Brookwater Golf & Spa reSort

R e s i d e n t i a l R e s O Rt

P U R C H a s e R i n F O R M at i O n

London, United Kingdom

HONG KONG

GOLF & COUNTRY CLUB

A GreG NormAN Golf Course DesiGN

DeveloperBrookwater resort Investments pty ltd. ACN 167 460 317www.brookwaterresort.com

Subsidiary of World Group llC-UK & Maxsen Capital Group Hong Kongwww.world-group.co www.maxsengroup.com

25 Years experience

168 Freehold luxury resort Apartments resort Clubhouse, recreation Club & retail

THe reSorT168 luxury Resort apartments incorporating 2,3 & 4 bedroom configurationsResort Clubhouse & Recreation Club (circa 15,000 sqm)

resort Clubhouse, rec Club & retail owner: Brookwater resort Commercial pty ltd ACN 602 311 204 - Freehold Owner of Resort Clubhouse - Freehold Owner of exclusive Recreation Club

resort Managements rights owner: Brookwater resort Investments pty ltd. ACN 167 460 317 - leasehold of Common Property - leasehold of Resort apartments

a selection of 2, 3 and 4 Bedroom luxury Resort apartment configurations on various Management lease-Back package options from 6% to 10% Gross

Returns and 3% to 5% net Returns with 4 to 6 weeks stay per year and up to 30% discount off all resort services.

3 eASY STepS To pUrCHASe

step 1 select apartment & choose Management lease-Back package option and pay $1000 refundable deposit to request a Contract.

step 2 Once contract received, sign contract and Management-lease-Back and pay 10% to 20% deposit of the Purchase Price or provide a deposit Bond for the same amount. deposits are interest bearing and held in trust.

step 3 Pay Balance only on completion of the apartment and staRt ReCeiVinG RetURns plus 4 to 6 Weeks stay per year, up to 30% discounts on all Resort services with no other costs.

resort Clubhouse circa 14,000sqm

Facilities: Main Reception & 24 Hour Concierge Porte-Cochére & Valet Business Centre Grande Ballroom & Conference Facilities extensive fully integrated Back of House (BOH)

4 signature Restaurants: 24 Hour Café & Room service Facilities themed dining and executive Club / lounge lobby lounge & Bar

Other amenities: international day spa

4 themed Retail Precincts: Comprising 68 Resort Boutiques in Brookwater lane, First Park lane and the West and east souks over looking lush tropical landscape gardens and water-ways with connecting colonnades.

Members, owners & Guests private recreation Club

Featuring: Reception, Porte-Cochére, Bridal Centre, Chapel, Retail, Café, lounge, Kids Club, teens lounge, Water slides, Gymnasium, 25m lap Pool, Children’s Pool / Playground, lagoon & Hydro Pools, sand lagoon, Wedding event deck & lawn, Pool lounges, secure Resort environment with 24hr security.

To Be reTAINeD to provide all Resort services & Facilities

To Be SolD & leASeD BACK Under a Management lease

reSorT STrUCTUre

1. the developer and Resort Management Rights Owner will own the Resort Central Facilities, (i.e. Resort Pavilion & Club), and will lease back the Resort apartments

2. the Resort Operator will manage the luxury Resort apartments for the developer and Management Rights Owner

3. the developer and Resort Management Rights Owner will also lease back from the Body Corporate all Common Property and perform all of the responsibilities of the Body Corporate under the Common Property lease.

4. the lease Back will Provide:

a. no outgoings to Resort apartment Owners. all outgoings will be paid by the Resort Management Rights Owner;

b. Circa 6% to 11% Gross Returns to Resort apartment Owners;

c. the Gross Return income is made up of:

(i) 2% of the purchase price as a fixed Base Rent;

(ii) 3% to 6.5% of apartment operating costs paid by the Resort Operations with no cap should costs rise. a “tax invoice” will be provided annually to the apartment owner to allow for full tax deduction of all outgoings paid by the Management Rights Owner for the benefit of the apartment owner; and

(iii) all Resort apartment Owners will be provided with a depreciation schedule to claim additional tax deductions. (Refer to 0.5% in depreciation allowance in ‘lease Payment Method Review’)

(iv) Up to 2.5% of the purchase price as an additional Rent depending on the performance of the apartment as outlined below:

(a) tier 1 Up to 1% of Purchase Price on the basis that the apartment achieves the Resort Operators budgeted annual yield.

