Our Real Deal presenter is Mohammad Araghian and this deal was a 9 lot Subdivision in Richlands, Brisbane City Council.
The 3,339 square meter site was Zoned LMR3, and was originally controlled under an Option Agreement for 8 months prior to Mohammad pushing the button on his settlement and proceeding with his next steps.
As a 9 lot Subdivision you can expect this wasn't an easy 'cookie cutter' 1 into 2, it takes careful planning and thought at every stage throughout the process from start (planning) through to the finish (execution), so needed to be thought through in great detail at EVERY step of the way.
Sometimes the simplest of tasks can turn out to be a HUGE headache! From issues with stormwater discharge and the lack of space for rubbish truck turn-around leading to a COMPLETE revision of the lot layout; to early removal of trees not specifically mentioned on the option agreement causing some fairly significant issues (and Mohammad therefore needing to settle sooner rather than later); his Civil Contractor causing delay after delay...and the list goes ON!
But, with Mohammad's diverse background of deals, he put his wealth of experience over the years into action and quickly created savvy solutions for each and every problem that cropped throughout.
Join Mohammad as he walks you through:
- How he resolved a stormwater headache,
- How he managed to maximise the building footprint for each lot, and
- How changes in the local market impacted his final profit
I don't know about you, but I think you're going to LOVE this one! It's a must-watch for anyone who wants to scale up in the not-too-distant future. The growth that Mohammad goes through will stroke your entrepreneurial soul and will leave you wanting more!