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Leppington is a Unit Development comprising 850 to 1000 units located in Sydney’s South West corridor.

What is an option on land?

In simple terms, a landowner will grant a property developer an option for a fixed term of months/years to purchase their land. The sale price is agreed at the time of option signing.

The option on Land for Leppington is for 36 months and will be sold at a percentage which we could achieve in selling to the open market. The total site area is approximately 64,000 square meters and currently zoned R3 medium density. We anticipate an increase to the current zoning due to various contributing factors.

How do option’s provide such great returns?

An option means we get control of the underlying asset for anywhere between 2% and 10% of the offered value, we then aim to increase that value with time and or additional use for the site.

In the following example we fix the price for the land at $38,000,000.00

We based it on the following numbers: 800 units gives us a base of $47,500.00 per site.We can then add additional value through time and increased use/sites for the development and change the final price.

Time increase at 5% and an additional 200 units would change to the following
$47,500.00 x 5% = $49,875.00 x 1000 units $49,875,000.00.

Subtract our original offer $38,000,000.00 and our return is $11,875,000.00 minus costs.

Returning us our initial investment along with a return of 312.5% all the way through secured by real estate assets.

 


 

Introducing agent
Wael Elmir
All Property People
1/38 Oxford Road Ingleburn NSW 2565

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

Leppington

$3,800,000.00

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Total price
$3,800,000.00
Development type
Land,
Location
Leppington
Total Bit's in the Project
38,000
Total Bit's Sold
34
Total Bit's Remaining
37,966