Water Front Development Project in Sydney area 63 villas plus, Price $10m, on 9.75 hectares, this Unique project has been manifested in a few ways.
- Sale price $10m Torrance title
- Location 1162 River Rd Lower Portland NSW 2756,
- Riviera Ski Gardens. Lower Portland NSW 2756
- Land size 9.75 hectares.
- DA approved 63 villas plus extra 22 can also be developed later.
- Profit is estimated over 100% of outlay.
- Sales estimation $33,800,000 on 63 villas
- Project development can start immediately
- No council contribution required or further approval from Baulkham Hills Council.
- Cash flow can commence in 6 mths
- Villas are built off site see photos supplies
- Infrastructure cost about $1m and completed in 6 mths
I have can supply recent valuation on a completed villa with independent valuer showing two values One as is without infrastructure and other with project completed.
Project would be marketed at $550,000 for water front, as Land elevation is at above 100 year flood level not 20 year as others.
Cash flow and feasibility study showing net profit $13,891,000 on total 63 villa project, studies completed buy sellers accountant.
Client is interested in selling property out right for $10,000,000 with DA.
Project is now ready to start work and pre-sales.
In 2012 2 large Real Estate franchises where requested to give seller estimation of property value and cost to market and sell DA approved project, we can supply 12 page report.
Promotion of project and Sale of property did not proceed past enquiry information.
If you require any further information and/or view property please contact me.
Disclaimer : The above information was provided to me by third parties including the seller, so this information and it accuracy should not be relied on when making financial decision on the purchase of this property. I recommend that the buyer should seek their own independent analysis and verification of information supplied from other specialist such as their accountant or financial Planner. I can’t verify the accuracy of any of the information supplied and accept no financial reasonability or liability for any losses that may occur from the buyer purchasing the above property and the above proposal.