Beachside Development Site - $9.3m

‍The Client:
Nolan is an experienced developer seeking his project. He’s focused on finding a high-growth site that aligns with his long-term development strategy and provides a secure return.

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Why he appointed a buyer’s agent:
Nolan understood the importance of partnering with a team that has a deep network and intricate knowledge of the local market.

In a highly competitive, tightly held area, access is crucial. Nolan engaged us with a clear mandate: provide access to exclusive, off-market sites and substantiate the value of both the raw land and future comparables.

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The Outcome:
Secured an off-market corner block at the southern end of Merewether Beach.

• The site spans 690sqm, offering a relatively level corner block with R2 zoning and a GFA of 0.75:1.
  
• With these parameters, the site is ideally suited for a duplex development, allowing for well-sized allotments and a luxury design.
  
• The property boasts stunning beach, ocean, and district views, enhancing its appeal.

The final product will consist of two freestanding, architecturally designed homes, each featuring:

• 4 bedrooms
  
• 2 car spaces
  
• Pools
  
• 270m² of internal living space

We helped Nolan secure the site for $9.3m, with an estimated profit of $3.6m or 18%.

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