Gem Road Kenmore

Gem Road Kenmore

31 Gem Road, Kenmore, Brisbane, Queensland

Another profitable project from the Reid property group.

PROJECT TYPE

Residential Subdivision

Completed designs for subdivision

Project Status

SOLD

Investor Participation

Nil Investors

Residence of Reid family
Approximately 20% Profit
Within 2 Months of Settlement

1 HA Residential Property. Purchased by the Managing Director as his family residence. 
 
In a Joint venture with our own associated entity, plans were developed for the subdivision of a major portion of the site into residential lots. The property was sold in its entirety, with a significant profit to both parties.

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11 + 3 =

Birdwood Terrace Holland Park

Birdwood Terrace Holland Park

Birdwood Terrace, Holland Park, Brisbane, Queensland

Another profitable project from the Reid property group.

PROJECT SUMMARY

Private Hospital Site

Completed re-design
Secured management team
Completed civil works

Project Status

SOLD

INVESTOR PARTICIPATION

Formed a joint venture with a civils contractor/developer

Sold this project to the joint venture party
Extremely profitable project for the purchaser

Approximately 30% Project Profit to our group.

Substantial vacant site in Holland Park, Brisbane. The property was purchased with a Development Approval for a 90 bed private hospital.
 
Our group purchased the site and developed the concept to a more advanced stage, including appointment of a manager for the hospital. A joint venture partner (civils contractor/co-developer) was introduced to the project to complete the civil works, and our interest in the site was subsequently sold to the joint venture party.

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9 + 10 =

Maroochydore Penthouse

Maroochydore Penthouse

Penthouse, Monterey Building, Duporth Avenue, Maroochydore

PROJECT TYPE

Tourism Investment Project

Project Status

SOLD

Project Period

2008 to 2011

North Facing Penthouse In Monterey Building, Duporth Avenue Three Bedrooms, Theatre Room, Large Rooftop Terrace, Double secure undercover car park. The property was purchased in 2008, and was subsequently improved with minor refurbishments and was fully furnished for the holiday accommodation market. Features include:

  • Three Bedrooms
  • Ensuite with Spa
  • Large Theatre Room
  • Enormous Rooftop Deck
  • Double secure car spaces
  • Pool
  • Quality screens throughout

Interest in the property was sold in 2010.

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1 + 5 =

The Polo Club

The Polo Club

Lot 151, 5 Geebung Road, Dinner Plain, Victoria, Australia

PROJECT TYPE

Freehold Chalet – Possible Subdivision or Extension

Project Status

SOLD

Project Period

2008 to 2012

“The Polo Club” on Geebung Rd is built on one of Dinner Plain’s larger blocks in a quiet location with views across the valley, only 10 minutes from Mt Hotham. The chalet has 3 large bedrooms upstairs each with a queen bed, double bunks, and solid timber furniture throughout. Two of the upstairs bedrooms have their own TV. The master bedroom on the ground floor has a queen bed and quality timber furniture plus a wall-mounted LCD TV.
 
The chalet boast a large open living area, stone open fire place in a cosy sunken lounge, 42″ LCD TV, stereo, plus central heating, 2 bathrooms, 3 toilets, 6 car spaces, and a large north facing deck with BBQ. Fully furnished including, dishwasher, built in coffee machine, fridge/freezer, washing machine, dryer, linen & kitchenware. A large downstairs game room includes a multi-function table (table tennis, air hockey, snooker) fully carpeted and heated. DINNER PLAIN or “DP” is an architecturally designed village nestled among snow gums and surrounded by the Alpine National Park, located above the snowline at 1520 metres.
 
The Village can be accessed by air, with an airport 10 mins away, the closest to any major snow resort in the Southern Hemisphere! In summer enjoy hiking, biking, fishing, horse-riding, relaxing or a romantic weekend away. In the winter months, enjoy downhill and cross country skiing, snowshoeing and tobogganing in Dinner Plain, or Mount Hotham is only a 10 min. bus ride away with some of the best skiing and snowboarding in Australia. Dinner Plain also has it’s own Onsen Spa Retreat, gym and pool, hotel, restaurants, bars, tennis courts, playground, school and supermarket. Property sold in 2012.

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4 + 14 =

Arran Avenue

Arran Avenue

28 Arran Avenue, Hamilton, Brisbane, Queensland

Another profitable project from the Reid property group.

PROJECT TYPE

Residential Subdivision/Demolition

Project Status

SOLD

Project Period

2007 to 2011

The site with an existing dwelling was purchased in 2007. Demolition approval was obtained for the dwelling in the same year.

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15 + 14 =