33 Oleander Parade, Caringbah South, NSW

A well-positioned townhouse site, DA approved for 4 dwellings. Unit mix is 3 x 3 bedroom plus study double storey townhouses and 1 x 3 bedroom single storey villa with shared basement car parking.

Project Commenced 10th May 2022

Estimated profit: $1,784,064
46.34% return

Project Status

Property has been purchased with 8 months delayed settlement.
We are currently looking at getting the construction certificate (CC) and
confirming designs with Architects/Builders. We are looking to improve on the current internal layout of the units to increase saleability as well as free up more living space.

Local Agent has been selected to start pre-sales with a blind offer for one of the dwellings coming in at $2.25M. We are not accepting this offer however this is a good indication of the market at this early stage.
Masco Group has been selected as builders for these projects.

Overview

Project commenced: 10th May 2022
Purchase Cost: $3,755,000
Buy-in (100 Shares): $38,500 per share*
Shares Status: Available

Exit Strategy

Build and sell all dwellings off the plan then distribute
profits accordingly upon completion.
Duration: 24 - 30 months
Estimated Profit: $1,784,064
$17,840.64 per share
46.34% 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 $38,500.

Developer - Kingdom