Page 11 - THE GROVE, Malvern_Investment Pack
P. 11
Executive Summary - THE GROVE
Executive Summary - THE GROVE
Site Address 2-4 Cummins Grove, Malvern
Land Area 690 square metres
Municipality City of Stonnington
Purchase Price $2.505M
Purchase Terms Settlement 10th August 2018
Construction of 2 Luxury townhouses in one (1) stage. The key
design elements include:
- Internal sizing House 1: 347m2 & House 2: 370m2
- 3 Levels
- Basement garage
- Home Cinema, Cellar, Gym
- Private Lifts to 3 levels
- High end European appliances
Project Description - High end European door hardware
- Luxury tapware
- Timber floor boards
- Stone flooring to all bathrooms
- Stone/marble joinery
- Two pac & veneer joinery
- Façade window treatment specification
- Landscape gardens by John Patrick
Stages 1
Development Duration 20 months
Planning Currently Submitted
Total Capital Required $5,162,000.00
Revenue $7,000,000.00
Forecast Profit $1,838,000.00
Return on Costs 36%
THE GROVE MALVERN INVESTMENT PACK
