2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland)

By Opoly

PledgeMe.Investment

Property,



NZ $163,800 pledged


264 people pledged


3 days left


NZ $250,000 minimum target


Min

NZ$250,000

Max

NZ$250,000

65 65% Complete

Pledges will only be confirmed if the target is reached by: 26/10/2021 at 3:45 PM (NZDT)

Make a Pledge

About

2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland)

Invest in land with rising population growth from $100.

What is Opoly and how does land investment work?

Our goal is to provide investors with returns that are competitive when compared to yields in the term deposit market.

"While many people think putting their money in a bank is the safest option, sophisticated investors, however, know that banks are really one of the worst places to keep your money." - from Q Wealth Expert Evgeny Orlov

Land investment is the practice of buying a piece of land based on its potential for future sale, development or subdivision. If we choose the right areas, land is a resource with a supply that is always going down (after all, they aren’t making any more of it) and a demand that is constantly on the rise.



Above is a timelapse of the development taking place in Te Anau (Tawera Place).

Unlike most residential and commercial investments, land costs very little to maintain… no utility payments, no tenant problems, no termite infestations, no leaky faucets, no broken toilets, and if you buy it with Opoly, no mortgage repayments.

Our mission is to empower everyday kiwi's to become land owners.

Land banking in Te Anau

The Opportunity

Invest into a section with an established location which has rising population growth, and a shortage of available land.

"The population of Te Anau is on the rise, as both holiday-makers and permanent residents want to call the small town "home". Otago Daily Times reporter Laura Smith asks locals why they think that is and what it means for the Fiordland community. An influx of residents to Te Anau means the rural town is growing, and recent subdivisions have added to that population increase.

Fiordland College principal Lynlee Smith said enrolments were on the rise."

Source: Plenty to draw newcomers to Te Anau - Otago Daily Times

Nestled on the edge of the South Island’s largest lake, Te Anau is the spectacular stepping off point for those exploring the wilderness of Fiordland or those wanting to savour a place of peace and relaxation. It is also known as the gateway to Fiordland National Park and Milford Sound. 

Te Anau is located in the region of Southland. The region has been historically enjoying strong population growth, and is expeced to continue to rise. 


Source: City-Facts.com

 

The Property

This 821sqm, corner site is one of the few remaining sections in stage 2 of the Kepler Heights Subdivision. With all four services to the boundary (Water, Sewerage, Phone, Power) and title issued, this section is ready to be built on. It is located close to a large reserve with paths leading into town. 



Source: Realestate.co.nz

Property Market Inights - 5 Year Capital Growth (Te Anau, Southland)


Source: OneRoof

Capital growth, is an increase in the value of an asset or investment over time. It does not consider adjustments for Consumer-Price Index (CPI). Capital growth is measured by the difference between the current value, or market value, of an asset or investment and its purchase price, or the value of the asset or investment at the time it was acquired.

We note that market conditions may change during the term of the investment.

*Historical performance is not indicative of future performance.



Photos





 

About our Team

Felix Watkins (25) - Director
Felix has been immersed in Information Technology from a young age. He successfully ran a software development company, working with a range of clients globally. Previously Felix worked for BlockchainLabsNZ, where he audited smart contracts, ensuring quality control and providing detailed reporting practices. Following this, Felix was recruited as the lead technical specialist for Menlo One, a protocol for developing scalable decentralized applications. Felix previously also organised the Blockchain Wellington meetup group, a growing community with 1250+ members who meet on a monthly basis to discuss the implications of blockchain technology, and its important role in the future.

Isaac Williams (25) - Property Advisor
Isaac was previously an Institutional Equities Trader and Financial Analyst with Woodward Partners, in Wellington. During that time, he was responsible for Direct Market Access trading for the likes of ACC, NZ Superannuation and Milford Funds. He was also a part of major research projects and has good experience conducting financial modelling and analysis. After working in Institutional Finance, Isaac worked as a Commercial Property Broker for NZCPB. Isaac holds a Bachelor of Finance and is a Licensed Real Estate Agent by the REAA.

A note from PledgeMe

We have completed Veda checks on the companies, 2 Tawera Place Limited and Opoly Limited, and their Directors, as well as Google and Insolvency checks. There were no adverse findings.

