Everton Park Subdivision

Strategy: 2 into 4 Subdivision
Timeframe: 16 months (September 2021 – January 2023)
Acquisition: Purchased off-market through an agent under a standard contract and delayed settlement

This 2 into 4 lot subdivision was acquired off-market in collaboration with Connections Property Projects through one of their agent contacts. We settled in January 2022 with demolition of the two existing houses occurring in August 2022 after allowing the tenants to stay a couple of months longer than anticipated. The new lots of vacant land should be titled and sold by December 2022 which will make final settlements in January 2023.