Vary this rate to see what you will pay for the site and make 20% margin
| FEASO TEMPLATE |
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| FOR TEACHING PURPOSES ONLY |
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|
Unit |
Quantity |
Rate |
Extension |
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| SITE PURCHASE |
Sites |
74 |
$70,000 |
$5,180,000 |
|
|
Stamp Duty |
|
|
|
$270,000 |
|
|
Legals |
|
|
|
$25,000 |
|
|
Commercial site (incl. SD) |
|
3700 |
$1,000 |
$3,700,000 |
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|
|
|
|
|
$9,175,000 |
| CONSTRUCTION |
no. |
Gross m2 |
|
|
|
|
Home units |
74 |
100 |
$2,300 |
$17,020,000 |
|
|
Parking |
74 |
1 |
$60,000 |
$4,440,000 |
|
|
Commercial space |
|
3330 |
$2,300 |
$7,659,000 |
|
|
Services connections |
1 |
1 |
$150,000 |
$150,000 |
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Footways |
2 |
500 |
$250 |
$125,000 |
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Section 94 |
74 |
17000 |
|
$1,258,000 |
|
|
Other costs |
|
|
|
$0 |
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|
|
|
$30,652,000 |
| FINANCE |
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|
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Site purchase loan |
2 |
$9,175,000 |
8% |
$1,468,000 |
$1,468,000 |
|
Assume 2 year loan |
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|
Construction loan |
0.55 |
$30,652,000 |
8% |
$1,348,688 |
$1,348,688 |
|
Assuming 1 year construction period |
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DEVELOPMENT COST |
|
$42,643,688 |
$42,643,688 |
|
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|
m2 |
|
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| SALES |
Commercial space |
|
2700 |
$5,000 |
$13,500,000 |
|
|
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|
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|
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Residential |
1 bed |
0 |
$0 |
$0 |
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|
2 bed |
74 |
$500,000 |
$37,000,000 |
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|
2 bed view |
0 |
$0 |
$0 |
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3 bed |
0 |
$0 |
$0 |
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3 bed view |
0 |
$0 |
$0 |
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Total |
74 |
|
$50,500,000 |
$50,500,000 |
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Developers margin |
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18.42% |