Updates 5

4 DAYS REMAIN TO RAISE $89,900...

22/10/2021 at 7:24 PM

To all of our investors and potential investors. . .

Today have reached the final days of being able to offer shares in this prime 821m² corner section in Te Anau.

Te Anau is a growing area with population growth, rising population density, and a shortage of available land.

Due to Labour Day being a public holiday we have been granted a 1 DAY EXTENSION.

The offer will officially close on Tuesday 26 October at 4pm instead of Monday 25 October.

This means the final opportunity to invest into shares of 2 Tawera Place, Te Anau will be this weekend and Labour Day.


We have reached over 250 investors who will all become shareholders in 2 Tawera Place in the event we are able to reach the minimum target of $250,000.

If you decide to invest you won't be required to make payment unless the minimum target is reached.

After 3 years we have an estimated resale price of $345,400 (+38.16%)* for this section.

Each shareholder will receive 100% of the resale proceeds proportional to how many shares they own.

At the time of this update we have raised $160,100. We now only need to raise an additional $89,900.

For more information about the offer and how it works check out our Information Memorandum below:

https://opoly.co.nz/wp-content/uploads/2021/09/1.-Information-Memorandum-2-Tawera-Place-Limited.pdf

Please share this new exciting crowdfunding model of investing into real estate with your friends and others, and let's make this deal a success.

If this section isn't crowdfunded, it is unlikely Opoly will be able to continue to offer investment in real estate from $100. . .

Sincerely,

Opoly Team



Final chance to invest in real estate from $100 with Opoly

20/10/2021 at 8:21 AM

We are only able to offer 2 Tawera Place to investors for 5 more days. 

If this section isn't crowdfunded, it is unlikely Opoly will be able to continue to offer investment in real estate from $100. . .

We have reached 51% funding ($127,700) towards the acquistion of 2 Tawera Place, Te Anau, Southland. 

If everyone DOUBLED their pledge we would crowdfund 100% today.

If you decide to invest you won't be required to make payment unless the minimum target is reached.

Sincerely,

Opoly Team

A message to our 196 investors so far...

14/10/2021 at 4:03 PM

Time is starting to tick over as our Offer Close Date of 25th October is now only 11 days away.

We have reached 44% funding ($110,000) towards the acquistion of 2 Tawera Place, Te Anau, Southland.

This is a solid effort, however to meet the target and for this deal to go through succesfully, we still require an additional $140,000 invested to meet the minimum funding target of $250,000.

If everyone was theoretically able to double their pledge, we will all be well on our way to owning a share in this prime peice of land, as we anticipate growth in the area over the next 3 years.

If we do not crowdfund this section, it is highly likely it will be purchased by a high net worth who is able to capitalise on the growth of this area. 

Please share this new exciting crowdfunding model of investing into real estate with your friends and others, and let's make this deal a success!!

If you decide to invest you won't be required to make payment unless the minimum target is reached.

Sincerely,

Opoly Team

To all of our 162 INVESTORS…

09/10/2021 at 10:19 AM

We have collectively raised $85,200 among 162 investors for the purchase of 2 Tawera Place, Te Anau!

With only 16 days remaining, we have to raise anther 164,800 so we NEED everyone to either REINVEST or SPREAD the WORD about this amazing opportunity!

Overseas investors, developers and high net worth individuals are land banking in New Zealand right now. This is our chance to open up land banking to all KIWIS.

Please share our campaign with your friends to help us make this new exciting crowd funding model of owning property known.

As always, our lines are ALWAYS open, so feel free to contact us on [email protected] or 021 0859 2760 ANYTIME.

Cheers,

Opoly Team!

OPOLY UPDATE + PSA (25% FUNDED)

27/09/2021 at 11:25 AM

Kia ora everyone!

116 of you have chosen to invest in our second land banking deal in the town that plans to operate on it's own time ⌚😉

 

Overseas investors, developers and high net worth individuals are land banking in New Zealand right now. We're making it possible for everyday kiwi's to invest into New Zealand's land from $100.

