  • Project is on budget
  • As described in the Alpha One Investment Holdings P/L  PPO dated 17th of December 2015 the profit share arrangement is that the Investment Company will retain a  40% profit share.
  • Current contract price per unit is above the mentioned prices in the PPO.

Sales Activity:

  • Unit 3 – Under Contract $645,000

Expression of Interest (EOI)

  • Unit 5 – $615,000
  • Unit 1 –  $600,000

FEBRUARY 2018

OVERVIEW :

  • Awaiting Titles to be issued from Local Council
  • QUU( Queensland Urban Utilities ) certificate attached
  • Fencing complete at front of site
  • We expect titles out by beginning of March 2018 from Local Council
  • Current sales are above estimated sale price during acquisition
  • Project is on budget
  • Open homes are conducted each week and weekend
  • Staging furniture to take place in March in Unit 1 to help assist with sales
  • As described in the Alpha One Investment Holdings P/L  PPO dated 17th of December 2015 the profit share arrangement is that the Investment Company will retain a  40% profit share.
  • Current contract price per unit is above the mentioned prices in the PPO.

Sales Activity:

  • Unit 3 – Under Contract $645,000

Expression of Interest (EOI)

  • Unit 5 – $615,000

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MARCH 2018

OVERVIEW :

Project Completed and on Budget

SALES ACTIVITY

  • Expression of Interest on Units 4 & 5
  • Unit 3: Settled
  • Units 1 & 2 available

MARKETING

  • Online with Domain
  • Strong Interest
  • Open home most weekends and during the week

Weather Report

N/A

Expected Completion date

  • Completed

Expected Title Issue

  • Issued 21/5/18

APRIL 2018

Overview:

  • Project Completed and on Budget

Sales Activity

  • Unit 3: Settled
  • Units 1, 2, 4 & 5 available

Marketing

  • Online with Domain
  • Strong Interest with open homes most weekends
  • Open homes during the week on request

Weather Report:

  • Have had a few days of bad weather that has impacted Open Home Attendances

Expected Completion Date:

  • Completed

Expected Titles Issue Date:

  • Issued 21/5/18

Investors will be paid their 40% profit share when all units are sold under the terms of the PPO to insure maximum returns are achieved.

MAY 2018