CoVESTA, the fractional investment property platform, is looking for people who want a property investment that provides more than monetary returns.
It said that people who normally donate to charities can invest as little as $3000 in an investor syndicate and, once the syndicate is full, a property suitable for charities or refuges is bought under their names and held in a trust for five years.
The first of these properties to be sold on the CoVESTA site is a five bedroom property in Grafton, which has been rented as a recovery house by the Cranes Care and Support organisation for more than 20 years.
People with special needs are accommodated in the property over a 12 week period and taught living skills, provided with a health plan, budgeting and access to social services to reduce recidivism and to help them reconnect with the community.
Investors are not locked in. Syndicate buyers can opt to sell their block at market value or purchase additional blocks in the syndicate if available.
CoVESTA said syndicate members will know they have helped people with special needs, while investing in the buoyant Grafton property market, with revenue from a secure tenant guaranteed for at least five years.
The current owner of the Grafton property wants to sell the property with vacant possession, a situation Cranes is hoping will change if the CoVESTA syndicate is able to buy the property.
The property investment platform has a range of syndicates throughout Australia.