PSA: Don’t forget you can invest more than the $100 minimum! 💵💵

 

We are excited for the next four weeks of the campaign, at this rate we will hit the target much sooner than then!

Please share our campaign with your friends to help us make this new exciting crowd funding model of owning property.known.

 

Cheers,

Opoly Team

    Details

    Offer Details

    Current Valuation 100
    Raise Minimum 250,000
    Raise Maximum 250,000
    Share Price 100.00
    Minimum Pledge 100.00
    Maximum Shares Offered 2,500
    Explanation of valuation:

    Financial Summary

    Prev Year Current Year Est. FY 2023 Est. FY 2024
    Revenue NZ $0 NZ $0 NZ $0 NZ $0
    Operating Expenses NZ $0 NZ $0 NZ $0 NZ $0
    EBITDA NZ $0 NZ $0 NZ $0 NZ $0
    Net Profit NZ $0 NZ $0 NZ $0 NZ $0

    Company Details

    Company Name: 2 Tawera Place Limited

    Company Number: 8130003

    Company Documents

    7._Certificate_of_Incorporation_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 589 KB, uploaded 21 September 2021)

    6._Company_Extract_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 392 KB, uploaded 21 September 2021)

    5._Management_Agreement_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 346 KB, uploaded 21 September 2021)

    4._Shareholder_Resolutions_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 99.2 KB, uploaded 21 September 2021)

    3._Subscription_Agreement_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 1.91 MB, uploaded 21 September 2021)

    2._Company_Constitution_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 275 KB, uploaded 21 September 2021)

    1._Information_Memorandum_-_2_Tawera_Place_Limited.pdf

    (application/pdf, 1.79 MB, uploaded 21 September 2021)

    Director Details

    Name Role Profile URL Invested?
    Felix Watkins Director https://www.linkedin.com/in/felix-watkins/

    Questions 4

    Ask a Question (You must login to ask a question)


    Why are you seeking to raise 250k of the ask is only 219k?

    And your fee of 4.22% appears to be coming from the purchase price but calculated monthly according to the management plan. Can you explain one off fee vs monthly fees as you could landbank for years?

    Posted on 23-09-2021 by Alexander Behse

    Hi Alexander,

    Thank you for your question.

    The Acquisition Fee to Opoly is a one-off fee built into the crowdfunding target of $250,000.

    Opoly does not charge any ongoing fee for the duration of the holding period.

    Please see Page 8 for full details of the fees, including council rates paid for 3 years in our Information Memorandum below:

    https://opoly.co.nz/wp-content/uploads/2021/09/1.-Information-Memorandum-2-Tawera-Place-Limited.pdf

    Cheers!

    Answered on 23-09-2021 by Opoly


    What impact does the bright-line test have on this sale? If yes, who foots the bill on the GST component, council rates and real-estate agents commission upon sale? Assume there is no interest expense given that there would be no need to borrow money?

    Posted on 24-09-2021 by Chris Merritt

    Hi Chris,

    Thank you for your questions.

    Please refer to our Taxation section on Page 10 of our Information Memorandum linked below:

    https://opoly.co.nz/wp-content/uploads/2021/09/1.-Information-Memorandum-2-Tawera-Place-Limited.pdf

    As the resale of the property is via private sale by negotiation there is no real estate agent commission.

    There is also no interest as there is no mortgage on the purchase of the property.

    Regards,

    Opoly Team

    Answered on 24-09-2021 by Opoly


    Will you get the one-off fee of 4.22% with the purchase of crowdfunding?
    If yes, what motivates you to sell this at a higher price in three years time?

    Posted on 18-10-2021 by Gayan Dissanayake

    Hi Gayan,

    Thanks for your question. We are incentivized to obtain the best possible resale price so that we can have satisfied investors who continue to invest into our land banking opportunities with Opoly.

    Regards,

    Opoly Team

    Answered on 20-10-2021 by Opoly


    Hi there. You didn't fully answer the previous persons question. "Will you get the one-off fee of 4.22% with the purchase of crowdfunding? "

    Posted on 21-10-2021 by Steve

    Hi Steve,

    Yes that is correct, in the event that the crowdfunding target is reached.

