It is anticipated the development scheme can deliver 5 townhouses. Careful consideration has been taken in determining the most appropriate floor plate to meet the market demand and targeted price points. This will be a mix of 3-bedroom x 2 bathrooms and 4-bedroom x 3 bathrooms.
PLANNING
A planning permit has not yet been achieved on the site. The site is located within the canning bridge activity plan. As already stated, there are no overlays over the site nor is the site deemed to be abutting any overlays.
CONSTRUCTION
Construction is forecasted to begin in September 2022.
MARKETING & SALES
The strategy is to have a premium product offering with high revenue rates and lower yield compared to larger apartment projects within the area There is sufficient sales evidence to suggest the adopted revenues will be within valuation assessed values.
