Property Development Melbourne Update – March 2010
We are getting closer to the build phase for the project. Finally!!!
Below is the current strategy we are undertaking to get the best return on the development.
Endorsement of Plans:
With regards to endorsement of plans, we need to engage further consultants so that council has all the information they have requested in order to endorse the plans.
We are planning to market the product to get finance and have already approached financiers who have advised that the marketing can potentially be done in stages.
Further Amendments of Plans:
Once we get endorsement of the above, we will lodge for minor amendments which will greatly enhance the amenity of the development and has been strongly advised by the architects, this should not take too long.
Marketing/Finance:
We have all the marketing plans and a preliminary plan of subdivision but we cant take any chances and start marketing with the prelim subndivision in the contracts in case it changes due to council’s feedback regarding the endorsement of plans, otherwise the contracts would become void. So once we have endorsed plans we will finalise the plan of subdivision and begin heavy marketing in order to obtain construction finance.
A further note is that we will be providing information over the most relevant and current digital platforms – these hubs for information will focus on sites that you already know and trust and will ensure ease of functionality. Our first step towards supporting this strategy is to establish a facebook community to provide the most up to date and real time information in an enviornment in which our members regularly interect, being Facebook. Please be one of the first to join us via the below link.
Property Development Melbourne
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