This document proposes a property development and investment opportunity in Melbourne, Australia. It involves developing 3-4 townhouses on a property acquired in Reservoir for total investment of AUD750,000 from 5 investors. Each investor will receive 10% annual interest payments and a 20% share of net profits. Construction is estimated to take 12 months, after which unsold townhouses will be placed on the market. The development aims to provide investors with a return on investment of over 10%.