    Thanks,

    Opoly Team

    Answered on 21-10-2021 by Opoly

    Pledgers 264

    Sue mansworth
    2021-10-11 13:00:28 +1300
    Mike
    2021-10-11 12:58:46 +1300
    Margaret MARIE Sua
    2021-10-11 12:58:31 +1300
    Adrienne Gulliver
    2021-10-11 12:53:53 +1300
    Guy Hollister
    2021-10-11 12:35:56 +1300
    alaa Hassan
    2021-10-11 04:10:17 +1300
    Marco Geraldizo
    2021-10-10 14:05:10 +1300
    John Draper
    2021-10-09 12:13:42 +1300
    Pramod Rae
    2021-10-09 11:57:20 +1300
    Ian Grayson
    2021-10-09 11:52:57 +1300

    "Alexandra"

    Tara Ryan
    2021-10-09 11:07:51 +1300
    Dale Shaw
    2021-10-09 10:44:38 +1300
    Neil Hodgson
    2021-10-07 17:19:33 +1300
    James Ryan
    2021-10-07 13:29:00 +1300
    Pāora
    2021-10-07 10:44:53 +1300
    Elliot
    2021-10-07 09:44:13 +1300
    Alice O’Brien
    2021-10-07 08:33:17 +1300
    Cameron Castle
    2021-10-07 08:21:46 +1300
    Nadine Martin
    2021-10-06 18:12:15 +1300
    Stephen Hardy
    2021-10-04 20:41:47 +1300
    Monique Howell
    2021-10-04 13:50:56 +1300
    John Draper
    2021-10-04 13:37:04 +1300
    Jana Harrison
    2021-10-04 10:13:45 +1300
    ameliaharris
    2021-10-04 09:08:32 +1300
    Shynal N Priti
    2021-10-03 19:13:22 +1300
    Rory
    2021-10-03 17:49:35 +1300
    Ashley Govender
    2021-10-03 16:06:00 +1300
    Grant Caldwell
    2021-10-03 08:15:21 +1300
    Kellie Watkins
    2021-10-02 17:44:47 +1300
    jahangir Alam
    2021-10-02 17:26:29 +1300

    2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland)

    Invest in land with rising population growth from $100.

    What is Opoly and how does land investment work?

    Our goal is to provide investors with returns that are competitive when compared to yields in the term deposit market.

    "While many people think putting their money in a bank is the safest option, sophisticated investors, however, know that banks are really one of the worst places to keep your money." - from Q Wealth Expert Evgeny Orlov

    Land investment is the practice of buying a piece of land based on its potential for future sale, development or subdivision. If we choose the right areas, land is a resource with a supply that is always going down (after all, they aren’t making any more of it) and a demand that is constantly on the rise.



    Above is a timelapse of the development taking place in Te Anau (Tawera Place).

    Unlike most residential and commercial investments, land costs very little to maintain… no utility payments, no tenant problems, no termite infestations, no leaky faucets, no broken toilets, and if you buy it with Opoly, no mortgage repayments.

    Our mission is to empower everyday kiwi's to become land owners.

    Land banking in Te Anau

    The Opportunity

    Invest into a section with an established location which has rising population growth, and a shortage of available land.

    "The population of Te Anau is on the rise, as both holiday-makers and permanent residents want to call the small town "home". Otago Daily Times reporter Laura Smith asks locals why they think that is and what it means for the Fiordland community. An influx of residents to Te Anau means the rural town is growing, and recent subdivisions have added to that population increase.

    Fiordland College principal Lynlee Smith said enrolments were on the rise."

    Source: Plenty to draw newcomers to Te Anau - Otago Daily Times

    Nestled on the edge of the South Island’s largest lake, Te Anau is the spectacular stepping off point for those exploring the wilderness of Fiordland or those wanting to savour a place of peace and relaxation. It is also known as the gateway to Fiordland National Park and Milford Sound. 

    Te Anau is located in the region of Southland. The region has been historically enjoying strong population growth, and is expeced to continue to rise. 


    Source: City-Facts.com

     

    The Property

    This 821sqm, corner site is one of the few remaining sections in stage 2 of the Kepler Heights Subdivision. With all four services to the boundary (Water, Sewerage, Phone, Power) and title issued, this section is ready to be built on. It is located close to a large reserve with paths leading into town. 



