FOR SALE OR LEASE 3028M2 DA APPROVED INDUSTRIAL DEVELOPMENT -MARRICKVILLE

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Asset for sale or lease

 

This asset offers the kind of prestige amenity not previously seen in a Marrickville industrial development. Floor-to-ceiling windows in this impressive north facing street front building offers abundant natural light and pleasant open plan work areas.

Construction is due to commence Q12019 this asset would suit property groups looking for a long term quality asset in an extremely popular area of Marrickville. Contact us on the form below for pricing and a detailed IM.

Property Features

  • DA approved 5 level Building with basement parking
  • GBA (excluding parking) 3,128sqm
  • Site Area 2,039sqm
  • 27 Secure Basement Spaces & 13 Grade level parking spaces
  • Generous outdoor spaces
  • 400m to Marrickville Metro
  • 800m to Sydenham Station
  • Construction due to commence March 2019

For additional information request the investment IM below

Marrickville Industrial IM

 

 

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Understanding the true development potential of your vendors property

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cpc-logo  February 2019

In real estate sales vendors are relying on the exclusive agents’ ability to understand their properties  “highest and best use” – in a tough market even more so.
 
Historically local agents have shied away from researching and fully understanding planning controls such as site FSR, height limits and permitted uses under current zonings. This should be part of any agents core skill set, providing additional services around town planning and development to better assist their vendor is key in adding value.
 
A few years ago I enquired with a local agent about a prime dual fronted site in an exclusive beachside suburb of Sydney. The agent didn’t even mention the redevelopment potential of the block even though a few doors up the exact same sized block was under construction to build a duplex. This agent didn’t take the time to research his listing to its full extent, not fully marketing to developers really sold the listing short.
 
Agents need to ensure the best outcome for their vendors and fully understand and actively market the development potential of their listing if applicable. Simply placing STCA on your signboard should only be the start of your marketing plan to developers.
 
Attending local community events on potential rezonings, understanding the local LEP and DCP controls and having a good understanding of state government’s mandated growth areas will ensure you can advise your vendor of the potential current and long term value of their asset.

Having a go-to town planner that can look at your listing and provide you with a quick planning overview is also a great way to ensure you haven’t missed anything.

 

Your vendor will appreciate you explaining all of their options and providing them with as much information as possible so they can make informed decisions. You may be able to assist them with a short term equity release solution to allow them to hold their asset until the market improves.

If your vendor is open to development upside risk you could discuss the strategy of selling the site with DA approval. An alternate strategy could be to examine the “optioning up” of the property to a developer which could maximise the sale price in today’s market.

You can be sure they will appreciate your advice given you have demonstrated you haven’t just gone for the hard sell option.

 

Our mission is to provide greater opportunity to property industry stakeholders through financial technology. Our platform links like-minded property investors, developers and financial professionals allowing superior networking and business reach resulting in better deals. Contact CPC to better understand the full development potential of your site to maximise the value of your asset.

For Sale – Social Studio Living in Brisbane – fully tenanted yielding 7.8% p.a

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Asset for sale –

 

V1 Developments Pty Ltd are offering for sale a 5 dwelling social studio residence in Hendra Brisbane.

Completed in January 2019 the asset is Brisbane City Council Rooming Code compliant maximising rental returns by allowing up to 5 independent residences on one title.

This newly legislated style of micro-apartment development has allowed investors certainty around small apartment product within the inner ring suburbs of Brisbane resulting in substantially higher yields. 

Each dwelling is leased on either a short or long term standard lease agreements and is generating total cash income of $1650/wk providing an annual income of $85,800 or 7.8% rental yields.

Yields above are based on a purchase price of $1,100,000.

This development fills a gap in the local Hendra rental market, appealing to fly in/out workers, students and young professionals. Located 6km from the Brisbane CBD and close to some of Brisbane’s largest developments including the new Brisbane Casino (completion due 2020) the property is accessible via many public transport options.

The Rooming Accommodation Code is a style of dwelling encouraged by Brisbane City Council (primarily for students and young professionals who have been priced out of the local market) as part of their City Plan 2014 policy that encourages smaller style private accommodation in well-established areas of Brisbane.

