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					investment APARtments FOR SALE




                        Take advanTage!

                        - cash positive investment
                        - 6% return p.a.
                        - no vacancy
                        - secure return until 2018




LIM
      ITE
         D
             RE
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                 AS         information memorandum
                    E
SECURE BRICKS
& MORTAR INVESTMENT
353 Springvale Road, Glen Waverley (‘353’) is a brand new apartment complex
situated in the heart of the Glen Waverley lifestyle precinct.

Consisting of fifty-nine apartments, twenty-five of which are for residential living on the
ground and third floors. The remaining thirty-four apartments on the first and second
floors are securely leased to Quest Serviced Apartments.

353 features a gymnasium and sauna, secure basement car parking and a peaceful
landscaped setting at the rear of the complex with BBQ’s, dining settings and sun
lounges.

Each apartment has stainless steel European appliances, air conditioning, high quality
carpets, fittings and fixtures, at least one car space & their own balcony.

    Forget the Banks, this exciting new development represents an
                 outstanding investment opportunity!

             >         Secure return for 10 years
             >         No vacancy
             >         No letting or advertising fees
             >         Rental paid monthly
             >         6% return on investment (approx.)
             >         Body Corporate expenses paid by tenant
 COMpARISON SChEDULE                                                                                                                                                                     KEY COMMERCIAL TERMS
                                                                                                                                                                                         OF LEASE
 Compare this investment to another typical residential property                                                                                                                        A brief summary of the lease terms is set out as follows:
 Example: 2 Bedroom (Twin) Apartment (Apartment 107)
                                                                                                                                                                                        Lessee:                             Quest GW Tenancy Pty Ltd
 Description                                                    Quest                                Typical Residential                      Term Deposit
                                                                Investment                           Investment
                                                                                                                                                                                        Term:                               10 years.
 Price                                                          $441,667                             $441,667                                 $441,667
                                                                                                                                                                                        Further Term:                       Four periods each of five years.
 Rental (Income)                                                $26,500                              $21,840                                  $15,900
                                                                                                                                                                                        Commencement Rental:                Up to $26,500 p.a.
 Letting fees                                                   Nil                                  $840
                                                                                                                                                                                        Rental Reviews:
 Advertising fees                                               Nil                                  $500
                                                                                                                                                                                        The rental will be fixed for two years and thereafter increased by 4% p.a., with a market review at the
 Management fees                                                Nil                                  $1,528                                                                             expiration of the first five year period and thereafter the rental will be increased by 4% p.a.

 Vacancy allowance                                              Nil                                  $1,260                                                                             Outgoings:
                                                                                                                                                                                        The tenant is to be responsible for all Body Corporate expense, water usage, repairs and maintenance
 Maintenance allowance                                          Nil                                  $500                                                                               of contents. The lessor is responsible for Council rates, base water rates, land tax (if applicable),
                                                                                                                                                                                        together with replacement of carpet after five years (if required), repaint, clean and repair after five
 Landlord protection policy                                     Nil                                  $350                                                                               years (refer to Clause 16 of the lease for full details).

 Water & council rates                                          $800                                 $800                                                                               FF&E:
                                                                                                                                                                                        Included in each apartment will be an FF&E package owned by the lessor, with the tenant having the
 Body corporate                                                 Nil                                  $1,672                                                                             option to acquire the furniture package at the expiration of the first five years of the lease at a cost of
                                                                                                                                                                                        $1 per apartment. The tenant also responsible for breakages.
 Total outgoings paid by owner                                  $800                                 $7,450
                                                                                                                                                                                        Guarantee:
 Net rental income per annum                                                                                                                                                            The lease is guaranteed for any liabilities for the first two (2) years by Australasian Franchise Systems
                                                                $25,700                              $14,390                                  $15,900
 (pre interest and depreciation)                                                                                                                                                        Pty Ltd. Following the initial two (2) year period, the liability of the guarantee reverts to an amount
 % return on investment                                                                                                                                                                 equal to three’s months rental.
                                                                5.9%                                 3.2%                                     3.6%
 (pre interest and depreciation)
                                                                                                                                              Based on term deposit with a major        NB A full copy of the lease can be made available upon request.
                                                                                                                                              bank paying interest monthly




