We've just secured our next site 
at Port Douglas, Queensland

Hello 

After much searching and analysis over the last year we are pleased to advise that we have just purchased our next development site at 8-10 Morning Close, Port Douglas.

For those of you who don’t know it, Port Douglas is a bustling international resort town located approximately 70 kilometres north of Cairns. It is surrounded by the World Heritage landscape of the Daintree Rainforest and Great Barrier Reef.

The site – which was purchased off market in January – is just under 1.5 acres in size and is around 300 metres from Port Douglas’ famous Four Mile Beach.

We are much impressed with the Morning Close site as it is well priced, near the beachfront and is relatively straight forward to develop. 

All indications are that the Port Douglas residential property should continue to do well given its sustained population growth, limited supply of available land with close beach access, natural beauty and tight planning regime.

At this stage of the cycle, we continue to feel that Queensland shows greater opportunities than most of the Southern States.

Next Steps

As a “Right of First Refusal” Registrant you or your client have a 21 day period of privileged access to review the wholesale property proposal once we have prepared the Information Memorandum and associated portfolio of Wholesale Contracts and Agreements. This will be some weeks away and will be largely determined by Council's attitude to our town planning drawings.

You do not need to take any action at this stage.

We will keep you informed via email as we progress through the concept, design and town planning stages of the project. As you can appreciate, these are very early days in the process.

Sunshine Coast – Other Potential Development Sites

We are continuing to search for appropriate sites in the northern end of the Sunshine Coast. We are still in discussions with the vendor on the Rainbow Beach site that we talked about in our last update, though we have nothing definitive to report at this stage.

You, or your accountant/adviser, are welcome to contact either myself (Phil Petch) on 0417 117 997 or Julian Counsel on 0408 417 181 should you have any queries on the Port Douglas project or the Wholesale Property Concept in general

Regards
Phil Petch
Director
Integrated Development Services Pty Ltd

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