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

By Opoly

PledgeMe.Investment

Property,



NZ $200,000 pledged


315 people pledged


Closed


NZ $250,000 minimum target


Min

NZ$250,000

Max

NZ$250,000

80 80% Complete

Pledges will only be confirmed if the target is reached by: 26/10/2021 at 5:00 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 9

Final update from Opoly

26/10/2021 at 4:20 PM

Unfortunately we have not been able to crowdfund 2 Tawera Place, Te Anau.

Multiple cash buyers have been ready to purchase this land and we have now expired our deadline meaning our investors will not be able to buy shares into this property from $100 with Opoly and PledgeMe. This land will now be purchased by an individual, who will be able to enjoy the benefits of this great piece of land in Te Anau. 

It is unfortunate that we have not been able to complete our objective but want to thank everyone who has supported us and identified this as a good investment. 

We would like to take this opportunity to also thank the PledgeMe team, who have been very supportive towards Opoly. We encourage everyone to check out the other investments within PledgeMe - because there are some other great crowdfunds which are currently live.

For all of our Opoly supporters, we would like to take this opportunity to tell you that we are currently working on the Woolies Jeans project so we encourage you all to check that out:

https://www.pledgeme.co.nz/investments/491-woolies-jeans

Thanks again for your support.

Sincerely,

Opoly Team

 

 

 

Extension request update

26/10/2021 at 3:36 PM

This morning we have put in a request with the vendors solicitor to extend the campaign by a further 2 weeks with a new Offer Close Date of Tuesday 9 November by 4pm.

We are awaiting to hear back the decision on this extension request. 

As a result of this, the close time for the campaign has been amended to 5pm today, while we await for news on if this can be made possible.

We are now sitting at $200,000 of $250,000 raised and only have a further $50,000 to go for the campaign to be a success.

We will be posting another update as soon as we know if we have been granted an extension.

Sincerely,

Opoly Team

$180K funded with $70K to go. Offer closes in 28 hours.

25/10/2021 at 9:44 AM

We have only 28 hours to go to raise an additional $70K before this offer closes on Tuesday 26 October at 4:00pm.
To join 292 investors and become a shareholder in 2 Tawera Place click on the link below and 'Make a Pledge'. 👇
Payment won't be required until the minimum target is reached.
This is our last day to get this deal over the line and we're nearly there!


50 hours to raise $77,600 - Let's get this deal over the line!

24/10/2021 at 1:35 PM

Only 50 hours remain to raise $77,600 for the crowdfunded purchase of 2 Tawera Place to go ahead. 🎢


On Tuesday 26 October at 4:00pm this offer will expire. We are unable to extend this offer for any longer.

A huge thank you to Stuff for covering our progress!

https://www.stuff.co.nz/business/property/126736293/more-than-250-investors-looking-to-copurchase-te-anau-property

To become one of the many shareholders in this section you can invest by clicking the link below and clicking 'Make a Pledge' 👇

In 3 years we have an estimated resale price of $345,400 (+38.16%)*

https://www.pledgeme.co.nz/investments/485

You won't be required to make any payment unless the funding target is reached. ✅

This is our last chance we have at crowdfunding this section.

We're so close, please share and let's make this deal a success together!

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

    Documents no longer available to download, as this campaign has closed

    Director Details

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

    Questions 7

    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


    Is the three year term set in Concrete, if prices rise as they have done already is it possible that you would sell before? Is there a current valuation of the property and what prices have similar properties sold for recently?

    Posted on 25-10-2021 by Paul Cronin

    Hi Paul,

    Thank you for asking this.

    You can find a current valuation of the property and recent sales for similar properties here:

    https://www.realestate.co.nz/property/2-tawera-place-te-anau/b7psgrbmd

    Yes, the three year term is set in concrete. As stated in the Information Memorandum this plot will be put up for sale as close to October 25, 2024 as possible.

    Best regards,

    Opoly Team

    Answered on 25-10-2021 by Opoly


    Do you need to be a permanant resident for this? If so, now or by the 3years?

