Office: 2/290 Boundary Street, Spring Hill QLD 4000+61 0403 577 353

Land and Splitter Block Development

Land Subdivision
Partners Required

I'm ready for a call to discuss further
About Us

Experienced in Property & Mortgages since 1995

Rob Kirk has created and managed land, property and mortgage syndicates for more than 25 years. Queensland suburbs for property & land syndicates and Western Australia suburbs for mortgage syndicates.

After due-diligence has been completed on hand picked land, the directors and team make it possible to participate in land subdivisions. Directors equally share in development profits.

Each director has company shares in the SPV and units in a unit trust to the value of their committed funds. Original amount together with development returns are distributed upon final sale of the completed land subdivision.

Rob Kirk MBA | C.dec

Land Subdivisions & Splitter Blocks

Examples of Subdivisions

5 Lots

Vacant Land - 5 Lot Subdivision

Bris, Logan, Ipswich, Sunshine & Gold Coast

$500k to $600krequired

Purchase, subdivide, title and sale

500 trust units available for issue


DA - ? | OP Works - ?

up-to 30 return

9 mths

1.2m contract

3 dir

15 Lots

Vacant Land - 15 Lot Subdivision

Bris, Logan, Ipswich, Sunshine & Gold Coast

$1.2m - $1.3mrequired

Purchase, subdivide, title and sale

1000 trust units available for issue


DA - ? | OP Works - ?

up-to 30 return

9 mths

2m contract

4 dir

105 Lots

Vacant Land - 105 Lot Subdivision

Bris, Logan, Ipswich, Sunshine & Gold Coast

$1.3m - $1.5mrequired

Purchase, subdivide, title and sale

1000 trust units available for issue


DA - Yes | OP Works - ?

30+ return

12 mths

3m contract

4 dir

2 Lots

Residential - dwelling & subdivision

Bris, Logan, Ipswich, Sunshine & Gold Coast

$500k to $600krequired

Purchase, subdivide, title and sale

500 trust units available for issue


DA - ? | OP Works - ?

30+ return

9-12 mths

1.1m contract

3 dir

Vacant Land

Work in Progress

Due-diligence in progress

Residential - dwelling & subdivision

Tewantin Sunshine Coast

$500k to $600kamt req'd

500 trust units available for issue


DA - Yes | OP Works - Yes

20-22 return

9 mths

1.2m contract

3 dir

Due-diligence in progress

Vacant Land - 14 Lot Subdivision

Bundamba Ipswich

$1.4m to $1.6mamt req'd

1000 trust units available for issue


DA - No | OP Works - No

25-30 return

9-12 mths

2m contract

4 dir

Due-diligence in progress

Vacant Land - 24 Lot Subdivision

Park Ridge Logan

$2.4m to $2.6mamt req'd

1000 trust units available for issue


DA - No | OP Works - No

28-30 return

6-9 mths

3.85m contract

4 dir

14 Lots

Vacant Land

Bundamba Ipswich

$1.3mamt req'd

1,300 trust units required before settlement can proceed.


Contact us for information sheet

29.12 return

9 Months

650k min Funds

10k M2

Being prepared

Mortgage Loan

Address withheld

$tbaamt req'd

0 trust units required before settlement can proceed.


Download information memorandum

0.00 return

0 Months

100k min Funds

0 M2

Being prepared

Vacant Land

Address withheld

$tbaamt req'd

0 trust units required before settlement can proceed.


Download information memorandum

0.00 return

0 Months

100k min Funds

0 M2

Being prepared

Mortgage Loan

unavailable

$tbaamt req'd - 1st RM security

0 trust units required before settlement can proceed


Download information memorandum

0.00 return

0 Months

100k min Funds

Faq

Understanding Subdivisions

Splitter Block Subdivisions

What is a Splitter Block?

A “splitter block” is an ideal parcel of land usually with an existing home that is suitable for subdivision or lot reconfiguration. The end result is the creation of two separate lots from a single property. If the block of land is large enough there is the possibility of dividing the single title into two individual titles for the purpose of selling separate parcels of titled land with or without new dwellings.

Security offered

The owner of each splitter block subdivision is a Corporate Trustee of a Unit Trust established specifically per project. You will be a Director and issued Shares and Units to the value of your contribution.

Contribution term

Depending on the contractors, the council, the builder and the selling agents, funds are typically required for 6 - 12 months. Contributions are returned when one or both blocks or dwellings have been sold/settled.

Amount required

Each project is priced based on project returns of at least 25%. A minimum of $500k is required per Director.

Returns you can expect

Each subdivision offers targeted development profit. 25-30% is the expected return directors can expect to receive.

Land Subdivisions

What is Land Subdivision?

“Land subdivision” is the process of dividing a large plot of land into smaller lots. Each new lot has its own title and can be sold. Property owners can sell the lots individually or develop them for building.

Security offered

The owner of each vacant land subdivision is a Corporate Trustee of a Unit Trust established specifically per project. You will be a Director and issued Shares and Units to the value of your contribution.

Contribution term

Depending on the contractors, the council, the developer and the selling agents, funds are typically required for 6 - 12 months. Contributions are returned when all titled lots have been sold/settled.

Amount required

Each project is priced based on project returns of at least 25%. A minimum of $500k is required per Director.

Returns you can expect

Each subdivision offers targeted development profit. 25-30% is the expected return directors can expect to receive.

