ATTENTION DEVELOPERS & INVESTORS OR FUTURE DEVELOPERS This is a unique opportunity to get involved in a small subdivision project of a reconfiguration of 2 lots into 34 lots. These 2 lots to reconfigure are 296-300 Loganview Road North, FOR SALE presently, and 302-306 Loganview Road North, under contract & unconditional. The project on the 2 lots is about a joint subdivision into 34 lots, where all the owners will share the cost of subdivision and will share equal amount of gross profit, both properties being of 9,923m2 each (total of the 2 lots together, 19,846m2). We have already received a favourable response from the Logan Council at a pre-lodgement meeting (report available on request). Unfortunately the previous buyers of the block presently for sale, 296-300 Loganview Road North (9,923m2), could not get finance for the purchase of this block, hence the reason we are trying to find a partner for this project in purchasing 296-300 Loganview Road North at $1,700,000. The partners next door are ready to start the Development Application (DA) immediately as soon as we get a partner to purchase the neighbour's block (296-300 Loganview Road North). The present partners are very nice gentlemen, and of course you will be meeting with them at any time if you are interested in this project. Here are the basic figures of this project combining 296-300 & 302-306 Loganview Road North, Logan Reserve FOR A TOTAL LAND SIZE OF 19,846m2, the two properties together, side by side. Address: 296-300 & 302-306 Loganview Road North, Logan Reserve, QLD Total lots to obtain: 34 lots (see drawings) Selling price of these lots (based on present sales around): $310,000+GST Cost of construction of these blocks: max $100,000+GST (conservative figure, as both lands are flat, so no retaining walls will be required), and NO FLOODING, this is considered PRIME LANDS. Turnover: 34 x $310,000 = $10,540,000 Cost of construction for subdivided blocks: 34 x $100,000 = $3,400,000 Commissions to agency (2.62%+GST average): $276,148 Gross profit: $6,863,852 Your share 50% of gross profit, $3,431,926 Less $1,700,000 (land cost) = $1,731,926 YOUR PROFIT BEFORE TAX Subdivision, when you have the proper partners, is a very profitable business and we will be happy to guide you step by step. Please call Ash or Reg for more informations.