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.
For expert advice:
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
- Development Funding – What are the real property development costs involved?
- Navigate today’s commercial property market trends and overcome the pre-sales hurdle
- Our Domestic Credit Squeeze – The Perfect Storm and Opportunity for the RBA & Property Developers
- How property developers can thrive in a changing economy
- Development Finance Partners recognised as one of Australia’s most innovative and fastest growing companies
Leave a comment