A large block of 12 x strata titled 2 Bedroom units that is zoned R4. Our plan is to renovate and sell or refinance after post-renovation valuation.
Project Commenced 15th December 2021
Property has been purchased with a 6-month settlement
Strata plan is currently being confirmed
We are getting renovation costs quoted.
Plan is to renovate externals and internals between tenancies. At this stage, Kingdom is deciding to hold onto all units long-term and pay investors out by way of refinance. Valuation to be ordered as soon as renovations are complete.
Project commenced: 15th December 2021 Purchase Cost - $4,028,000 Buy-in (100 Shares): $43,000 per share* Shares Status: Available
Make cosmetic property improvements the refinance or sell all units.
* 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 $43,000.