Using property or land equity to participate in a subdivision

Directors that wish to participate using an equity release

Property and land owners with and without existing mortgages can release their available equity using a line of credit, redraw or offset accounts. If a line of credit, redraw or offset is unavailable, consider a privately funded equity release that can be arranged by any broker.

Choosing to access cash using a bank or non-bank line of credit, redraw or offset

This is the most cost effective and fastest way to access cash and allows you to immediately participate in a land subdivision. And, when the subdivision proceeds have been distributed, it’s a simple matter of returning the original funds together with the developer profits.

Choosing to access cash from a privately funded equity release loan

Accessing cash can take up to 2 weeks, it is more expensive and has a higher interest rate compared to home loans. And, unlike home loans, when the subdivision proceeds have been distributed, you will payout the loan facility and close it down as private lenders don’t offer lines of credit, redraw and offset accounts.

Using a privately funded loan to participate in a subdivision

If you have property or vacant land and wish to release the equity – the process

The finance director has been in non-bank and privately funded property and land loans since 1995.

The process is as follows:

• A mortgage application is completed that includes details on the owners and the owners assets and liabilities

• A valuation is undertaken to determine the value and amount of cashout that can be accessed

• A formal loan approval is issued, accepted by the property owner and the loan agreement is ordered

• Loan agreement is signed and returned and settlement is booked-in with all parties


Mission accomplished!

If you're interested in being a co-director to participate in a subdivision

Tell us the amount of cash or equity you wish to make available

You will need to contribute a minimum of $500k (ideally $600k) to be a co-director and participate in a subdivision. The required amount will be determined only when due-diligence on the particular subdivision has been completed. If the contribution is in property or land equity, we can assist you in a privately funded equity release loan.

You will be required to be a director and shareholder in a brand new company

The company (SPV) will be formed specifically for the subdivision. Shares will be issued to you to the value of your contribution. You will also be required to enter into a unit trust and be issued with units to the value of your contribution.

As a company director, you will be required to be a guarantor for the loan that purchases and develops the subdivision

The finance director will prepare and apply for the loan obtained from one or more private funding lines available. The loan fees and holding interest is always included in the loan.

Mortgage applications, applications to council, certain decisions and sales contracts will require your signature

A loan will be required to finalise the purchase contract that will include your details and signatures. Depending on the subdivision, if there is no DA or OP Works at time of purchase, the directors will be required to co-sign council applications to obtain the DA and OPW. When its time to sell the titled lots, all directors may be required to sign the contracts of sale.

You will be one of only four directors in any subdivision

There are two founding directors namely Rob and John who make up 50% of each subdivision. Rob is the finance director and John is the project manager director. There is a maximum of four directors including Rob and John. After settlement of the purchase, your involvement includes signing of applications if and as required, being included in any decisions regarding the subdivision and sales, and being required to sign the land sales contracts when lots are ready for sale.

How the co-directors contributions are being used for any subdivision

Up-to 70% of the purchase price on the contract of sale will be funded by a private loan secured by one or more mortgages. The difference between the net loan amount and the purchase price is provided by the co-directors

Contributions are typically being used to fund most or all of the following:
• Initial holding deposit
• Balance of deposit up to 10% of the purchase contract
• The difference between the net loan amount and the purchase price
• Stamp duty on the purchase, conveyancing fees and disbursements
• Loan approval terms-sheet acceptance fee
• Valuation fee(s) and Quantity Surveyor fee
• Lenders legal fee deposit if and as required
• Demolition of existing dwellings if and as required
• DA application fee if and as applicable
• DA consultants & council application fees as applicable
• OP Works consultants & application if and as applicable
• Buffer for low valuation(s) as and when required

Management

Manager, Team Members, Consultants & Contractors

Rob Kirk - Finance Director

Bris | Sunshine Coast

Office

2/290 Boundary Street, Spring Hill QLD 4000

Consultant Liaison

Brisbane | Sunshine & Gold Coasts | Logan | Ipswich

Co-directors

The partners we are seeking

Will have a minimum of $500k or more in cash available to contribute in a land subdivision. Will be a sole co-director or a co-director with one other depending on the size of the land subdivision. As a typical project length can be up-to 18 months depending on the project, co-directors will receive profit distribution only when last lot has been settled

Age is not a concern. Personal credit history is not a concern. Co-directors cannot have anything showing on the internet that will prohibit being a co-director. Financial capacity for servicing a loan is not a requirement

Co-directors are required to be guarantors on the company loan application to purchase and to develop

Will have a minimum of $500k or more in net property/land equity to contribute in a land subdivision. Will be a sole co-director or a co-director with one other depending on the size of the land subdivision. As a typical project length can be up-to 18 months depending on the project, co-directors will receive profit distribution only when last lot has been settled

Age is not a concern. Personal credit history is not a concern. Co-directors cannot have anything showing on the internet that will prohibit being a co-director. Financial capacity for servicing a loan is not a requirement

Co-directors are required to be guarantors on the company loan application to purchase and to develop

Will have a minimum of $500k or more in a SMSF available to contribute in a land subdivision. Will be a sole co-director or a co-director with one other depending on the size of the land subdivision. As a typical project length can be up-to 18 months depending on the project, co-directors will receive profit distribution only when last lot has been settled

Age is not a concern. Personal credit history is not a concern. Co-directors cannot have anything showing on the internet that will prohibit being a co-director. Financial capacity for servicing a loan is not a requirement

Co-directors are required to be guarantors on the company loan application to purchase and to develop