Address: 6-10 Dale Street, Brookvale, NSW 2100

Completion Date: 2013

Type: Medical Centre

Services: Acquisition, Development Management

Description: Bramford received a mandate from Primary Healthcare Ltd to develop a new state of the art medical centre in close proximity to the company’s existing and first ever medical centre within Warringah Mall. Following an extensive property search, we identified the subject as the most suitable site and negotiated a joint venture / project delivery agreement with the long standing family business that had occupied the site for c.50 years. Under the agreement Bramford was responsible for procuring the pre lease to Primary as well as the necessary DA approval which was obtained following multiple legal challenges by Westfield group, the owner of Warringah Mall. Bramford also acted as development manager on behalf of the land owner.

Land Value: c.$4,000,000

Development Costs: c.$7,500,000

Value on Completion: c.$16,000,000

Capital Uplift: 39%