    Posted on 26-10-2021 by Annie Shaw

    If you are out of NZ you can still pledge but you’ll need to upload a copy of your passport and proof of address when you register to invest. You will also need to confirm you are legally allowed to invest in your home country, and PledgeMe will require you to confirm you are a wholesale investor.

    Answered on 26-10-2021 by Opoly


    Has the team behind Opoly pledged any funds towards this round? (Or are they only running this pledge and taking the management fee). Private Equity managers/directors frequently invest along side external investors (ie skin in the game). Might be an idea in order to get this across the line. c.$50k isn't that much if you truly believe in the idea.

    Posted on 26-10-2021 by Eric

    Hi Eric,

    Yes the team has pledged what available funds they have in an effort to help with getting this deal over the line, as well as our previous land bank offer also.

    We do truly believe that this model of investing in real estate is the future as it is becoming more and more out of the reach for many.

    Sincerely,

    Opoly Team

    Answered on 26-10-2021 by Opoly

    Pledgers 315

    Hemi mitchell
    2021-10-24 12:10:11 +1300
    Tania Tarver
    2021-10-24 10:40:59 +1300
    Andrea Hawkes
    2021-10-24 09:54:48 +1300
    Youngi Kim
    2021-10-23 18:48:16 +1300
    Dominick Coppinger
    2021-10-23 18:11:24 +1300
    Lum Rakovica
    2021-10-23 16:28:21 +1300
    Trim Trimmy Rakovica
    2021-10-23 16:25:02 +1300
    Brian Lacey
    2021-10-23 13:26:22 +1300

    "A great concept that should become more and more a part of our investment landscape"

    Claire Mae
    2021-10-23 12:35:09 +1300
    Geurt Renzenbrink
    2021-10-23 12:03:23 +1300
    Fred
    2021-10-23 11:38:59 +1300
    Junior Charlie
    2021-10-23 11:33:31 +1300
    Angelica Bueno
    2021-10-23 11:29:43 +1300
    Raewynne (Rj) Murfitt
    2021-10-23 11:24:25 +1300
    Lex McRae
    2021-10-23 10:22:59 +1300
    S Baker
    2021-10-23 10:22:48 +1300
    Dean
    2021-10-23 10:21:46 +1300
    Wei-Chun Hung
    2021-10-23 10:18:32 +1300
    Solomona Samasoni Seluone
    2021-10-23 10:09:02 +1300
    Andrew Drake
    2021-10-23 10:07:37 +1300
    Felix
    2021-10-23 09:58:26 +1300
    Graeme Fair
    2021-10-23 06:04:08 +1300
    John Mathai Kallanil
    2021-10-22 23:03:51 +1300
    Chelsea Millar
    2021-10-22 21:19:58 +1300
    Dilanie Cabraal
    2021-10-22 21:15:25 +1300
    Francis Caluya
    2021-10-22 20:49:01 +1300
    Shynal N Priti
    2021-10-22 20:21:00 +1300
    Lyall
    2021-10-22 20:06:49 +1300
    Erica Doran
    2021-10-22 16:15:14 +1300

    "this is my second pledge, i hope we get there!"

    Ranuka Lata Sharma
    2021-10-22 15:13:55 +1300

    Followers 25

    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.

    Final update from Opoly

    26/10/2021 at 4:20 PM

    Unfortunately we have not been able to crowdfund 2 Tawera Place, Te Anau.

    Multiple cash buyers have been ready to purchase this land and we have now expired our deadline meaning our investors will not be able to buy shares into this property from $100 with Opoly and PledgeMe. This land will now be purchased by an individual, who will be able to enjoy the benefits of this great piece of land in Te Anau. 

    It is unfortunate that we have not been able to complete our objective but want to thank everyone who has supported us and identified this as a good investment. 

    We would like to take this opportunity to also thank the PledgeMe team, who have been very supportive towards Opoly. We encourage everyone to check out the other investments within PledgeMe - because there are some other great crowdfunds which are currently live.

    For all of our Opoly supporters, we would like to take this opportunity to tell you that we are currently working on the Woolies Jeans project so we encourage you all to check that out:

    https://www.pledgeme.co.nz/investments/491-woolies-jeans

    Thanks again for your support.

