Site Risk

As a DA approved site the Site risks have been considered in their totality. Geotech, DBYD and Surveys were completed early on in the design phase and there is a high level of confidence in what is required in terms of foundations, water, stormwater and sewer connections. There is also a clear plan as to what retaining is required given the site contours. 

Financial Risk

The property was acquired through a distressed sale at a price that was $500,000 below its selling price from less than six months prior. We believe this significantly mitigates the site's exposure to purchase price and market risks. 

Given the equity and NRV of the project, the financial risk is low.

Budget Risk

A comprehensive feasibility & preliminary QS report has been compiled which includes a realistic project contingency. Due to this project being a combination team of Architect/Builder/Developer, the ability to control costs is extremely high. 

We are currently in the process of gathering trade/product quotes on preliminary plans. We will be acquiring pricing for overseas procurement of tiles, windows, doors, and stone cladding products over the coming weeks. This will further reduce budgetary risks.

Time Risk

Our appointed Site Manager is a registered quantity surveyor with extensive experience in successfully delivering numerous townhouse projects each year. His track record of consistently delivering high-quality projects within tight timeframes positions us favourably to hit milestones and deliver the project on schedule.

Planning Risk

The project is approved with a planning permit so no planning risk currently exist. We are, however,  awaiting the approval of minor internal changes via amendment to the approval which we hope to gain approval for in the next week or so. Should the approval be delayed, we will continue with works as approved.

Construction Risk

Fernando is a licensed builder in NSW and has site experience spanning more than 23 years in the design & construction industries.

Our appointed Site Manager is a registered quantity surveyor, experienced in delivering several townhouse projects per year.

Supervising architects, Arkhaus (headed by Fernando), are specialists in designing, planning, and delivering residential homes, and multi-residential and commercial projects. They have a history of delivering projects to the highest standards of quality. Arkhaus has been involved in Site supervision roles across many projects over the last 17 years of business. 

Market Risk

A thorough market analysis has been conducted to ensure that the end product aligns with market demand, and distinguishes itself from competitors. It is located in a highly desirable part of the Bayside area with John Street being considered one of the best streets in the local area. Several local agents were approached to ensure appropriate market research and advice.

The individual residences have been appraised through 2 local and reputable agents (Range $2.1-2.4mill).