Cowles Road

Metrics

Acquisition:Confidential

Forecast Investor IRR:21%

Investment Type

Investment Type:Development

Location:Mosman, NSW

Sector:Residential Apartments

Investment Summary

  • Acquisition of two adjoining properties located at 87 and 87a Cowles Road, Mosman from multiple vendors. The business plan is to demolish the existing buildings and develop approximately 15 residential dwellings.
  • Burtonwood are co-invested with our development partner, WINIM, who are responsible for delivery of the project and have a strong track record in the lower north shore market.
  • The project recently exchanged in May 2022, with land settlement deferred to late 2023, which is expected to provide sufficient time to secure the requisite planning approvals and pre-sales to immediately commence construction upon land settlement.
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