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Rebate Offer
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2.4% (80%)
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Minimum Initial Investment
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$10,000
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Expected Close Date
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Ongoing
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Description
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The Aspen Parks Property Fund aims to provide stable, tax advantaged income returns, paid monthly, along with capital growth over the long term.
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| Product Disclosure Statement |  Download Product Disclosure Statement (PDS) |  Request Product Disclosure Statement (PDS) |
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The Aspen Parks Property Fund offers an opportunity to invest in a unique property sector, invest in the holiday and accommodation park industry. The fund aims to acquire, manage and expand a portfolio of park properties to provide regular monthly income as well as capital growth for the long term. As at 1 July 2010, Aspen Parks Property Fund will offer investors an income yield of 8.80% pa.
Income is derived from multiple streams:
- Tourist income: large part of the Fund's income is derived from the traditional business of a holiday park, staying for reltative short periods of time.
- Holiday homes: annual leases leases enabling holiday makers to own a cabin in a park with an annual license over the site.
- Semi-permanent residents: Workers from resources and other related industries often need to be accomodated in towns or remote areas where availability of traditional housing is restricted and often very expensive.
- Permanent residents: Park living is growing in popularity as residents seek an alternative for affordable community lifestyle.
Since inception in 2004, the Fund has acquired a portfolio of 25 properties diversified across mix of park occupants and locations. The park industry was identified by Aspen Group as having all the hallmarks of a successful property investment with its diverse land locations, robust income streams and capital growth potential. Aspen Parks was created to take advantage of an expanding industry undergoing rapid transformation from the humble caravan park, an icon of Australian culture, to a multi-faceted accommodation facility catering to a variety of clientele, ranging from travelers, backpackers and young families, to large resource companies and their contractors. In March 2009, as a result of the global financial crisis and weak property markets, the manager took the proactive step of having the entire property portfolio revalued by external independent valuers. The valuations produced a decline of only 3.5% in the portfolio value, a result reflective of the strength of the portfolio and its income streams.
Key Features
- 8.8% pa (effective 1 July 2010) distributions paid monthly
- Distributions include a tax deferred component
- Geographically diverse park portfolio with 25 properties across Australia
- Income derived from well diversified mix of park occupants and locations
An investment in the Aspen Parks Property Fund represents a stapled security structure, a structure adopted to ensure the most beneficial tax outcome for Securityholders. Aspen Parks consists of Aspen Parks Property Trust (APPT) and Aspen Parks Property Management Ltd (APPM) with investors receiving a stapled security of one unit in APPT and one share in APPM.
Aspen Funds Management Limited, a subsidiary of Aspen Group has been appointed to manage the Fund and will draw on the property investment and management experience of the Group. Aspen Group is also a cornerstone investor in the Fund.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 2.4% of the 3.0% upfront commission on investments in the Aspen Parks Property Fund as additional units. 2020 DIRECTINVEST will retain 0.6% to cover postage & handling, marketing and administration of the fund. No trailing commission is paid on the Aspen Parks Property Fund. |
| Download Product Disclosure Statement (PDS) | | Request Product Disclosure Statement (PDS) |
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