A Block of 5 Residential units. Current unit mix is 1 x one bedroom, 1 x two bedroom, 2 x three-bedroom, and 1 x 4 bedroom double storey townhouse-style units. There is also DA approval to add an extra 3 bedroom penthouse unit on top.
Project Commenced 7th January 2022
Property has been purchased with DA approval and 12 months' settlement. We will be starting on the CC process for the additional unit on top as selecting renovation options to maximize yield on the project.
We are currently getting strata plan confirmed and ready to lodge to council. Masco Group has been selected as the builder for the project.
Project commenced: 7th Jan 2022 Purchase Cost - $10,753,000 Buy-in (100 Shares): $115,000 per share* Shares Status: Available
Carry out cosmetic renovation works and build additional DA approved unit on top then sell all dwellings.
* 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 $115,000.