House & Land Package Under $1m.
About
Settle Land | Build Home | Lease Property | Hold for 5 Years | Sell for Capital Gain
This Tryb is for those property investors that want to join others like them to band together and purchase a block of land and construct a new home total value under $1m.
Group Rules
5 Year Investment Term
This Unit Trust is designed to purchase property as per the property description and hold it for a period of 5 years. At completion of 5 years the property will be sold visa the sale method.
Sale Method: Valuation then Auction
At end of the Investment term, the property will be valued and then listed for sale with a local agent to be selected by the Trustee. The sale method will be by Auction.
Minimum Sale Value
At the end of the term, the sale value accepted by the trustee must be at least market value in order to be accepted. Any amount exceeding market value must be accepted by the trustee.
Professional Trustee
The Trust's accountant will be appointed as the Trustee for the Trust who must act under the rules of the Trust and where rules rail must take a vote from the unit holders where majority rules.
Fees as per the standard Tryb Fee Schedule
Fees as per the standard Tryb Fee Schedule available here: https://www.tryb.au/fees
Info
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September 30, 2024
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