• 10 Apartments
  • 8 2 Bedrooms
  • 2 1 Bedroom
  • 2 Levels

Zegna's unique approach and start to finish project management ensured the equity apartments development was successful for both joint venture partners.

Belcastro Way, Madeley

  • Land & Construction Cost $2.8M
  • Completion Value $4M
  • On-Paper Profit $1.2M

With the combined rental income, the developer is now cashflow positive and is generating long-term wealth.

Project Results

Zegna Development
  • Joint Venture partner provided capital to purchase land.
  • Obtained development approval for 10 multi apartments.
  • Arranged construction finance.
  • Completed designs & construction of all apartments.
  • Successfully strata titled all apartments and obtained occupancy certificate.
  • Assisted in selling of 1 unit to achieve a realised sales value.
  • Assisted in renting the remaining apartments.
  • Arranged refinancing to an investment loan.
  • Negotiated the return of initial capital upon refinancing.
After Completion
  • Apartments fully leased
  • Rental Income $155,840 p.a.
  • Less Interest $103,320 p.a.
  • Less Fees & Expenses $38,000 p.a.
  • Profit $14,520 p.a.
    PLUS depreciation & tax benefits for the developer over the next 5 years.