Project Fern

Project Fern involved the subdivision of a corner block in Fern Bay, NSW, where we successfully built a residential duplex. The property backs onto sand tracks leading to the beach, providing a unique selling point. The client, who has decided to hold the property long-term, even joked about using the garage for dune buggies when renting it out.
With a completion market value of $1.8 million, this project was a significant success, delivering a 42% return on investment. The project was funded with an 80% LVR using retail funding, and the construction timeline was 14 months.
STRATEGIC SUBDIVISION:
1 into 2 subdivision of a corner block.
BEACH ACCESS:
Duplex backs onto sand tracks leading directly to the beach.
LONG-TERM HOLD:
Client has chosen to hold the property for long-term rental income.
HIGH ROI:
Achieved a 42% return on investment.
PROJECT TEAM:
Town planners, Architects, Builders, Civil Engineers, Private Lender
TIMELINE:
15 months