ESTIMATED COMPLETION DATE – DECEMBER 2017

JUNE 2017

OVERVIEW:

  • Site cleared & wrapped
  • Earthworks and Civils are completed
  • All services have been connected
  • Stage 1 BA approved
  • Slabs and footings preparation completed

JULY 2017

OVERVIEW:

  • All plumbing and sewage ready for slab
  • Slabs poured by 15th of July
  • Site preparation for slab completed
  • Waffle Pods on site ready for foundation
  • Formwork to commence by 27th July

AUGUST 2017

OVERVIEW:

  • Units 1 – 8 ground floor framework completed
  • Level 1 framework to be completed by end of August
  • All alfresco areas concrete poured
  • Exterior Walls on Unit 5 and Unit 6 are erected with anticipation of all party walls to be completed for Unit 1 -8 by end of August
  • Kitchens and bathroom vanities currently being constructed off site in preparation for installation in September 2017
  • Roofing trusses to be installed by end of August 2017
  • Sales & Marketing plan commences 27th of August 2017
  • Expected completion date: December 2017

SEPTEMBER 2017

OVERVIEW:

  • Frame Work Complete
  • Trusses due for arrival with Roof being installed later this month
  • Electrician Due
  • Plastering to be completed this month
  • Completion Date:  December 2017
  • Expected completion date: December 2017

OCTOBER 2017

OVERVIEW

  • Roof complete
  • Windows installed
  • Insulation installed
  • Internal gyprock commenced
  • Outside cladding commenced
  • Electricals completed
  • Baths installed
  • Bathroom and laundry installation to commence in 2 weeks

Sales Activity:

  • 2 Expression of Interest have been received on Units 3 and 8
  • Official marketing campaign to commence November

NOVEMBER 2017

OVERVIEW :

  • Scaffolding due to be removed within 10 days
  • Outside cladding complete
  • External walls are in the process of being rendered
  • Some external painting has been completed
  • Internal gyprock complete
  • Power boxes installed
  • Waterproofing has commenced
  • Tiling to commence within 10 days
  • Insulation complete
  • Installation of doors, skirting and architraves commenced
  • Internals now prepped for painting
  • Electrical downlight cabling installed
  • Internal stairs due for installation

Total Units: 8

Sales Activity

  • Unit 3 – Reserved with EOI
  • Unit 8 – Reserved with EOI

DECEMBER 2017

OVERVIEW :

  • Painters are spray painting internal: Building 1
  • Plastering and gyprock complete
  • Garage doors on by end of December
  • Scaffolding removed from building 1
  • Scaffolding for building 2 due to be removed end of December
  • External painting on buildings 1 & 2 Complete
  • All fitouts now complete
  • Tilers are finalising wet areas for all units
  • Bathrooms due for completion after Christmas
  • Kitchens have been installed in Units 1,2,3 & 4

Sales Activity

Expression of Interest (EOI):

  • Unit 3
  • Unit 8

Under Contract

  • Unit 6

JANUARY 2018

OVERVIEW :

  • Driveway has been poured
  • Commenced Plan Ceiling with Town planners
  • Internal fixtures and fittings to be completed in Month of February and these include:
    • Carpet
    • Tiles
    • Kitchens
    • Bathrooms
  • All External Paint work is completed
  • Landscaping to commence in month of February
  • NBN and Tele commutation diagram submitted to the NBN for certification
  • Project Construction Completion Date: March 15th 2018
  • Current Sales are above estimated sale price during acquisition
  • Project is on Budget

Sales Activity

Unconditional Contracts

  • Unit 6 – $632,000
  • Unit 7 – $628,000
  • Unit 1 – $525,000

Expression of Interest

  • Unit 3 – $528,000
  • Unit 8 – $620,000

FEBRUARY 2018

OVERVIEW :

  • Driveway is now 50% complete
  • Plan Ceiling now with Town planners
  • Internal fixtures and fittings completed
  • Kitchens are 90% installed
  • All External Tiling & Paint work is completed
  • Landscaping to commence end of February
  • Project Construction Completion Date: March 15th 2018
  • Current Sales are above estimated sale price during acquisition
  • Project is on Budget

SALES STATUS

Strong interest from Marketing Activity with Open Homes now being held most weekends

Sales Status

Under Contract

  • Unit 6 – $632,000
  • Unit 7 – $628,000
  • Unit 1 – $525,000

Expression of Interest

  • Unit 3 – $528,000
  • Unit 8 – $620,000
  • All External Paint work is completed
  • Landscaping to commence in month of February
  • NBN and Tele commutation diagram submitted to the NBN for certification
  • Project Construction Completion Date: March 15 th 2018

MARCH 2018

OVERVIEW :

  • Project almost complete
  • Awaiting Plan Ceiling from Town Planners
  • Driveway finished
  • All exterior painting has been finalised and completed
  • All Landscaping complete
  • All Fencing complete
  • Kitchens, bathrooms, ensuites now complete
  • Carpeting complete

SALES ACTIVITY

  • Under Contract: Units 4,5,6,& 7
  • Expression of Interest: Units 1 & 3
  • Units available: 2 & 8

Marketing

  • Online Marketing with Domain Real Estate
  • Open homes are still being held with Vested Property Group

Weather Report:

Several days lost due to storms and heavy rainfall in and around Brisbane

Expected Completion Date:

  • April 2018

Expected Titles Issue Date:

  • April 2018

APRIL 2018

OVERVIEW

  • The project almost complete for titles issue
  • Several days lost to inclement weather
  • Staircases and railings to be oiled/stained
  • Final builders clean to be arranged

Sales Activity:

  • Under Contract: Units 1
  • Sold: Units 5,6,7
  • Expression of Interest: Units 3 & 8
  • Available: Unit 2 & 4

Marketing

  • Online Marketing with Domain Real Estate
  • Open homes are still being held with Vested Property Group

Weather Report:

  • Low turnout on some open homes due to storms

Expected Completion Date:

  • May 2018

Expected Titles Issue Date:

  • May 2018

MAY 2018