Residential Land

The Royal Oak Hammond Rd Trust

Fully Subscribed

A closed-ended wholesale unit trust developing a 2.08-hectare freehold residential site at 119 Hammond Rd, Success WA into a 38-lot infill sub-division with generous public open space and a community playground. Development approval and sub-division approval are in place, earthworks have commenced, and titles are expected in November–December 2026.

Fund overview

The Royal Oak Hammond Rd Trust holds a 2.08-hectare freehold residential landholding at 119 Hammond Rd in Success — an established infill suburb within Perth's southern corridor. The site is being developed into 38 residential lots, master-planned around a large area of public open space and a community playground.

The site was acquired in October 2025, with the offer opening the same month and fully subscribing at $6.5 million. The trust runs to a two-year term, with capital planned to be returned through the sale of the completed lots.

Strategy & thesis

Infill land in established suburbs carries a structural advantage over fringe estates: the surrounding streets, schools, shops and transport already exist, and the supply of comparable englobo sites is finite. Success sits in a corridor where demand for titled lots continues to outpace delivery.

The project is materially de-risked at the point of investment: the development approval and sub-division approval are both in place and earthworks have commenced. The remaining path to titles — expected November to December 2026 — is delivery, not approval risk.

The asset

Asset: 119 Hammond Rd, Success WA
Title: Freehold residential
Land area: 2.08 ha
Development: Residential sub-division of an infill suburb, with large public open space and a community playground
Proposed lots: 38
Status: DA and sub-division approval in place; earthworks commenced; titles expected Nov–Dec 2026

Term & structure

Structure: Closed-ended wholesale unit trust, offered by Information Memorandum
Term: Two years
Acquisition: October 2025
Offer opened: October 2025 — fully subscribed
Equity raised: $6.5 million
Liquidity: Illiquid for the fund term; capital planned to be returned via sale of the asset
Minimum investment: $500,000 AUD
Eligibility: Wholesale, sophisticated and professional investors only

Returns

Residential Land

Target

65–75%

Target ROE

Net of fees, over the two-year term of the investment. Not an annual rate.

Royal Oak Asset Management Pty Ltd (CAR No. 1297058) and Alex Gismondi (AR No. 1297050) are authorised representatives of Wholesale Securities Pty Ltd (ABN 89 601 790 470, AFSL No. 466877).