Kareelya capitalising
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Tuesday, 8 February, 2000 - 21:00
THE Kareelya Property Group is capitalising on the growing tourism sector in the South West with a further development in Busselton.
The company is building eighty-eight Broadwater Bungalows adjacent to the existing Broadwater Resort and shopping village on Bussell Highway at a cost of $20 million.
Of the bungalows developed, thirty-one will be offered for sale as strata title investment holiday homes with guaranteed minimum financial returns.
The remaining fifty-seven will be offered for sale as a syndicate.
Broadwater Bungalows will offer a range of facilities including indoor and outdoor swimming pools, a gymnasium, sauna and a cafe-restaurant.
Kareelya Property Group director Brett Jackson said that Broadwater Bungalows were ideally positioned for easy access to the wonderful wineries, beaches and forests within the region
“Investors have the added security of knowing that the development is the first strata scheme development in WA to be approved by the Australian Securities and Investments Commis-sion,” Mr Jackson said.
“This investment product has been developed in accordance with the Managed Investments Act 1998 and is the first investment development in WA to be sold under the new Act via a prospectus lodged with the ASIC.
“This not only gives the investor legal protection but also peace of mind that they are investing with a company that has the experience and expertise to handle such development,” he said.
“With the ever-increasing popularity of the South West region we believe the development is also well placed to cater for the growing coach tour market.”
The company is building eighty-eight Broadwater Bungalows adjacent to the existing Broadwater Resort and shopping village on Bussell Highway at a cost of $20 million.
Of the bungalows developed, thirty-one will be offered for sale as strata title investment holiday homes with guaranteed minimum financial returns.
The remaining fifty-seven will be offered for sale as a syndicate.
Broadwater Bungalows will offer a range of facilities including indoor and outdoor swimming pools, a gymnasium, sauna and a cafe-restaurant.
Kareelya Property Group director Brett Jackson said that Broadwater Bungalows were ideally positioned for easy access to the wonderful wineries, beaches and forests within the region
“Investors have the added security of knowing that the development is the first strata scheme development in WA to be approved by the Australian Securities and Investments Commis-sion,” Mr Jackson said.
“This investment product has been developed in accordance with the Managed Investments Act 1998 and is the first investment development in WA to be sold under the new Act via a prospectus lodged with the ASIC.
“This not only gives the investor legal protection but also peace of mind that they are investing with a company that has the experience and expertise to handle such development,” he said.
“With the ever-increasing popularity of the South West region we believe the development is also well placed to cater for the growing coach tour market.”