I don't think the 20% is enough for the trouble being locked in.
Build to manufacture equity. Use those numbers to justify your returns. I always see capital gains as a 'bonus'.
@Shahin_Afarin did this development go ahead?
it doesnt look like much was left untouched with that paint!
Don't get caught up with where to or where not to put your money. if your feasibility stacks up... well... then it stacks up!
A granny flat is a cash flow play NOT an equity creation play. In Western Sydney, building a GF may give you a $1 return for your $1 invested....
earmarked for 8 storeys last time i checked - but dont think planning will come into affect any time soon. It will be a shame if these two sites...
Sounds like there is good money to be made. Any reason why you wouldn't be putting the townhouses to market and possibly achieving a greater price?
development look great! Congratulations!
are you batman?
Definitely negotiate together to try maximize your price
Have a look at your boundary lines while you're at it too. If it just so happens that your boundary is 100mm onto their side of the fence, build...
It is within a 10% variance so they wont immediately disregard your proposal BUT best to give them a call and speak to a planner.
interested to see how this one is finishing up!
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