Centenary Grove

Projects  /  Construction Preparation

Centenary Grove

LocationCaboolture, QLD
TypeTownhouse community
Scale17 townhouses
StatusConstruction Preparation

Overview

A boutique project of 17 two- and three-bedroom, double-storey townhouses on a 2,170 m² site in Caboolture, north of Brisbane.

Open-plan designs with considered finishes, arranged in four blocks around a landscaped communal area.

Investment thesis

A boutique townhouse project in the affordable segment of one of South East Queensland's fastest-growing corridors.

Strong demand in the affordable market segment

Caboolture is the principal activity centre of the Moreton Bay region

Brisbane market demand accelerating with Olympic projects under way

A compact program with a single construction stage

Location

2–4 Dennis Street, Caboolture QLD

Caboolture anchors the Moreton Bay region between Brisbane and the Sunshine Coast, with the Glass House Mountains close by. It is home to more than 100,000 residents and growing at over 4% a year.

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Location context for Centenary Grove
12.5%3-year capital growth, per annum
17.2%5-year capital growth, per annum
4.12%Rental yield
0.9%Rental vacancy

Source: Centenary Grove equity syndicate overview. Figures relate to the Caboolture market.

Development snapshot

The project, in figures.

All figures are indicative, based on current feasibility and subject to project outcomes. Investor terms, including indicative returns, are set out in the Information Memorandum provided to qualified investors.

Project typeTownhouses
Dwellings17 (2 and 3 bedroom, double storey)
Site area2,170 m²
Total development costs$11.01M
Gross sales$14.16M
Equity raise$2.8M
Profit on cost18%
Expected project timeframe21 months

Centenary Grove

Request the Information Memorandum.