- Project is complete
- Awaiting Plan Ceiling to be completed so that titles can be issued.
- Plan Ceiling requirements which are under review and currently being certified are the following:
- QUU( Queensland Urban Utilities) to provide connection certificate in Month of February
- NBN Connection and Telecommunication network certification terms of the PPO.
- Once Titles are issued the following will take place:
- Settle on Unit 3 for $638,000
- Current sales are above estimated sale price during acquisition
- Project is on budget
- As described in the Alpha One Investment Holdings P/L PPO dated 17th of December 2015 the profit share arrangement is that the Investment Company will retain a 40% profit share.
- Current contract price per unit is above the mentioned prices in the PPO.
- Unit 3 – Under Contract $645,000
Expression of Interest (EOI)
- Unit 5 – $615,000
- Unit 1 – $600,000