“Matthew helped us secure our first development property within 2 months and his team worked swiftly to commence the development process….. They never pushed us into any decisions we were uncomfortable with and answered our never ending barrage of questions professionally and with enthusiasm.”
Trinh & Wei-Mun
1. Client Brief
Encouraged by friends, our clients, a busy professional couple, came to Capital Property Advisory initially looking to attempt their first development project – only problem was they had little knowledge and even less time. Through expert advice, as well as collaboration with their mortgage broker, our acquisitions team was able to source and secure a development site which would allow this couple to educate themselves on the process to the point where they were able to make confident decisions and allow our team to manage the entire process from beginning to end.
|Property Purchase Saving||$40,500|
|Estimated Development Costs||$1,852,398|
|Potential Profit Margin||$247,602|
|Margin on Development Cost||13.4%|
|Internal Rate of Return||16.3%|
|Project Timeline||16 months|
We knew we were in a good position financially and did not want to overextend ourselves but wanted to leverage our fortunate position to ensure financial security in our twilight years.”
2. Property Sourced & Negotiation
3. Design and Subdivision
4. Development outcome:
Our clients are ecstatic with the designs and project feasibility, which is set to return a very healthy $247,602 over the 16 month project timeline. The clients are planning on holding all three townhouses at the end of the project and are well on the way to their desired property investment portfolio goals.