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Moorebank is a Unit Development comprising 40 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 Moorebank was for 9 months with a second 3 month extension and purchased based on the probability of building 32 units. The total site area is approximately 2000 square meters and currently zoned R4 high density. We anticipate an increase from the current number of units to at least 40 units due to various contributing factors.

The offer made was $1,200,000.00 for each of the 3 sites and a fee of 1% ($12,000.00) for 9 months with a 1% ($12,000.00) for 3 months extension fee.

After initial concept drawings were undertaken it was found that we could achieve the increaseto 40 and the site on sold for $4,000,000.00 dollars, giving us a return of $400,000.00 plus our original option fee back 655% return on investment

How do option’s provide such great returns?

An option means we get control of the underlying asset for anywhere between 1% and 10% of the offered value, we then aim to increase that value with time and or additional use for the site.

 

Moorebank

$36,000.00

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Total price
$36,000.00
Development type
Completed Option,
Location
Moorebank
Total Bit's in the Project
720
Total Bit's Sold
720
Total Bit's Remaining
0