2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland)
By Opoly
NZ $200,000 pledged
315 people pledged
Closed
NZ $250,000 minimum target
This campaign failed to reach its target by 26/10/2021 at 5:00 PM (NZDT) and is now closed.
Make a PledgeAbout
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.
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
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!
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 2024 | Est. FY 2025 | |
|---|---|---|---|---|
| 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
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| Felix Watkins | Director | https://www.linkedin.com/in/felix-watkins/ | ✗ |
Questions 7
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 EricHi 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
Do you need to be a permanant resident for this? If so, now or by the 3years?
Posted on 26-10-2021 by Annie ShawIf 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
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 CroninHi 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
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 SteveHi Steve,
Yes that is correct, in the event that the crowdfunding target is reached.
Thanks,
Opoly Team
Answered on 21-10-2021 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?
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
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 MerrittHi 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
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 BehseHi 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
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Followers 25
Followers of 2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland)
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.
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
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!
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 2024 | Est. FY 2025 | |
|---|---|---|---|---|
| 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
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| Felix Watkins | Director | https://www.linkedin.com/in/felix-watkins/ | ✗ |
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 EricHi 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
Do you need to be a permanant resident for this? If so, now or by the 3years?
Posted on 26-10-2021 by Annie ShawIf 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
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 CroninHi 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
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 SteveHi Steve,
Yes that is correct, in the event that the crowdfunding target is reached.
Thanks,
Opoly Team
Answered on 21-10-2021 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?
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
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 MerrittHi 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
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 BehseHi 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
Followers of 2 Tawera Place Limited: (2 Tawera Place, Te Anau, Southland)
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"Hey Bro, I bought you a house for your 30th. Love Daniel & Alex"
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I want to embed this investment somewhere
