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Austral is a Residential Unit Development comprising 297 units located in Sydney’s South West corridor. The development is to take place over 3 years and in 3 stages.

The total site area is approximately 28,000 square meters and currently zoned R3 medium density. We anticipate an increase to the current zoning due to various contributing factors.

Year 1 involves the DA and CC process builder tenders and selection.
Year 2 will commence Stage 1 unit development.
Year 3 will commence Stages 2 and 3 unit development.

Initial funding capital will be used to complete the purchase of raw land, carry out the DA and CC documentation submission then build the first stage of 100 units. At the completion of this stage all units will be sold and initial investor capital returned to their accounts with the subsequent development being carried out from the profits of the sales of stage 1.

The first stage is anticipated to take 24 months to completion with the following stages to be approximately 12 to 18 months each and carried out simultaneously where possible as above.

Profits will be passed back to members as sales are realised from later stages.

Any investment in this property is 100% guaranteed and fully refundable at any stage.

Land Purchase price $15,000,000.00
Stamp duty $990,490.00
Development costs $15,000,000.00
first 50 Units

Remaining units will be developed from sales revenue.

Please CLICK ON the links below for additional development documents

170510 280 FIFTH AVENUE AUSTRAL

170510 A0 62 KELLY STRET AUSTRAL v2016 copy

170522 PRELIM REV BASEMENT PLAN 62 KELLY STRET AUSTRAL v2016 copy

170830 PRELIM DA PLANS for traffic A0 62 KELLY STRET AUSTRAL v2016 copy

170831 280 FIFTH AVENUE AUSTRAL

Unit details 62 KELLY

Unit details 280 FIFTH

 


 

Introducing agent
Jeremiah Wallace
Mark Wallace Industrial Property Consultant
www.markwallace.com.au

Legal Representation for VRE Dev
Merlyn Taouk
Gavel and Page Lawyers
7a/11 Mashman Avenue Kingsgrove NSW 2208

Austral

$31,000,000.00

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Total price
$31,000,000.00
Development type
Lot Subdivision,
Location
Austral
Total Bit's in the Project
309,905
Total Bit's Sold
58,884
Total Bit's Remaining
251,021