Posted by JennyChin on Aug 10, 2015 in Uncategorized | 0 comments
A Remarkable piece of real estate on Collins Street Address Last remaining major piece of real estate capable of significant development potential on Collins Street, with Collins Street Frontage 60.33 metres, depth of 40.25 metres. Gross Floor Area: 150,000 sqm Net Saleable Area: 85,000 sqm(Apartment) Net Saleable Area: 2460 sqm (Retail) Total 1150 units, 580 car parks. Sales Rate: $12,500/m2 for Apartments $30,000/m2 for Retail. $95,000 per Car space. Total Revenue: $1,1,400,000 After GST(10%): $1,083,000 Land Acquisition: $120,000,000 Stamp Duty: $6,600,000 Demolition: $3,500,000 Construction: $7,500,000 Total Consultant/Professional fees: $13,960,000 Open Space Contribution: $3,200,000 Services Headworks & Connections:$2500 per unit= $2,875,000 Title lodgement fee: $115,000 Building Permit Levy: $633,600 Permit Application Fee: $20,000 Plan of Subdivision Authority Fees: $100,000 Legal Costs: $863,000 Sales & Marketing: 4% of total sales = $43,323,640 Display Suite: $1,500,000 Council Rates, Water Sewer and Electricity: $125,000 per year * 4 years = $500,000 Land Tax: $400,000 per year * 4 years = $1,600,000 Public Liability Insurance: $15,000 per year * 4 years = $60,000 Total cost before interest and finance cost: $6,350,240 Gross development Margin: Excluding Finance Costs: $345,559,760 ...
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