    Source: Realestate.co.nz

    Property Market Inights - 5 Year Capital Growth (Te Anau, Southland)


    Source: OneRoof

    Capital growth, is an increase in the value of an asset or investment over time. It does not consider adjustments for Consumer-Price Index (CPI). Capital growth is measured by the difference between the current value, or market value, of an asset or investment and its purchase price, or the value of the asset or investment at the time it was acquired.

    We note that market conditions may change during the term of the investment.

    *Historical performance is not indicative of future performance.



    Photos





     

    About our Team

    Felix Watkins (25) - Director
    Felix has been immersed in Information Technology from a young age. He successfully ran a software development company, working with a range of clients globally. Previously Felix worked for BlockchainLabsNZ, where he audited smart contracts, ensuring quality control and providing detailed reporting practices. Following this, Felix was recruited as the lead technical specialist for Menlo One, a protocol for developing scalable decentralized applications. Felix previously also organised the Blockchain Wellington meetup group, a growing community with 1250+ members who meet on a monthly basis to discuss the implications of blockchain technology, and its important role in the future.

    Isaac Williams (25) - Property Advisor
    Isaac was previously an Institutional Equities Trader and Financial Analyst with Woodward Partners, in Wellington. During that time, he was responsible for Direct Market Access trading for the likes of ACC, NZ Superannuation and Milford Funds. He was also a part of major research projects and has good experience conducting financial modelling and analysis. After working in Institutional Finance, Isaac worked as a Commercial Property Broker for NZCPB. Isaac holds a Bachelor of Finance and is a Licensed Real Estate Agent by the REAA.

    A note from PledgeMe

    We have completed Veda checks on the companies, 2 Tawera Place Limited and Opoly Limited, and their Directors, as well as Google and Insolvency checks. There were no adverse findings.

    4 DAYS REMAIN TO RAISE $89,900...

    22/10/2021 at 7:24 PM

    To all of our investors and potential investors. . .

    Today have reached the final days of being able to offer shares in this prime 821m² corner section in Te Anau.

    Te Anau is a growing area with population growth, rising population density, and a shortage of available land.

    Due to Labour Day being a public holiday we have been granted a 1 DAY EXTENSION.

    The offer will officially close on Tuesday 26 October at 4pm instead of Monday 25 October.

    This means the final opportunity to invest into shares of 2 Tawera Place, Te Anau will be this weekend and Labour Day.


    We have reached over 250 investors who will all become shareholders in 2 Tawera Place in the event we are able to reach the minimum target of $250,000.

    If you decide to invest you won't be required to make payment unless the minimum target is reached.

    After 3 years we have an estimated resale price of $345,400 (+38.16%)* for this section.

    Each shareholder will receive 100% of the resale proceeds proportional to how many shares they own.

    At the time of this update we have raised $160,100. We now only need to raise an additional $89,900.

    For more information about the offer and how it works check out our Information Memorandum below:

    https://opoly.co.nz/wp-content/uploads/2021/09/1.-Information-Memorandum-2-Tawera-Place-Limited.pdf

    Please share this new exciting crowdfunding model of investing into real estate with your friends and others, and let's make this deal a success.

    If this section isn't crowdfunded, it is unlikely Opoly will be able to continue to offer investment in real estate from $100. . .

    Sincerely,

    Opoly Team



    Final chance to invest in real estate from $100 with Opoly

    20/10/2021 at 8:21 AM

    We are only able to offer 2 Tawera Place to investors for 5 more days. 

    If this section isn't crowdfunded, it is unlikely Opoly will be able to continue to offer investment in real estate from $100. . .

    We have reached 51% funding ($127,700) towards the acquistion of 2 Tawera Place, Te Anau, Southland. 

    If everyone DOUBLED their pledge we would crowdfund 100% today.

    If you decide to invest you won't be required to make payment unless the minimum target is reached.

    Sincerely,

    Opoly Team

    A message to our 196 investors so far...

    14/10/2021 at 4:03 PM

    Time is starting to tick over as our Offer Close Date of 25th October is now only 11 days away.