The above projections are general information and for illustrative purposes only and may not be applicable to all people and/ or entities. The information provided is a summary only
and should not be relied upon as an exhaustive statement of all the matters pertaining to the development. Independent advice should be obtained from your accountant and/ or
financial advisor before making an investment in this development.
INDICATIVE DEpRECIATION
10 Year Summary for the purchase of                                                                                10 Year Summary for the purchase of
Apartment 101 (1 Bed)                                                                                              Apartment 107 (2 Bed Twin)
Quest Apartment - Glen Waverley                                                                                    Quest Apartment - Glen Waverley


 pRIME COST METhOD                                                                                                  pRIME COST METhOD
                                     Indicative                  Indicative                                                                             Indicative                  Indicative
                                                                                             Indicative                                                                                                         Indicative
           Year                     Division 40                 Division 43                                                   Year                     Division 40                 Division 43
                                                                                            Total Claim                                                                                                        Total Claim
                                    Allowances                  Allowances                                                                             Allowances                  Allowances
          1 (Part)                    3,306 *                     5,830 *                      9,136                         1 (Part)                    5,323 *                     7,557*                      12,880
             2                         3,306                       5,830                       9,136                            2                         5,323                       7,557                      12,880
             3                         3,249                       5,830                       9,079                            3                        5,213                        7,557                      12,770
             4                        3,212                        5,830                       9,042                            4                         5,139                       7,557                      12,696
             5                         3,212                       5,830                       9,042                            5                         5,137                       7,557                      12,694
             6                         1,938                       5,830                       7,768                            6                         3,109                       7,557                      10,666
             7                         1,935                       5,830                       7,765                            7                         3,103                       7,557                      10,660
             8                         1,466                       5,830                       7,296                            8                         2,420                       7,557                       9,977
             9                         1,463                       5,830                       7,293                            9                         2,419                       7,557                       9,976
            10                         1,449                       5,830                       7,279                           10                         2,408                       7,557                       9,965
        Beyond 10                      2,651                      87,444                      90,095                       Beyond 10                      3,753                     113,346                      117,099
          TOTAL                      $27,187                     $145,744                    $172,931                        TOTAL                      $43,347                     $188,916                    $232,263
 DIMINIShING VALUE METhOD                                                                                           DIMINIShING VALUE METhOD
          1 (Part)                    4,956 *                     5,830 *                     10,786                         1 (Part)                    7,982 *                     7,557*                      15,539
             2                         3,841                       5,830                       9,671                            2                         6,170                       7,557                      13,727
             3                         3,033                       5,830                       8,863                            3                         4,871                       7,557                      12,428
             4                         2,429                       5,830                       8,259                            4                         3,894                       7,557                      11,451
             5                         1,966                       5,830                       7,796                            5                        3,151                        7,557                      10,708
             6                         1,606                       5,830                       7,436                            6                         2,570                       7,557                      10,127
             7                         1,319                       5,830                       7,149                            7                         2,114                       7,557                       9,671
             8                         1,095                       5,830                       6,925                            8                         1,754                       7,557                       9,311
             9                          916                        5,830                       6,746                            9                         1,463                       7,557                       9,020
            10                          769                        5,830                       6,599                           10                         1,233                       7,557                       8,790
        Beyond 10                      5,257                      87,444                      92,701                       Beyond 10                      8,145                     113,346                      121,491
          TOTAL                      $27,187                     $145,744                    $172,931                        TOTAL                      $43,347                     $188,916                    $232,263

