1 - 5 James St, Blakehurst, NSW

A well-positioned DA-approved unit site. Approved for 23 units. Unit mix is 3 x three bedroom units, 16 x two-bedroom units and 4 x 1 bedroom units.

Project Commenced 17th January 2022

Estimated Profit

$5,371,027

85.16% Return

Project Status

Property has been purchased with 10 months delayed settlement.

We are currently looking at getting the construction certificate ( cc ) and confirming designs with Architects/ Builders.We are looking to improve the current internal layout of the units to increase saleability.

We are working on beginning marketing campaign and creating sales
material through Kingdom Residences to start selling units off the plan with local conjunction agents.

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

Overview

Project commenced: 17th Jan 2022
Purchase Cost - $6,152,000
Buy-in (100 Shares): $63,000 per share*
Shares Status: Available

Exit Strategy

Build & sell all dwellings off the plan within the next 24 - 36 months then distribute profits accordingly.

Duration - 24 - 36 months
Estimated Profit $5,365,070

$53,650.70 per share

85.16% 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 $63,000.

Developer - Kingdom