(note: the budgeted yield changes annually); or

(b) tier 2 Up to 1.5% of the off-plan Purchase Price on the basis that the Resort Operator achieves 5% above the budgeted annual yield for a particular apartment; or

(c) tier 3 Up to 2% of the off-plan Purchase Price on the basis that the Resort Operator achieves 10% above the budgeted annual yield for a particular apartment; or

(d) tier 4 Up to 2.5% of the off-plan Purchase Price on the basis that the Resort Operator achieves 15% above the budgeted annual yield for a particular apartment.

d. total Return: Circa 6% to 11% gross & up to circa 5% net.

all revenue and costs are allocated to each Resort apartment based on each Resort apartments individual performance. no revenue or costs are pooled.

e. all direct operating costs, such as Body Corporate levies, Gst, fees, repairs & maintenance, amenities, council rates and apartment operating costs such as housekeeping, garbage disposal, gardening, pool cleaning, in-room amenities, disbursements and so on associated with the letting of each Resort apartment is paid for by the Management Rights Owner. (land tax is not included, and depends on each individual owners total property investments)

f. the Management Rights Owner will provide a full furniture and amenities package in each leased back Resort apartment including all ongoing repairs, replacement and refurbishment approximately every 5 years.

5. the Resort apartment Purchaser can choose from 1 of 3 Management-lease-Back-Package Options

STrUCTUre & reTUrNS

pACKAGe opTIoNS

25 year lease back;

6 weeks stay per year (Occupancy Costs Payable - no greater than 50% of Rack Rate) (excluding Peak school Holiday Period, Public Holiday & special event dates - subject to request and upon availability)

resort Membership Includes: - 25% discount off applicable Resort Goods & services - Gold Recreation Club Membership use

6% to 9% estimated gross return;

3% to 5% operating costs paid by resort operations,

with no cap should direct operating costs rise, and;

Up to circa 4% net return.

owner Member resort Benefits: Use of all resort facilities and applicable discounts on resort goods and services 365 days per year, available even when not staying in the resort for Owner(s) and immediate family.

25 year lease back;

4 weeks per year free stay (Occupancy Costs Payable - no greater than 50% of Rack Rate) (excluding Peak school Holiday Period, Public Holiday & special event dates - subject to request and upon availability)

resort Membership Includes: - 30% off applicable Resort Goods & services - Platinum Recreation Club Membership use - Golf Club Membership use

7% - 11% estimated gross return;

4% to 6% operating costs paid by resort operations, with no cap should direct operating costs rise, and;

Up to circa 5% net return

owner Member resort Benefits: Use of all resort facilities and applicable discounts is 365 days per year and are available even when not staying in the resort for Owner(s), extended family and friends by pre-registration.

†† Owner may utilize extra in-house stays per year (at Owners Rate) subject to

availability with a pro-rata effect on the gross and net returns.

(Owner Rate no greater than 65% of Rack Rate)

all Rates, electricity, Water, land tax, Operating and Maintenance Costs as well as all associated Holding Costs are paid by the Resort apartment Owner, plus circa $94 to $105 per week paid to the Body Corporate or as per annual Body Corporate Budget.

the Resort Operator has a 25 year management agreement from the Body Corporate to maintain all common property and courtyards and pools as well as provide all housekeeping and maintenance services on an as required basis.

Unlimited owner occupation of apartment.

excludes owner Member resort Benefits

if the apartment is required to be let by the Resort Manager, it will be at a daily pro-rata return of 2% of the Purchase Price, and all direct operating costs will be paid pro-rata by the Resort Operations during the days the apartment is let.

Under this option, no indirect operating & holding costs or holding costs such as rates, land tax or Body Corporate levies will be paid by Resort Operations, these are the direct responsibility of the Owner.

letting notification to be provided by apartment Owner to the Resort Operator each time letting is required, with a 1 month advanced notice and a 3 month minimum letting period.

opTIoN A opTIoN B opTIoN C

All CoSTS pAID by resort operator

BeNeFITS CHArT

All CoSTS pAID by the resort operator No CoSTS pAID by the resort operator

Packages Memberships Lease Back Stay Discounts Gross Return Cost Paid with No CapDepreciation

ScheduleNet Return Owner Member Benefits

Other Annual Costs paid by Owner

Option AResort & Recreation

Club25 Years 6 weeks 25% 6 to 9%

Est. 3% to 5%with No Cap

Yes Up to circa 4%365 Days Per Year for

Owner & immediate familyNone

Option BResort, Recreation

Club & Golf25 Years 4 weeks †† 30% 7 to 11%

Est. 4% to 6%with No Cap

Yes Up to circa 5%365 Days Per Year for Owner, Spouse, Children extended family and friends

None

Option C Not included Not included As required 0%2% of Purchase Price Pro-Rata

Direct Operating Costs only during letting nights

Yes Unknown Not includedEstimated $15,000 plus

annually TBC

leASe BACK reTUrNS SUMMArY

MANAGeMeNT CoMpoNeNTS

FIrB Approval & ITr Status Furniture package provided & refurbished every 5 years25 Year resort Management Agreement by International operator Up to 30% Discount of resort Goods & Services and up to 6 weeks stay per year

Note: Option C only pays rent and direct operating costs on the dates the apartment is let by the Resort Manager on a daily pro-rata basis of 2% of the apartment purchase price.

all other apartment holding costs will be the responsibility of the apartment owner.

in Option C as per Option a and B, the Resort Manager has an agreement from the Body Corporate as the letting agent and service provider on the resort.