V1 Developments Rooming Accommodation Investment Overview

  • Four assets are available off-market to purchase ranging in price from $950,000 to $1.1m
  • Choice of assets across 4 suburbs (Hendra, Tennyson, Cannon Hill and Bardon)
  • Annual yields (Hendra property) 7.8%*
  • Fully tenanted and developer rental guarantee provided for 12 months from the date of purchase
  • Land area 400-450m2 block in well-established areas of Brisbane.
  • Stamp duty and depreciation benefits available.
  • Dwellings fully compliant with the Rooming Accommodation code
  • Designed to allow reconversion in the future to a single family dwelling at minimal cost.
  • Long-term management of tenancies under a rental management agreement an option

For additional information request the investment IM below.

Micro Apartments IM

*Refer to IM for additional information, CPC takes no responsibilty for the accurancy of any information within the IM.

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For Sale 17,562m2 Heritage Listed Development Site – Katoomba Village

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Asset for Sale

An off-market opportunity exists to acquire a sizable landholding in the heart of historic Katoomba. This development site presents developers with enormous potential suitable for new seniors living medium density village combined with a  vision and passion for heritage restoration and historical architecture.

The mix of old and new would provide residents with a truly unique offering in the Blue Mountains within the growing and competitive seniors living market.

The site consists of 17,562m2 of land across three lots in North Katoomba, extremely well positioned the site has the following local amenities:

  • 150m to Katoomba Train Staton and Great Western Highway
  • 700m to Coles, Aldi,  Target and Big W and Katoomba Town Centre
  • 1.2km to Blue Mountains Hospital
  • Next door to public tennis courts, local bowling club and cinema complex

The site offers the following characteristics

  • Relatively flat land which is elevated enjoying district views to the north.
  • Not within a BAL bushfire prone area, landlocked with existing housing on all sides derisking potential bushfire hazards
  • Suitable for a range of accommodation options under current R1 – General Residential zoning.
  • Historic Renaissance Centre (formerly Mt St Mary’s College built in 1908) located at the top of the site. This building is listed on the State Heritage Register and would offer an exceptional communal facility and additional accommodation options to service the development.
 
 The ideal buyer will be a development group with substantial experience in seniors living facilities with a passion for heritage architecture. For a detailed IM on this site see below enquiry form.

 

 

Katoomba Development Site

 

*Refer to IM for additional information.

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For Sale – Stunning New Bardon QLD Executive Residence Yielding 4.1% p.a

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22nd May 2018

CPC is proud to offer this off-market investment opportunity to purchase a stunning new designer residence in the affluent suburb of Bardon QLD. 

Located only 5.5kms from the Brisbane CBD the residence overlooks beautiful parklands and is within walking distance to numerous schools and local amenities. 

This property will appeal to the higher end of the rental market as a solid investment property initially yielding 4.1% p.a ($67,600 annually)*

 The development group and builder have a solid track record of developing modern executive residences in Bardon and surrounding areas. They are providing investors opportunity to acquire this asset off-market via direct negotiation with the developer and only a few months to project completion. 

 
  
The Opportunity
  • Purchase of new stunning 4/5 Bedroom architecturally designed residence in Bardon Qld
  • Residence features 335m2 of internal floor area, 5 bed, 3.5 baths, 2 car garage
  • Open plan indoor/outdoor modern design with timber floors. 2.7m high ceilings
  • Kitchen features Miele appliance and stone benchtops
  • Zoned and ducted A/C
  • Extensive landscaping and pool 

Investment Financials*

  • Purchase price $1.65m
  • Rental guarantee of $1,300 per week rent ($67,600 annually) underwritten by the developer for 3 years.
  • Project completion July 2018, standard settlement terms.
  • For recent comparable sales and rental analysis in Bardon refer to detailed IM.

Enquiry Executive Residence Bardon Qld

*Refer to IM for additional information.

1st Mortgage Debt Deal Sutherland Development Site – 9% returns

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16th April 2018

A registered first mortgage opportunity exists to provide funding returning 9% p.a. This project is located within 300m of the Sutherland Train station 25 km from the Sydney CBD.

The loan is secured over the existing group of properties and the overall site has DA approval to build apartments and will commence construction once presales targets are met. 

The maximum LTV on this loan is 63% and is secured via first mortgage. A copy of the valuation can be provided upon request. The development site consists of several residential parcels, the “as-is” assessed value of the site with development approval is $11.8M. The developer is highly experienced and currently undertaking marketing and presales.

The exit strategy for this loan will be to refinance it via a construction facility in 2019.

The minimum investment is $500,000 and interest is 9% paid monthly in arrears. This opportunity is open for a limited time only, further details are below.

