Joint venture Deal- Multiple Exit strategy deal
About The Client
- A well-established cardiologist who has equity to invest in property. He is after risk minimization and making sure he is able to leverage the expertise of a property professional to grow his wealth while he continues doing interventional medicine.
- Strategy: Development of 5 townhouses after demolishing the house and sell all.
Option to keep the existing house and build 3 townhouses.
Option to on-sell the site once DA is approved to the potential DA uplift.
- Location: NSW- The South coast.
- Land size: 1100m2- Rent the existing house while seeking development approvals.
Let’s talk numbers-
- Purchase Price: $620K
- Weekly rental rent while awaiting approvals: $475
- DA in council to build 5 townhouses: Best and maximum use of the site
Purchase Price: $620K
Weekly rental rent while awaiting approvals: $475
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+61 431 577 620
3 Darren Ct, Glenwood NSW 2768, Australia