Description
Prepared a detailed pre-feasibility and development options assessment for redevelopment of a 2,400m² infill site containing 12 ageing units at 41 Progress Drive.
The work tested mixed-use redevelopment scenarios up to six storeys, assessed planning pathways, infrastructure servicing, demolition risk, asbestos allowances and market viability, establishing residual land value and guiding owner decisions on redevelopment versus retention.
Details
Project
41 PROGRESS DRIVE
Project Date
2020 – 2021
Client
Owners Consortium
Sector
Residential / Mixed-Use Development
Location
Nightcliff
KEY OUTCOMES
- Identified development potential for up to 52 dwellings plus commercial / retail floor space
- Established planning pathway including specific use rezoning strategy
- Completed five financial scenarios with residual land value testing
- Confirmed servicing opportunities linked to adjacent John Stokes Square upgrades
- Provided clear commercial advice on redevelopment timing and market sensitivity
OUR ROLE
- Development advisory
- Pre-feasibility assessment
- Planning due diligence
- Market analysis
- Feasibility modelling
- Development strategy