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.
Key milestones/actions for the month
- Protocols, documentation, and project set up
- Concept drawing progression
- Landscape Architect concept progression
- Town Planning draft report prepared
PLANNING
The consultant team has been working on concept drawings. So far, the design is within the council policies constraints and the aim is to submit a design with a low-risk approach.
The team is expecting to submit a formal Development Application in November / December 2021. It is anticipated council shall approve the DA within a 4 month period.
CONSTRUCTION
Construction is yet to commence.
SALES & MARKETING
A market strategy is yet to be defined, an allocated budget within the feasibility has allowed for a marketing, creative agency, printing costs, and advertisement campaign.
