Henley Brook Syndicate

as at 30 September 2011

Product Overview

Situated within an urban corridor of the Swan Valley in Western Australia, the Syndicate proposes to develop 40ha of land into 525 residential lots. The project will incorporate the best living community design features.

The Swan Valley is an historic vineyard and wine making area. Over recent years the area has become increasingly attractive with many new boutique wineries and restaurants opening.

The locality is easily accessed from the coast, central, eastern and southern suburbs. There are three routes providing interconnected thoroughfares across the metropolitan area linking the Perth City Centre and several regional centres. For more information go to www.avonlee.com.au.

An update of the progress of the Syndicate can be found in the latest edition of Viento Insider News.

Investment Snapshot

Applications	Fully Subscribed
Income Distributions	Distributions will be paid progressively over the life of the Syndicate, generally in proportion with the number of lots settled per year, upon commencement of selling
Distribution Reinvestment	Not Available
Minimum Withdrawal	Not Available

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Product Snapshot

Syndicate Structure	Fixed Term
Start Date	December 2005
End Date	Estimated 2015
Units on Issue	11,000,000
Purchase Price	$12,500,000 Excl. acquisition costs

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Finance Structure

Financial Institution	National Australia Bank
Loan Amount1	$18,034,451
Term of loan (years)	Expires 31 December 2011
Gearing Ratio2	58.09%
Loan to Value Ratio (LVR)	Compliant
Current Interest Rate	10.34%
Interest Variable	100% Variable

¹ Loan facility limit is $21m
² Calculated in accordance with ASIC's Regulatory Guide 46. The gearing ratio indicates the extent to which a scheme's assets are funded by external liabilities.

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Unit Pricing

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Distributions

Distributions have not commenced.

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Downloads

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