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

Estimated Profit

$6,293,998

58.82% Return

Project Status

Property has been purchased Subject to a DA approval with settlement to
occur 6 months from DA approval.

Current owners are working on getting DA approval confirmation and we
expect approval to come in within the coming months.

We will be using Kingdom Residences to Start presales once DA has been
approved.

Masco Group has been selected as the builder for the project.

Overview

Project commenced: 30th August 2021
Purchase Cost - $10,625,000
Buy-in (100 Shares): $107,000 per share*
Shares Status: Available

Exit Strategy

Build and sell all dwellings off the plan within the next 24 - 30 months then distribute profits accordingly

Duration - 24 - 30 months
Estimated Profit $6,293,998

$62,939 per share

58.82% Investment Return †

* Buy-ins increase at the close of every funding
round and in accordance with the project’s value at
that stage. Note that each project has several
funding rounds prior to construction commencing.
† Based on the initial buy-in of $107,000.

Developer - Kingdom