Alice St, Kedron
Description
625m2 of LMR land scheduled to be re-zoned to MR. Agent and seller not aware of re-zoning.
Strategy
Apply for DA to maximise the site under proposed new zoning. On-sell quickly for profit.
Purchase Price
$450,000
Client Type
Experienced developer
Anticipated Outcome / Development Costs
Client got an approval for 9 units and on sold $885,000.
Twists
Re-zoning from LMR to MR.