“memorial mews” bowen project update
NOVEMBER 2013
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Construction well underway
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Full height blockwork has been completed for all units
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Internal timber framing of partition walls and roof trusses is complete
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Gutters and fascias installed to all units and roof covering commenced
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Rendering of all the window and door reveals is complete and installation of external windows and doors commenced
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‘Rough-in’ of the plumbing and electrical well underway
Project Update The excellent weather has continued again in Bowen meaning there have not been any delays caused by inclement weather to date. The builder is going full steam ahead to try and get the units to ‘lock-up stage’ which means all units will be completely water tight so even with bad weather, internal works will continue. Over the coming 1-2 months we would expect some more seasonal wet weather which we hope will not hinder the completion of the external works to the development.
Externally, the structure is now complete. All the blockwork is now competed to the roof level. Window reveals have all been rendered allowing for the installation of the windows to commence which is progressing but not yet complete. Fascias and gutters have been installed to all units, including the low-level roof covering. The main roof covering has been completed to 2 of the 3 blocks and should all be complete by the middle of next week. The rendering of the units has commenced as well.
Bloomer Construction are continuing to progress very well on site. Internal works are starting to take shape very quickly and walking through site you get a real appreciation of the proportions of the units. Bloomer have done all the internal framing of the partition walls within the units and have started to install the plasterboard to some of the walls. Rough-in electrical has completed and the rough-in of the plumbing services is progressing.
Over the coming period, we would expect the roofs to all be completed and all windows / external doors installed. The plasterboard and staircases should be installed with the potential for some fit-out of services. The kitchens and tiling are also scheduled to commence over the coming period, and are expected to be completed over the next few weeks. The next update promises to be very interesting with the units all starting to take their final shape with lots of photos to help you visualise it.
AT A GLANCE Overview
22 townhouse development
Location
6 Brisbane Street, Bowen, QLD
Forecast Construction Completion
March 2014
Fund Objective
The development and construction of a townhouse project to provide wholesale prices for investors
Current Status
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Full height blockwork has been complete to all units
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Internal timber framing of partition walls and roof trusses is complete
§§
Gutters and fascias installed to all units and roof covering commenced
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Rendering off all the window and door reveals is complete and installation of external windows and doors commenced
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‘Rough-in’ of the plumbing and electrical well underway
“memorial mews” bowen project update
NOVEMBER 2013
Forecast project timeframe Completion of BA Drawings
COMPLETED
Development Permits
COMPLETED
Construction
Strata Titling
Settlement of Sales
Dec
SITE Images
Jan
Feb
Mar
Apr
May
Jun
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
“memorial mews� bowen project update
NOVEMBER 2013
SITE Images
Important note This Investor Update document contains general information relating to the Lynter Group Bowen Residential Development Trust (Trust) and does not contain personal advice or financial product advice. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information and making financial decisions, you should consider whether this information is appropriate for you and are recommended to seek independent financial, investment, tax and/or legal advice having regard to your own objectives, financial situation and needs. Any forward looking statements and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. The Trust is subject to various risks, including property industry risks and development and construction risks which may affect the performance of the Trust and investor returns. Accordingly, there is no guarantee that the Trust will complete the development within the timeframe forecast (or at all), and there is no guarantee that forecast or targeted investor returns, and/or returns of capital invested, will be achieved.