INVESTMENT DETAILS*

Loan Facility Type Registered 1st Mortgage
Interest Rate (investor) 9% per annum
Total Loan Value $7.4M
Minimum -Maximum Investment $500,000 – $4M
Loan Term 12 Month Facility from December  2017 
Max Loan to Value (LTV)  63% 
Targeted Financial Close Settlement occurred 1st December 2017

WHO CAN INVEST?

  • An investment of $500,000 or more by any Australian resident or non-resident.
  • Any business that is not considered a small business (less than 20 people)
  • Professional & sophisticated investors
  • An Australian financial services licensee
  • A body regulated by APRA include banks, building societies, credit unions, and life and general insurers.
  • A trustee of a superannuation fund
  • An approved deposit fund,
  • A pooled superannuation scheme
  • A listed entity, or a related body corporate of a listed entity.

To obtain further an Information Memorandum (IM) for this investment please contact dlovato@crowdpropertycapital.com.au  or ph. 0434 932 634. *Refer to IM for additional information.

 

Investment Opportunity 15% Returns – DA Approved Childcare Centre

Child Care Centre Development 15% Returns
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26th February 2018

 

  • Investor Forecast Returns 15% p.a
  • Minimum Investment $500,000 AUD
  • Wholesale Investor Opportunity

This low risk, high return investment opportunity is available for investment now for a limited time until fully subscribed.

A Sydney based property firm with a national childcare development footprint is offering a 12-month preferred equity investment in a prime DA approved child care centre site.

Located in a residential growth corridor of Brisbane the project is well underway and is now substantially de-risked due to:

  • DA approved for a 97 place childcare centre
  • 20-year Agreement For Lease (AFL) now executed with a national operator
  • Build competitively tendered, within budget and contractor appointed
  • Debt finance to fund the construction stage secured with Westpac
  • Experienced developer with a very strong track record

The developer has funded all of the project costs to date off their balance sheet including initial site acquisition. 

Equity raising is being undertaken by the project sponsor to allow redeployment of equity into other childcare development opportunities elsewhere across the country.

The exit strategy for this development is to sell the completed childcare centre via public auction upon completion.

INVESTMENT DETAILS*

Capital Raising Type Preferred Equity
Forecast Investor Returns 15% p.a 
Investment Time Frame 12 months 
Minimum Investment $500,000
Investment Structure Fixed Unit Trust
Targeted Financial Close April 2018
Anticipated Distributions May 2019

REQUEST FURTHER INFORMATION

WHO CAN INVEST?

  • An investment of $500,000 or more by any Australian resident or non-resident.
  • Any business that is not considered a small business (less than 20 people)
  • Professional & sophisticated investors
  • An Australian financial services licensee
  • A body regulated by APRA include banks, building societies, credit unions, and life and general insurers.
  • A trustee of a superannuation fund
  • An approved deposit fund,
  • A pooled superannuation scheme
  • A listed entity, or a related body corporate of a listed entity.

To obtain further an Information Memorandum (IM) for this investment email dlovato@crowdpropertycapital.com.au  or ph. 0434 932 634. *Refer to IM for additional information.

 

 

1st Mortgage Debt Deal Southern Sydney Development Site

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15th December 2017

A registered first mortgage funding opportunity exists to fund a development project 11kms south of the Sydney CBD.

This opportunity is lead by highly experienced property development executives who are able to better assess risks and provide funding on loans with Loan To Value (LTV) ratios and Covenants that are reflective of the specific projects risk profile. The maximum LTV on this loan is 42% secured via first mortgage.

The developer has acquired the site for $26.5M in 2016 (100% equity funded). The total required facility of $11M is secured against the existing five lots. The maximum LVR is assumed to be 42% (subject to valuation).

The development is a 6,000m2 site yielding 168 apartments and is located 11km from the Sydney CBD. The site is 350m from the train station and 2km from Sydney Airport.

The exit strategy for this loan is the developer completing his current project in another suburb of Sydney. The developer has a solid track record of delivering apartment projects in Sydney (2012-2016 delivered 480 units over 5 projects, GDV $213M).

The minimum investment is $1.1M and interest is 10% paid monthly in arrears. This opportunity is open for a limited time only, further details are below.

 

INVESTMENT DETAILS*

Loan Facilty Type Registered 1st Mortgage
Interest Rate (investor) 10% per annum
Total Loan $11M
Minimum Investment $1.1M
Loan Term 12 Month Facilty from settlement date
Max Loan to Value (LTV) 42% (subject to valuation)
Targeted Financial Close Settlement occurred 1st September 2017

WHO CAN INVEST?