    We have reached 44% funding ($110,000) towards the acquistion of 2 Tawera Place, Te Anau, Southland.

    This is a solid effort, however to meet the target and for this deal to go through succesfully, we still require an additional $140,000 invested to meet the minimum funding target of $250,000.

    If everyone was theoretically able to double their pledge, we will all be well on our way to owning a share in this prime peice of land, as we anticipate growth in the area over the next 3 years.

    If we do not crowdfund this section, it is highly likely it will be purchased by a high net worth who is able to capitalise on the growth of this area. 

    Please share this new exciting crowdfunding model of investing into real estate with your friends and others, and let's make this deal a success!!

    If you decide to invest you won't be required to make payment unless the minimum target is reached.

    Sincerely,

    Opoly Team

    To all of our 162 INVESTORS…

    09/10/2021 at 10:19 AM

    We have collectively raised $85,200 among 162 investors for the purchase of 2 Tawera Place, Te Anau!

    With only 16 days remaining, we have to raise anther 164,800 so we NEED everyone to either REINVEST or SPREAD the WORD about this amazing opportunity!

    Overseas investors, developers and high net worth individuals are land banking in New Zealand right now. This is our chance to open up land banking to all KIWIS.

    Please share our campaign with your friends to help us make this new exciting crowd funding model of owning property known.

    As always, our lines are ALWAYS open, so feel free to contact us on [email protected] or 021 0859 2760 ANYTIME.

    Cheers,

    Opoly Team!

    OPOLY UPDATE + PSA (25% FUNDED)

    27/09/2021 at 11:25 AM

    Kia ora everyone!

    116 of you have chosen to invest in our second land banking deal in the town that plans to operate on it's own time ⌚😉

     

    Overseas investors, developers and high net worth individuals are land banking in New Zealand right now. We're making it possible for everyday kiwi's to invest into New Zealand's land from $100.

    PSA: Don’t forget you can invest more than the $100 minimum! 💵💵

     

    We are excited for the next four weeks of the campaign, at this rate we will hit the target much sooner than then!

    Please share our campaign with your friends to help us make this new exciting crowd funding model of owning property.known.

     

    Cheers,

    Opoly Team

      Offer Details

      Current Valuation 100
      Raise Minimum 250,000
      Raise Maximum 250,000
      Share Price 100.00
      Minimum Pledge 100.00
      Maximum Shares Offered 2,500
      Explanation of valuation:

      Financial Summary

      Prev Year Current Year Est. FY 2023 Est. FY 2024
      Revenue NZ $0 NZ $0 NZ $0 NZ $0
      Operating Expenses NZ $0 NZ $0 NZ $0 NZ $0
      EBITDA NZ $0 NZ $0 NZ $0 NZ $0
      Net Profit NZ $0 NZ $0 NZ $0 NZ $0

      Company Details

      Company Name: 2 Tawera Place Limited

      Company Number: 8130003

      Company Documents

      7._Certificate_of_Incorporation_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 589 KB, uploaded 21 September 2021)

      6._Company_Extract_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 392 KB, uploaded 21 September 2021)

      5._Management_Agreement_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 346 KB, uploaded 21 September 2021)

      4._Shareholder_Resolutions_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 99.2 KB, uploaded 21 September 2021)

      3._Subscription_Agreement_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 1.91 MB, uploaded 21 September 2021)

      2._Company_Constitution_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 275 KB, uploaded 21 September 2021)

      1._Information_Memorandum_-_2_Tawera_Place_Limited.pdf

      (application/pdf, 1.79 MB, uploaded 21 September 2021)

      Director Details

      Name Role Profile URL Invested?
      Felix Watkins Director https://www.linkedin.com/in/felix-watkins/

      Ask a Question (You must login to ask a question)


      Why are you seeking to raise 250k of the ask is only 219k?

      And your fee of 4.22% appears to be coming from the purchase price but calculated monthly according to the management plan. Can you explain one off fee vs monthly fees as you could landbank for years?

      Posted on 23-09-2021 by Alexander Behse

      Hi Alexander,

      Thank you for your question.

      The Acquisition Fee to Opoly is a one-off fee built into the crowdfunding target of $250,000.

