Citispace Management

Welcome to Citispace - Your Partner in Maximizing Property Value and Investment Returns

Who is Citispace?

How we can help you.

Citispace is a leading real estate project management firm dedicated to helping landowners and Sophisticated Investors unlock the true potential of their properties and investments. With our expertise, experience, and innovative approach, we take on the cost risk of obtaining authority approvals, managing the development process, and enhancing the value of property for owners or Investors. Our unique model ensures that we add value for property owners and Investors and share in the value upgrade upon the successful sale or further development of the property.

Property investments offer a unique combination of stability, growth potential, and tangible asset ownership. With the real estate market continuing to expand globally, investing in real estate presents a compelling opportunity to build wealth and secure long-term financial stability.

Join Us Today!

Discover the power of partnership with Citispace and unlock a world of investment opportunities in real estate. Contact us to schedule a consultation and explore how we can tailor investment strategies to align with your financial goals and preferences. Together, we can create a successful investment journey fueled by innovation, expertise, and superior returns.

What we do for you and why.

For Property Owners

Why let the developer take all the potential upside value out of your property asset, when we will take the risk of adding value through our expertise, and then sharing that with you on an pre-agreed basis.

For Sophisticated Investors*

We invite sophisticated investors like you to join us in lucrative joint ventures that promise superior returns and unmatched growth potential. Our partnership model pairs your investment prowess with our expert project management, creating a synergy that leads to exceptional results.

*link to sophisticated investor test :

https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/incentives-and-concessions/tax-incentives-for-innovation/in-detail/tax-incentives-for-early-stage-investors/the-sophisticated-investor-test

Why?

Property investment offers a unique combination of stability, growth potential, and tangible asset growth. With the real estate market continuing to expand globally, owning and investing in property presents a compelling opportunity to build wealth and secure long-term financial stability.

Authority Approval Management:

We navigate complex regulatory processes, securing all necessary permits, entitlements, and approvals to streamline the pathway forward for your property. Our team of experts handles everything from zoning and environmental impact assessments to community engagement and public hearings.

Project Feasibility Analysis:

We conduct comprehensive feasibility studies to assess the potential value enhancement opportunities for your property asset. Through diligent market research and financial modeling, we provide you with valuable insights to make informed decisions about your property's future.

Development Strategy and Planning:

Leveraging our extensive industry knowledge, we develop tailored strategies and plans to optimize your asset's value. Our team collaborates closely with architects, engineers, contractors, and other professionals to create innovative and sustainable project solutions.

Exceptional Investment Opportunity: Aged Care Development Site in Box Hill NSW

An investment that combines strategic growth potential, an ever-expanding demand for services, and a opprortunity to progess the pathway to success. This opportunity is a premium aged care development site in the thriving suburb of Box Hill, North West Sydney.

The Offer

• Purchase Price: $8,000,000 ($40,000/bed)

• Land Area: 6,500m² of prime, strategically located land

• Development Concept: 200-bed aged care facility, with childcare.

• Purchase Terms: 12 months Call Option

Why Invest in This Site?

1. High Demand Meets Strategic Location

Australia's aging population continues to drive unprecedented demand for aged care services. Box Hill, a burgeoning suburb within the Hills District, is experiencing strong population growth, particularly among families and retirees. This site's proximity to essential amenities, hospitals, and transport networks ensures it is perfectly positioned to cater to both residents and their loved ones.

2. Development Approval – 12 months to obtain

Vendor allows development application for a 200-bed aged care facility based on LEP FSR and SEPP bonus for aged care of 15-20%.

3. Value-Add Opportunities

With land value at approximately $1,230/m² and construction costs offset by a lucrative aged care industry, this development promises compelling ROI. In Box Hill, North West Sydney, the land value per bed for aged care facilities typically ranges from $130,000 to $270,000 per bed. This range reflects the area's rapid development and increasing demand for residential and commercial properties.

Feasibility and Assumptions:

• Gross Floor Area (GFA): 12,000 m².

• Construction Cost: $2,500/m².

• Land Cost: $8,000,000.

• Ancillary Development Costs: 20% of construction costs, or $6,000,000.

• Sale Price per Bed: $300,000.

• Number of Beds: 240 (12,000 ÷ 50 m² per bed).

• Finance Costs: Assuming 6% interest over a 2-year period on a loan covering 80% of the total development cost.

Revised Cost Analysis:

1. Construction Costs:

-GFA: 12,000 m² × $2,500/m² = $30,000,000.

2. Ancillary Development Costs:

-20% of $30,000,000 = $6,000,000.

3. Land Costs:

-$8,000,000.

4. Total Development Cost (Pre-Finance):

-$30,000,000 (construction) + $6,000,000 (ancillary) + $8,000,000 (land) = $44,000,000.

5. Loan Amount:

-80% of $44,000,000 = $35,200,000.

6. Finance Costs:

-Interest Rate: 6%.

-Duration: 2 years.

-Interest: $35,200,000 × 6% × 2 = $4,224,000.

7. Total Development Cost (Including Finance):

-$44,000,000 + $4,224,000 = $48,224,000.

8. Total Sales Revenue:

-240 beds × $300,000 = $72,000,000.

Feasibility:

1. Net Profit:

-Revenue: $72,000,000.

-Total Cost (Including Finance): $48,224,000.

-Profit: $72,000,000 − $48,224,000 = $23,776,000.

2. Profit Margin:

-(Profit ÷ Total Revenue) × 100 = ($23,776,000 ÷ $72,000,000) × 100 = 33.02%.

3. Return on Investment (ROI):

-(Profit ÷ Total Cost) × 100 = ($23,776,000 ÷ $48,224,000) × 100 = 49.3%.

Including finance costs slightly lowers the profitability and ROI, but the project still demonstrates significant potential. If you want to explore different loan structures or financing options to optimize the costs further, let me know!

what is the residual land value based on this

To calculate the Residual Land Value (RLV), we use the formula:

RLV = Total Sales Revenue − Development Costs − Target Developer Profit

Given the details we’ve calculated:

1. Total Sales Revenue: $72,000,000.

2. Total Development Costs (including construction, ancillary, and finance): $48,224,000.

3. Target Developer Profit: Let’s assume a typical target profit margin of 20% of total sales revenue, which would be $72,000,000 × 20% = $14,400,000.

Residual Land Value:

RLV = $72,000,000 − $48,224,000 − $14,400,000 RLV = $9,376,000

Box Hill is part of the Hills District and is experiencing significant growth, with new housing, transport, and amenities being developed. This makes it an attractive location for aged care facilities due to its expanding infrastructure and community services

Name

E-mail

Message

Submit