* The first year (part) has been calculated from settlement date to the end of the financial year (30 June).       * The first year (part) has been calculated from settlement date to the end of the financial year (30 June).
This information is to be read in conjunction with the report, reference 6248-02.doc                               This information is to be read in conjunction with the report, reference 6248-02.doc
Situation may vary depending on individual circumstances, prospective purchasers are advised to seek independant   Situation may vary depending on individual circumstances, prospective purchasers are advised to seek independant
financial advice.                                                                                                  financial advice.
PRICE LIST & AREA SCHEDULE
of REmAInIng APARTmEnTS
Apt No.   Bedrooms           Car Spaces               Storage              Floor Area             Balcony Area   Total Area   Apt. Price    FF&E     Total Price   Total Rent   Yield
 102        2T                      1                      1                    75                     9            84        $416,342     $22,500   $438,842      $26,331       6%
 107        2T                      1                      1                    77                     9            86        $419,167     $22,500   $441,667      $26,500       6%
 110         2                      1                                           74                     9            83        $395,667     $21,000   $416,667      $25,000       6%
 111         1                      1                                           47                     9            56        $308,763     $16,000   $324,763      $19,161      5.90%
 113         1                      1                                           53                    12            65        $314,508     $16,000   $330,508      $19,500      5.90%
 114        3T                      1                      1                    98                    10           108        $431,950     $23,500   $455,450      $28,200      6.19%
 116         1                      1                                           58                     0            58        $301,102     $16,000   $317,102      $18,709      5.90%
 117         1                      1                                           58                    12            70        $314,500     $16,000   $330,508      $19,500      5.90%
 118        2T                      1                      1                    80                     9            89        $419,167     $22,500   $441,667      $26,500       6%
 205        2T                      1                      1                    77                     9            86        $419,167     $22,500   $441,667      $26,500       6%
 206        2T                      1                      1                    76                     9            85        $419,167     $22,500   $441,667      $26,500       6%
 207        2T                      1                                           74                     9            83        $414,459     $22,500   $436,959      $26,218       6%
 208        2T                      1                      1                    74                     9            83        $414,459     $22,500   $436,959      $26,218       6%
 209        2T                      1                      1                    76                     9            85        $419,167     $22,500   $441,667      $26,500       6%
 210        2T                      1                      1                    77                     9            86        $419,167     $22,500   $441,667      $26,500       6%
 211         2                      1                                           67                    55           122        $395,667     $21,000   $416,667      $25,000       6%
 214        2T                      1                      1                    75                     9            84        $419,167     $22,500   $441,667      $26,500       6%




                                   All areas & yields are approximately only.
                 All sale prices are inclusive of GST and are subject to change without notice.
353 FEATURES                                                  TYpICAL 1 BEDROOM
                                                              ApARTMENT FLOOR pLAN
•   Fully furnished apartment to a value of $23,500
•   2700mm ceiling height to living and bedroom areaas
•   Multi-head split system unit to each apartment.
•   Built in robes to bedrooms
•   Glass splashbacks in kitchen
•   Stainless steel appliances including
    Rangehood - Pull out 600 mm
    Cooktop - 600mm gas hotplate with wok burner,
    (freestanding 900mm wide integrated feature
    cooktop / oven with dual wok burner to 3
    bedroom units).
    Oven - 600mm wide electric multifunction fan-forced
    underbench unit (freestanding 900mm wide integrated
    feature cooktop / oven with dual wok burner to 3
    bedroom units)
    Dishwasher - underbench unit.
•   Pay TV and data cabling to each apartment
•   Secure card reader access to entries, basement and lift   TYpICAL 2 BEDROOM
•   Common courtyard and BBQ area with seating                ApARTMENT FLOOR pLAN
•   Common gymnasium and sauna




                                                              TYpICAL 2 BEDROOM TWIN
                                                              ApARTMENT FLOOR pLAN
                                                                                                         LOCATION, LOCATION, LOCATION!
                                                                                       Mountain View
                High Stree
                          t Road                                                       Hotel
G.W.S.C
Senior Campus                                                                 Glen Waverley
                                                                              Primary School
                                                                                                       353 Glen Waverley is conveniently located within walking distance to all of the facilities required
                     Glen Waverley                                  The Glen                           during ones daily routine. The Glen Shopping Centre, Century City Entertainment Complex,
                     Secondary College                                                                 Glen Waverley Train Station, schools including the highly sought after Glen Waverley Secondary
                                                                    Shopping Centre
                                                                                                       College and Wesley College, Churches of all denominations, recreational facilities and ease of
                                                                                                       access to the arterial network of the CBD.
          Train Station                                                            Craft Market
                                                                                                                   >         The Glen Shopping Centre                                   950 m
                    Dining &                                      Century City &                                   >         Century City Walk Entertainment Complex                    575 m
Bogong              Night Life                                    Village Cinemas                                  >         Glen Waverley Business Centre                              800 m
Reserve
                                                                                                                   >         Glen Waverley Café Precinct (Kingsway Rd)                  600 m
                                                                       d                                           >         Glen Waverley Council Chambers & Library                   525 m
                                                                ale Roa
                                             Kings Way
                                                                                                                   >         Glen Waverley High School                                  1,050 m
                                                         Springv



