Camelot Court, 30 Albert Street, Brisbane CBD, Brisbane, Queensland
Another profitable project from the Reid property group.
Residential Refurbishment/Unit Block Consolidation
Approximately 115% Project Profit
Purchased the Penthouse, Unit 25 Camelot Court, as part of a property trade. We considered the property to be over-priced, however it resolved the highly profitable sale of another project, and we decided to accept the trade.
We undertook internal demolition of the whole floor apartment (total area approximately 440m2), and completed a refurbishment design for the apartment. Concept designs for the refurbishment of the entire building, and alternate designs for a new building on the site.
Over a period of two years, we instigated and facilitated the successful consolidation for sale, and subsequent settlement, of all 25 units in the complex to Devine Limited.