any additional services required to maintain an apartments private property including pools, courtyards, gardens and general external and internal appearance as per the Body Corporate standards will be charged to the apartment owner monthly, where as in Option a and B the Resort Operator pays all the costs and burdens the owner with no additional costs whatsoever.

legend: BC = Body Corporate Pro-Rata = each night let from available 365 night per year no Cap = if the existing costs should rise the Resort Operations will continue to pay. FiRB = Foreign investment Review Board approval itR = integrated tourist Resort status, can be resold to off-shore purchasers, very

exclusive and unique australian investment status

SpeCIAl BeNeFITS

NoTeS To leASe BACKGroSS & NeT reTUrNS SUMMArY (TYpICAl YeAr)1

PuRChASe PRiCe exAMPLe

OPtiON BASe ReNt100% COStS By

ReSORt OPeRAtiONSNO CAP

ADDitiONAL ReNt

Net RetuRN tOtAL RetuRN

$595,000 A 2% Est. 3% to 5% 1.8% 3.8% 6.8% to 8.8%

$595,000 B 2% Est. 4% to 6% 2.4% 4.4% 8.4% to 10.4%

$595,000 C 2% Pro-RataDirect Costs

Pro-Rata per occupied nightN/A N/A Negative

Est. $94 to $105 p/wk BC Levies paid by apartment owner as per

BC Budget

All other holding costs and indirect operating costs paid by apartment

owner

BoDY CorporATe & CoMMoN properTY reSorT ClUBHoUSe & reCreATIoN ClUB 168 lUxUrY ApArTMeNTS

lease Back of Common property by Developer / resort Management rights owner & Managed by Dusit Thaniall Body Corporate responsibilities to be performed by the resort operators, no fees or costs to apartment Owners.

owned by Developer / resort Management rights owner and Managed by Dusit ThaniInclusions: - 24hr Reception, Concierge & security - Restaurants & Room service - Retail, day spa & Greg norman Golf Course Membership - Conference Facilities, swimming Pools, Recreation Club, Kids Club, Gym, Water slides, Bridal Centre, Chapel

+ discounts to apartment Owners

lease Back by Developer / resort Management rights owner and Managed by Dusit ThaniInclusions:- Full furniture package

- all operating costs paid by Resort Operations

- 6% - 11% Gross return based on off-the-plan Purchase Price

- Up to 5% net return based on off-the-plan Purchase Price

1. Based on year 5 on the Lease Payments Methods brochure.

BoDY CorporATe

FIrB Approval & ITr Status Furniture package provided & refurbished every 5 years25 Year resort Management Agreement by International operator Up to 30% Discount of resort Goods & Services and up to 6 weeks stay per year

1. lease Back documents (apartment lease Back and Common Property lease) contained in the Contract of sale written under Queensland Property law (Property Occupations act 2014 and the land titles act 1994).

2. Body Corporate disclosure documents contained in the Contract of sale written under Queensland Body Corporate law (Body Corporate and Community Management act 1997).

3. apartment lease Back contained in the Contract of sale written under Queensland Property law. the Resort Management Rights Owner deals with all Owner issues when not staying at the Resort.

4. BMs (Building Management statement) contained in the Contract of sale in the disclosure section written under Queensland Property law.

5. Body Corporate Manager, disclosed in the Body Corporate disclosure statement attached to the Contract of sale.

6. Resort Operator manage the responsibilities of the Resort Management Rights Owner as per the Management agreement and the lease-Back of Common Property both contained in the Contract of sale and written under Queensland Property law.

7. Resort Operator deals exclusively with Resort Guests and Resort Facilities users including Members and Owner Members.

note: ernst Body Corporate Management Pty ltd to provide co-ordination of all parties under Queensland law.

Body Corporate operating Method by ernst Body Corporate Management pty ltd

1

2

5

4

6

7

3

CoMMUNITY TITleS SCHeMe (CTS)

A STANDArD QUeeNSlAND STrATA TITleD CoMMUNITY TITleS SCHeMe (CTS)

168 luxury Resort apartments + Managers lot + Common Property

resort operator to be responsible for

management of the resort & resort guests

On-site Body Corporate Manager deals with

apartment owners regarding Body Corporate Matters

Management Rights Owner deals with lease-Back with

apartment owners

BoDY CorporATe

INDIvIDUAl ApArTMeNT

oWNerS

oN-SITe BoDY CorporATe MANAGer

MANAGeMeNT rIGHTS oWNer

reSorT operATor

reSorT GUeSTS

Building Management Statementa defined operating method between service providers & facilities

BMS

reSorT ClUBHoUSe + reC ClUB168 luxury Resort apartments & Common Property lease-Back

or visit www.brookwaterresort.com or email us on myconcierge@firstresidence.com.au

Mike evans+61 (0) 415 636 487

mikeevans@firstresidence.com.au

Marcus Buskey+61 (0) 412 647 199

m.buskey@oliverhume.com.au

For further information or enquiries, please contact 1300 883 098

Brookwater Golf & Spa reSort