Purchased Mar 2023 – Currently in Progress

23 Pupuke Rd, Birkenhead, Auckland

Purchase Price

Purchase Price

$ 2.105m

Est. Sales Price per unit

Est. Sales Price

$ 7.8m – 10.3m

ROI on Sale

ROI on Sale


About this opportunity

This Auckland Northshore affluent area, we plan to develop 6 x 2 Triplex units, in a sought after area. We will target professional, family people.

With 3 storys, the units average 215m2 per unit.
• All units have ocean views.
• Slight different development strategy approach to other developments.

The goal is to save interest during the more uncertainty period from lenders. Cash build on services, foundation and truss. Ultimate goal is to reduce the odd of accumulating holding cost from unforeseen delays.

• Ie Reduce the lending from 18 months to less than 12 months
• Build cost cheaper compare to our St Johns, from $2900/m2 to $2680/m


  • July 2023             – House demolishment, excavation, public drainage
  • September 2023 – Consents and foundation
  • February 2024    – Second tier, framing, construction
  • August 2023        – Practical completion
  • January 2025      – Money back

We estimate the project to be completed within 18 months. (With a planned contingency of up to 24 months)

Investment Opportunity:

RETURNS 12,5% (Neg – Contact Us)
TERM 15 – 18 Months

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Purchase Price $2,105,000
Construction Cost $3,450,000 (@$4,489 p/sm)
Consultation, Counsil, Holding, GST, Interest Cost $950,000
Contingency $400,000
Initial costs total $7,050,000
Sales & Marketing (@6000 $/sqm) Worst $1,300,000 (per/Unit) = $7.8M
Sales & Marketing (@7000 $/sqm) Likely $1,500,000 (per/Unit) = $9.1M
Sales & Marketing (@8000 $/sqm) Best $1,700,000 (per/Unit) = $10.3M

ROI on Sale (18 months deal): 78.01% (Likely)

Target Sale Price (6 Units @ $1,500,000) $9,100,000 (Likely)
Estimated Profit $2,000,000

Annualised ROI = 51.96%

Charl van Wyk

Substantial personal portfolio with over 18 success projects delivered across the last 5 years. High focus on specialist education

Contact Us

We have joint ventured with a highly trusted partner, to be able to make this deal work. We have done multiple deals together. For more information on this, please reach out to us.