2. Kenlynn Properties Aust (KPA) was started humbly in 1963 by company founder Peter Flynn building suburban 6 pack blocks of units in the suburbs of Brisbane. The business is family owned and operated by Peter Flynn, Scott Flynn and Anthony Flynn who each have separate responsibilities within the company. KPA build and develop 50 – 80 units each year in Brisbane as well as 1 hotel / motel project every 3 years. KPA only build for themselves and do not contract to other parties. This ensures time, quality and monetary constraints are kept in order. KPA believe in specialising and concentrating on the medium density residential market in Brisbane only. KPA are firm believers in creating long term financial security through conservative and good quality residential investment. KPA retain all of there hotel and motel projects + 50% of all units constructed. KPA motto is: “We believe in providing a well designed quality product in a good location.This product will provide value for money as well as strong capital and rental growth for the purchaser”. Kenlynn Properties Australia

3. KPA specialise in developing medium density residential projects only in Brisbane. We aim to provide a quality product that will produce the two main fundamentals of successful property investment: This will occur when there is: 1. Capital growth 2. Rental growth 1. Residential amenity: The location and convenience facilities for the occupiers is superior. 2. Quality of product: This includes construction quality and location quality. 3. Layout and design: Creates a practical and convenient space for the occupier to live in without wasting space. 4. The property is professionally managed. Our Business Focus

4. KPA offer a finished product including window coverings without adding costs for extras and a rental underwriting for the first 6 months after settlement to ensure cash flow from day one KPA only buy in quality locations that offer maximum potential for capital growth and rental growth KPA manage the development process from start to finish including construction and management KPA have a very solid reputation in the market and have been using the same successful ‘model’ for 46 years KPA believe their apartments are competitively priced in the market as they adopt the same pricing set by valuers in their valuation notes compiled by the project financier. Why Buy from KPA?

5. Hyde Apartments is a boutique project of 44 units comprising of: 1 x 1 bed/1 bath + study: $480,000 6 x 2 bed/1 bath: $520,000 - $545,000 32 x 2 bed/2 bath: $600,000 - $630,000 5 x 3 bed/2 bath: $775,000 - $860,000 Hyde Apartments are perfectly located in a premium, tranquil tree lined street, located in the exclusive riverfront suburb of Teneriffe, just a stone’s throw away from the excitement and buzz of New Farm, Fortitude Valley, Brisbane City and Newstead. The project is surrounded by quality residential accommodation and can’t be built out. At the end of the street is the Brisbane River and boardwalk with Teneriffe Park only 35 metres from the complex, as well as Coles and New Farm Park just up the road. Summary of Project

6. Panoramic View

7. Map of Local Area

8. Premium location in the heart of Teneriffe. Designed with a central atrium by award winning architect Noel Robinson. Single level basement, lift, lap pool and relaxation area with a central atrium boasting loads of natural light and ventilation. Complex consists of ground, first, second, third and fourth floor, with the top floor apartments boasting higher than normal ceilings, with most units enjoying a ‘green’ outlook. Complex is secured at all boundaries including basement with all apartments having intercom communication with the front entry for guests. Project Specifics

9. Floor Plans: Basement

10. Floor Plans: Ground Floor

11. Floor Plans: First Floor

12. Floor Plans: Second Floor

13. Floor Plans: Third Floor

14. Floor Plans: Fourth Floor

15. Typical Floor Plan: 1 bed + study (51m 2 + 38m 2 = 89m 2 )

16. Typical Floor Plan: 2 bed / 1 bath (58m 2 + 16m 2 = 74m 2 )

17. Typical Floor Plan: 2 bed / 2 bath (77m 2 + 12m 2 = 89m 2 )

18. Typical Floor Plan: 3 bed / 2 bath (100m 2 + 63m 2 = 163m 2 )

19. Unlike the majority of our competitors, we do not set the prices on projects we develop. We adopt the same pricing as set by CBRE National Valuers in their report to our financier on current gross values. Therefore, this gives surety to the buyer and the referrer that value for money is being achieved. In summary, it’s very unlikely that a Valuer will reflect an unrealistic or inflated sales price, which developers often set themselves. Valuers always lean to the side of conservatism as we are aware. Therefore we are quietly confident that pricing is competitive. How are Apartments in the Complex Priced

20. All apartments have stone bench tops in the kitchens and bathrooms, airconditioning and usable and functional internal and external living areas. All ground floor apartments have window furnishings, security screens and fly screens. All above ground apartments have window furnishings and fly screens. All apartments retained in the rental pool will have a rental underwriting for 6 months from settlement. This mechanism is simply a ‘top up’ mechanism in the unlikely event a minimum gross return is not achieved. This gives surety on cash flow from day 1. Underwriting is as follows: 1 bed/1 bath + study @ $450 per week 2 bed/1 bath @ $500 per week 2 bed/2 bath @ $580 per week 3 bed/2 bath @ $750 per week Many units have storage cages adjoining the alloted car space. For those that don’t, a storage bin will be attached to the wall of the car park. All apartments boast extra storage cupboards located on the balcony What is Included in an Apartment

21. Locality boasts very strong demand from both owner occupiers & tenants due to: Residential amenity: including extensive paths, river-walks and public spaces Efficient Transport Proximity to CBD Abundance of retail shops & lifestyle conveniences Quality residential surroundings Area boasts an astonishing 20% capital growth in the year to March 2010 and a consistent 10.1% capital growth in apartments over the the past 10 years. Rental vacancy rates for the Inner Ring of Brisbane were 2.8% in the June 2010 quarter, compared to the Brisbane LGA of 4.9% for the same period Rents for a 2 bedroom apartment in the year June 2009 - June 2010 increased 15.38% compared to Brisbane City of 2.85% Summary Notes from Colliers International Report

22. New Farm Peninsula Unit Sales Cycle

23. www.hydeapartments.com.au