9 Porters Lane, St. Ives, NSW
A DA-approved site for 12 Townhouses. Unit mix is 11 x 3 bedders and 1 x two bedder units with basement parking.
Project Commenced 30th August 2021
Property has been purchased Subject to a DA approval with settlement tooccur 6 months from DA approval.
Current owners are working on getting DA approval confirmation and weexpect approval to come in within the coming months.
We will be using Kingdom Residences to Start presales once DA has beenapproved.
Masco Group has been selected as the builder for the project.
Project commenced: 30th August 2021Purchase Cost - $10,625,000Buy-in (100 Shares): $107,000 per share*Shares Status: Available
Build and sell all dwellings off the plan within the next 24 - 30 months then distribute profits accordingly
Duration - 24 - 30 monthsEstimated Profit $6,293,998
$62,939 per share
58.82% Investment Return †
* Buy-ins increase at the close of every fundinground and in accordance with the project’s value atthat stage. Note that each project has severalfunding rounds prior to construction commencing.† Based on the initial buy-in of $107,000.
Developer - Kingdom
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