    Sincerely,

    Opoly Team

     

     

     

    Extension request update

    26/10/2021 at 3:36 PM

    This morning we have put in a request with the vendors solicitor to extend the campaign by a further 2 weeks with a new Offer Close Date of Tuesday 9 November by 4pm.

    We are awaiting to hear back the decision on this extension request. 

    As a result of this, the close time for the campaign has been amended to 5pm today, while we await for news on if this can be made possible.

    We are now sitting at $200,000 of $250,000 raised and only have a further $50,000 to go for the campaign to be a success.

    We will be posting another update as soon as we know if we have been granted an extension.

    Sincerely,

    Opoly Team

    $180K funded with $70K to go. Offer closes in 28 hours.

    25/10/2021 at 9:44 AM

    We have only 28 hours to go to raise an additional $70K before this offer closes on Tuesday 26 October at 4:00pm.
    To join 292 investors and become a shareholder in 2 Tawera Place click on the link below and 'Make a Pledge'. 👇
    Payment won't be required until the minimum target is reached.
    This is our last day to get this deal over the line and we're nearly there!


    50 hours to raise $77,600 - Let's get this deal over the line!

    24/10/2021 at 1:35 PM

    Only 50 hours remain to raise $77,600 for the crowdfunded purchase of 2 Tawera Place to go ahead. 🎢


    On Tuesday 26 October at 4:00pm this offer will expire. We are unable to extend this offer for any longer.

    A huge thank you to Stuff for covering our progress!

    https://www.stuff.co.nz/business/property/126736293/more-than-250-investors-looking-to-copurchase-te-anau-property

    To become one of the many shareholders in this section you can invest by clicking the link below and clicking 'Make a Pledge' 👇

    In 3 years we have an estimated resale price of $345,400 (+38.16%)*

    https://www.pledgeme.co.nz/investments/485

    You won't be required to make any payment unless the funding target is reached. ✅

    This is our last chance we have at crowdfunding this section.

    We're so close, please share and let's make this deal a success together!

    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

      Documents no longer available to download, as this campaign has closed

      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


      Is the three year term set in Concrete, if prices rise as they have done already is it possible that you would sell before? Is there a current valuation of the property and what prices have similar properties sold for recently?

      Posted on 25-10-2021 by Paul Cronin

      Hi Paul,

      Thank you for asking this.

      You can find a current valuation of the property and recent sales for similar properties here:

      https://www.realestate.co.nz/property/2-tawera-place-te-anau/b7psgrbmd

      Yes, the three year term is set in concrete. As stated in the Information Memorandum this plot will be put up for sale as close to October 25, 2024 as possible.

      Best regards,

      Opoly Team

      Answered on 25-10-2021 by Opoly


      Do you need to be a permanant resident for this? If so, now or by the 3years?

      Posted on 26-10-2021 by Annie Shaw

      If you are out of NZ you can still pledge but you’ll need to upload a copy of your passport and proof of address when you register to invest. You will also need to confirm you are legally allowed to invest in your home country, and PledgeMe will require you to confirm you are a wholesale investor.

      Answered on 26-10-2021 by Opoly


      Has the team behind Opoly pledged any funds towards this round? (Or are they only running this pledge and taking the management fee). Private Equity managers/directors frequently invest along side external investors (ie skin in the game). Might be an idea in order to get this across the line. c.$50k isn't that much if you truly believe in the idea.

      Posted on 26-10-2021 by Eric

      Hi Eric,

      Yes the team has pledged what available funds they have in an effort to help with getting this deal over the line, as well as our previous land bank offer also.

      We do truly believe that this model of investing in real estate is the future as it is becoming more and more out of the reach for many.

      Sincerely,

      Opoly Team

      Answered on 26-10-2021 by Opoly

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      "A great concept that should become more and more a part of our investment landscape"

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      "this is my second pledge, i hope we get there!"

      Ranuka Lata Sharma
      2021-10-22 15:13:55 +1300
      This campaign was unsuccessful and finished on 26/10/2021 at 5:00 PM.

      This campaign has closed, but this company may choose to do more equity raises on PledgeMe in the future. If you're interested in investing in 2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland), you can sign up to be notified when a new equity campaign from this company is published.

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

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