Client Profile
Location: Fairlight, Sydney
- Buyer Type: Developer
- Goal: Purchase an off-market site suitable for duplex or knockdown/rebuild development, with delayed settlement
Situation
Our developer client was seeking a flat block in Fairlight that met the following criteria:
- North-to-rear orientation with ample sunlight
- Located on a family-friendly street within walking distance of schools and major shops
- No easements and the ability to build under the CDC process for efficient project approval
Challenges
Finding a suitable site in Fairlight presented specific challenges:
- Tightly Held Area
- Time Constraints
- Competitive Price Point
Our Approach
To meet the client’s needs, we focused on off-market access, detailed due diligence, and a strategic negotiation approach.
- Exclusive Off-Market Search and Agent Relationships
- Thorough Due Diligence and Site Analysis
- Strategic Negotiation to Secure Below Valuation
Outcome: Securing a Prime Development Site Off-Market with Delayed Settlement
Within a one-week timeframe, we successfully secured a 433 sqm north-to-rear block on a top street in Fairlight. This off-market purchase, achieved below valuation, provides the client with an ideal site for duplex development under the CDC process and a delayed settlement that aligns with his project timeline.
