Big Block Needing Unique Design

Jack is a repeat client. He is a highly successful, well-financed executive who loves property but doesn’t have the time to invest fully in a development. We fit really well as JV Partners.

Originally asking over $3m, the vendors of this property mucked around for months (multiple siblings, deceased estate) and the agent was about to throw in the towel. I started talking to him when it was at $2.7m and when it finally hit $2.4m I said there is interest. After a few weeks haggling, we secured it for $2.125m on a long settlement.

Prior to purchasing, I had plotted all the trees, measured their protection areas, and got advice from a good arborist. An architect I’d known for years helped me development a concept for a very awkward block. And, a top town planner provided some good advice. Once we secured the property, we began the hard slog with Council.

Ultimately, they granted us a permit for 8 large houses. We completed all construction documents and appointed a top local agent to manage a sales campaign.