Kidman Station Update from DomaCom CEO, Arthur Naoumidis

Thank you for your expression of interest in DomaCom’s Kidman Station crowdfunding campaign.  As we mentioned in our last update, we have partnered with Lloyds Business Brokers to find investors to acquire S Kidman & Co’s operating business.

I am pleased to report that Lloyds Business Brokers already have sufficient interest from investors to purchase the operating business, so the onus is now on us to fund the purchase of the land component. Consequently, I would like to ask you to follow through on your expression of interest by completing an application to the DomaCom Fund to join this crowdfunding campaign. To make an application, please visit  www.buykidman.com.au

For your information, a recent report prepared by Rural Bank shows that the average growth in Australian farm land over the past twenty years was 5.8% across all of Australia.

If the average Australian farm land continues to grow in value based on the historic average* of 5.8%, then investors in the Kidman Station DomaCom Sub-Fund may expect to receive a total return of around 8.8% to be derived from 3.02% net rent plus 5.8% capital growth. The proposed gross rent from the Kidman land is 3.90% less the DomaCom Fund annual fee of 0.88%.

 

Please assist this campaign by sharing it with your friends, Once again, we thank you for your support and we will keep you posted of our progress.

Arthur Naoumidis, DomaCom CEO