Page 10 - THE GROVE, Malvern_Investment Pack_20180709

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 Luxury Amenities include:
House 1: 347m2 Internal sizing
- 4 bedroom
- 6 Bathrooms
- Kitchen with butlers pantry
- 2 cars
- 2 lounge & theater
- wine cellar
- storage unit
- large rear courtyard
- balcony
House 2: 370m2 Internal sizing
- 4 bedroom
Project Description
- 6 Bathrooms
- Kitchen with butlers pantry
- 2 cars
- 2 lounge & theater
- Home gym
- wine cellar
- storage unit
- large rear & front courtyard
- balcony
Common Area
- Basement garage
- Turn table
- Bine storage
- Plant room
High end European appliances
High end European door hardware
Luxury tapware
Timber floor boards
Stone flooring to all bathrooms
Project Design Features Stone/marble joinery
2pac & veneer joinery
Façade window treatment specification
Landscape gardens by John Patrick
Interiors by KJBD

Stages 1
Development Duration 14 months

Planning Currently Submitted - Under Advertising

Total Capital Required $5,866,338.87

Revenue $7,750,000.00

Forecast Profit $1,883,661.13

Return on Costs 32.11%

THE GROVE MALVERN INVESTMENT PACK