O’Sullivan Road
Address
4 – 6 O’Sullivan Road
Rose Bay, NSW
Development
4 x 2 bedroom + study
1 x 3 bedroom luxury apartments
Developer
Steven Blake
Loan Amount
$7,430,000 including $3,200,000 to assist with the site purchase
End Value
$11,713,000
The Brief
We were required to assist with the acquisition of the development site and the construction of 5 luxury boutique units overlooking Royal Sydney Golf Course. All apartments feature 2 ensuites and a guest bathroom, gourmet kitchen and large balconies with lift access. Internal living areas are 4 x 190m2 and 1 x 235m2.
The Solution
We were able to secure funding that provided for the entire purchase price of the site and 100% of construction costs. We were even able to increase the loan during the course of construction to cover the cost of variations.
The project was so successful that it set a new benchmark for the area in prices achieved per square metre.
Could your next project benefit from some expert development finance? Get in touch.
Sydney Office
Level 3, 31 Alfred St
Sydney NSW 2000
P / 02 8916 6246
Melbourne Office
Level 30/35 Collins Street,
Melbourne VIC 3000
P/ 03 8692 0082
Brisbane Office
Level 18, 175 Eagle Street
Brisbane QLD 4001
P / 07 3041 4136
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