                                                                                                                   >         St Leonard’s Primary School                                25 m
                                         St Leonard                                                                >         Waverley Aquatic Centre                                    700 m
                                 pe




                                                   s
                                         School                                                                    >         Glen Waverley Train Station                                820 m
                          l & Sco




                                       353
                    Schoo n
                            e




                                                                                                                   >         Centre Reserve Recreational Park                           225 m
                     Glenall




                                                                                                                   >         Jells Park                                                 2.9 km
                                                                           Waverley R                              >         Golf Course                                                2.9 km
                                                                                     oad
   Waverley                                                                                                        >         Freeway access to CBD & Sth East Suburbs                   1.7 km
   Aquatic                            Skate Park                                                                   >         CBD                                                        19 km
   Center           Central
                                      & Play Are
                                                a
                                                          Jells Park 2.9 km
                                                                                                                   All distances are approximate.
                    Reserve
                Athletics
                                                          Public Golf Course 2.9 km
                          Track                                                    Map not to scale
Q CLUB BENEFITS
15% Discount off standard apartment rates
As a Q Club Member you are entitled to a 15% discount off the published nightly tariffs as indicated
in the current Quest Directory. However, it is important to note that the monthly tariff does not attract a
discount due to the substantial price reduction already presented in the tariff.

10% Discount on conference facilities
Most Quest properties offer meeting/workshop/seminar rooms and facilities to cater for up to 30
people, however larger conferences facilities are available at some of our properties. Details about
our many flexible packages are available by calling Quest Central Reservations on 1800 334 033. Q
Club members are entitled to receive a 10% discount on conference facilities.

Complimentary Continental Breakfast
Our breakfast pack is complimentary on the first morning of your stay and is provided for a maximum
of 2 people.

Extended Check Out Time of 2.00pm (subject to availability)
Unless your apartment is required for another guest on the day that you depart, you are entitled to a
late check out time of 2.00pm.

Complimentary Local Newspaper (subject to availability)
The local newspaper will be delivered to your door each morning of your stay, free of charge.

Q Club Member Updates
As a Q Club Member, you will automatically receive by mail, our Quest Directory, Quest Kudos
Magazine and outstanding Q Club deals.

CONDITIONS
• Membership benefits will only be available upon confirmation of a valid membership number.
• Benefits are only transferable to the immediate family of the member.
• When making a reservation, please quote your membership number and identify yourself as a Q
  Club Member.
• All benefits are strictly subject to availability and may not be available during peak periods.
• Membership is complimentary.
• Membership benefits may change from time to time without notice.
• Membership benefits are not available in conjunction with any other offers.
  All bookings should be made through Quest Central Reservations on 1800 334 033 or qrc@
  questapartments.com.au.
  If you have any queries in relation to your Q Club Membership please feel free to contact Quest on
  (03) 8699 1500 or via email qclub@questapartments.com.au.                                                   All reasonable care has been taken in the preparation of this document. To the best of our knowledge, all information is correct at time of printing and no relevant information
                                                                                                              has been omitted. However, we and our appointed marketing agents disclaim all liability should any information or matter in this document differ from the contract of sale or
                                                                                                              the actual constructed development. Images shown are for illustrative purposes only, details for individual apartments can be confirmed during sales process. All details of the
                                                                                                              offer should be read in conjunction with the terms and conditions of the lease documentation and the contract of sale. The return advised is not guaranteed and is subject to
                                                                                                              the terms and conditions of the lease. It is recommended investors seek whatever independent legal and financial advice they deem appropriate as to ensure they are fully
                                                                                                              aware of the nature of the investment and in order to fully clarify the terms and conditions of this offer. 353 Glen Waverley is being developed, marketed and sold by the
                                                                                                              Pellicano Group independently of the Quest Serviced Apartment Group. All representations and statements herein are those of the Pellicano Group and not of the Quest
                                                                                                              Serviced Apartment Group (or any individual or associate of the Quest Serviced Apartment Group).

				
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Description: TAKE ADVANTAGE!