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  1. S

    First Development - 8 Units in St Kilda East

    Thanks Oscar for your valuable help on getting this one over the line with council.
  2. S

    First Development - 8 Units in St Kilda East

    That's great. Bit of an update, we put our site on the market with planning permission for 8 units and sold within a week. Settlement in a few weeks. Looing for the next site now.
  3. S

    First Development - 8 Units in St Kilda East

    Sure here you go. Visually i think it looks good as you cannot see there are 9 car spaces behind the 2 apartments.
  4. S

    First Development - 8 Units in St Kilda East

    Some good news. Council have given us notice that they approve the development. Just have to wait the 21 days now to ensure no objections at VCAT. Looking good so far.
  5. S

    First Development - 8 Units in St Kilda East

    Advertising Period commenced last Friday. Fingers crossed there are not many objections.
  6. S

    First Development - 8 Units in St Kilda East

    At the max building area due to setbacks and parking is an issue unless i use stackers or apply for a parking dispensation. I'm happy with an approx 35% return.
  7. S

    First Development - 8 Units in St Kilda East

    About 2 or 3. Have done the numbers and the difference in the bottom line does not make it worthwhile.
  8. S

    First Development - 8 Units in St Kilda East

    At this stage plan is to sell all. Yes this is south of Carlisle St, closer to Ripponlea, Glen Eira Rd. Recent changes to the Glen Eira Planning Scheme mean that future Multi Unit Developments along Hotham Street will be limited because of increased rear setbacks. Lucky we had our plans...
  9. S

    First Development - 8 Units in St Kilda East

    Aaron has hit the nail on the head here. It's a fine balance between number of units and size. We are at our limit from a number of units perspective due to parking requirements. We could always look at using car stackers but to tell you the truth i want to keep the build time, cost to a minimum.
  10. S

    First Development - 8 Units in St Kilda East

    Hi Everyone I'm interested in people's thoughts on the draft concept plans(attached) for a 8 unit development I'm doing in St Kilda East. Plans have been amended to meet councils initial concerns however they still need a bit of work to add the internals and rearrange the bedrooms to maximize...
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