  • An investment of $1,100,000 or more by any Australian resident or non-resident.
  • Any business that is not considered a small business (less than 20 people)
  • Professional & sophisticated investors
  • An Australian financial services licensee
  • A body regulated by APRA include banks, building societies, credit unions, and life and general insurers.
  • A trustee of a superannuation fund
  • An approved deposit fund,
  • A pooled superannuation scheme
  • A listed entity, or a related body corporate of a listed entity.

To obtain further an Information Memorandum (IM) for this investment please contact dlovato@crowdpropertycapital.com.au  or ph. 0434 932 634. *Refer to IM for additional information.

 

Australia Surges in P2P Balance Sheet Lending

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24th September 2017

New research showing Australia has risen to become the second largest alternative finance market in the Asia Pacific sends a strong signal to the world about the underlying strength of Australia’s fintech and business environment.

Findings from a joint study by KPMG, the Cambridge Centre for Alternative Finance and the Australian Centre for Financial Studies, released today, reveals that Australia’s alternative finance market size grew by 53 per cent from 2015 to 2016 and has now reached US$609.6 million.

According to the Second Asia Pacific Alternative Finance Industry Report, Australia has leap-frogged Japan to become the second largest alternative lending market (behind China) across the Asia-Pacific.

FinTech Australia CEO Danielle Szetho said the report’s findings showed how the Australian fintech industry – in areas such as invoice financing, balance sheet lending, peer-to-peer lending and crowdfunding – was servicing the nation’s strong economy and the needs of growing small and medium-sized businesses.

“The demand for our products and services is strong and our fintech lenders are rising to the challenge. This broad-based reports showcases the cumulative efforts of government and regulatory bodies like the Australian Securities and Investment Commission (ASIC) and Australian Prudential Regulation Authority (APRA) to support the accelerating momentum behind alternative finance in Australia,” Ms Szetho said.

Click cultivating-growth-asia-pacific-alternative-finance-report-2017 to view the full report

 

Selling your Development Site? 5 Things you should consider…..

 

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September 2017 

Written by David Lovato

More and more developers these days are asking themselves should I sell one (or more) of my sites and consolidate operations? Why would a developer sell their lively hood? Are they in trouble? Are they too stretched? What’s happening to their business?

There are many reasons why a developer may consider selling a site (raw or approved) but they have usually decided to curb expansion plans or had unforeseen delays on existing sites or need to free up capital to complete other projects. If the developer goes about it the wrong way it can greatly tarnish their brand and market perception.

Here are 5 things to consider before listing your development site with an agent:

1. Is there any demand for my site?

If your site is located in an area of future oversupply be prepared to not find a buyer. Banks and private lenders are ruling out funding certain suburbs of Sydney. Limited ability for an incoming developer to obtain finance means your pool of buyers is extremely limited.

2. What’s my pricing strategy? Can I still make money on the site?

If you have purchased a site within the last few years and got a DA approval then you know exactly how much the site owes you.  Site values peaked in 2015 so many sites bought at the peak may not re sell for the same value. You should trying put aside your emotions, agents will always pump up the sale price but talk to valuers and development managers. They know how much a site is worth, you should be ready to accept a fair price. Don’t get greedy or your strategy may backfire.

3. Do I really want to advertise this sale with a major agency?

Signing an agency agreement with one of the big agents is like pulling your pants down. You are exposing your business to speculation that things are not going as planned and you will pay for the privilege. You will be assured of a vast database of buyers (none qualified) and you will run an expensive print and media campaign. A scattergun approach that exposes your business in this delicate situation is not the answer. A targeted and swift off market campaign is a better strategy to keep you divestment plans private, find qualified buyers and free up your capital ASAP.

4. My site is DA approved, it must be worth more?

In todays market more often than not developers are looking for raw sites, the market has peaked and smart developers are looking at sites for the next cycle. Expert developers will have their own brand and strategy and your DA adds no value to the transaction. The time and effort spent on getting the approval has no doubt been considerable but putting emotions aside and seeing it through the buyers eyes will help manage expectations.

5. Understand your buyers financial position

Once your site is for sale you will receive a wide range of offers. Some will be high and others extremely low and opportunistic. You should take a vested interest in reviewing the companies behind all of your offers, you must understand your bidders. It is likely a high bid is from an operator who is willing to pay more to ride out the cycle, the risk is their financial capacity to settle. Most land banking developers will not need finance and they will not pay over the odds – they are probably your underbidders.

 

Written by David Lovato from Crowd Property Capital, CPC is a peer 2 peer platform providing capital funding channels for Australian property development. For more information visit www.crowdpropertycapital.com.au