      Opoly does not charge any ongoing fee for the duration of the holding period.

      Please see Page 8 for full details of the fees, including council rates paid for 3 years in our Information Memorandum below:

      https://opoly.co.nz/wp-content/uploads/2021/09/1.-Information-Memorandum-2-Tawera-Place-Limited.pdf

      Cheers!

      Answered on 23-09-2021 by Opoly


      What impact does the bright-line test have on this sale? If yes, who foots the bill on the GST component, council rates and real-estate agents commission upon sale? Assume there is no interest expense given that there would be no need to borrow money?

      Posted on 24-09-2021 by Chris Merritt

      Hi Chris,

      Thank you for your questions.

      Please refer to our Taxation section on Page 10 of our Information Memorandum linked below:

      https://opoly.co.nz/wp-content/uploads/2021/09/1.-Information-Memorandum-2-Tawera-Place-Limited.pdf

      As the resale of the property is via private sale by negotiation there is no real estate agent commission.

      There is also no interest as there is no mortgage on the purchase of the property.

      Regards,

      Opoly Team

      Answered on 24-09-2021 by Opoly


      Will you get the one-off fee of 4.22% with the purchase of crowdfunding?
      If yes, what motivates you to sell this at a higher price in three years time?

      Posted on 18-10-2021 by Gayan Dissanayake

      Hi Gayan,

      Thanks for your question. We are incentivized to obtain the best possible resale price so that we can have satisfied investors who continue to invest into our land banking opportunities with Opoly.

      Regards,

      Opoly Team

      Answered on 20-10-2021 by Opoly


      Hi there. You didn't fully answer the previous persons question. "Will you get the one-off fee of 4.22% with the purchase of crowdfunding? "

      Posted on 21-10-2021 by Steve

      Hi Steve,

      Yes that is correct, in the event that the crowdfunding target is reached.

      Thanks,

      Opoly Team

      Answered on 21-10-2021 by Opoly

      Sue mansworth
      2021-10-11 13:00:28 +1300
      Mike
      2021-10-11 12:58:46 +1300
      Margaret MARIE Sua
      2021-10-11 12:58:31 +1300
      Adrienne Gulliver
      2021-10-11 12:53:53 +1300
      Guy Hollister
      2021-10-11 12:35:56 +1300
      alaa Hassan
      2021-10-11 04:10:17 +1300
      Marco Geraldizo
      2021-10-10 14:05:10 +1300
      John Draper
      2021-10-09 12:13:42 +1300
      Pramod Rae
      2021-10-09 11:57:20 +1300
      Ian Grayson
      2021-10-09 11:52:57 +1300

      "Alexandra"

      Tara Ryan
      2021-10-09 11:07:51 +1300
      Dale Shaw
      2021-10-09 10:44:38 +1300
      Neil Hodgson
      2021-10-07 17:19:33 +1300
      James Ryan
      2021-10-07 13:29:00 +1300
      Pāora
      2021-10-07 10:44:53 +1300
      Elliot
      2021-10-07 09:44:13 +1300
      Alice O’Brien
      2021-10-07 08:33:17 +1300
      Cameron Castle
      2021-10-07 08:21:46 +1300
      Nadine Martin
      2021-10-06 18:12:15 +1300
      Stephen Hardy
      2021-10-04 20:41:47 +1300
      Monique Howell
      2021-10-04 13:50:56 +1300
      John Draper
      2021-10-04 13:37:04 +1300
      Jana Harrison
      2021-10-04 10:13:45 +1300
      ameliaharris
      2021-10-04 09:08:32 +1300
      Shynal N Priti
      2021-10-03 19:13:22 +1300
      Rory
      2021-10-03 17:49:35 +1300
      Ashley Govender
      2021-10-03 16:06:00 +1300
      Grant Caldwell
      2021-10-03 08:15:21 +1300
      Kellie Watkins
      2021-10-02 17:44:47 +1300
      jahangir Alam
      2021-10-02 17:26:29 +1300
      Equity Offer

      From NZ $250,000 for 100.0%

      Up to NZ $250,000 for 100.0%

      Share Offer

      Up to 2,500 Shares

      at NZ $100.00 per Share

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.