The PropertiesThe client owned a large block in Nollamara with an old house located in the centre of the lot.
The zoning showed the land would allow for a triplex development with 2 new townhouses to be constructed on the site (Front and rear) with the existing home to be retained and renovated in the middle.
The ChallengeThe client had purchased the land 2 years prior when land values were higher meaning he was facing a major struggle to make the development work from a financial point of view.
The SolutionThe goal was to push forward with developing the site but needed a builder who would work closely with him on design to ensure construction costs would be kept as low as possible.
Orbic’s ‘turn-key’ fixed price building contract meant no hidden surprises for the client on construction costs for the new townhouses and renovation.
The OutcomeThe client was able to develop the site and receive a reasonable profit on the overall project.