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HOLLY TEPPER | 637730 THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
CONTENTS
A1 A2 A3
.1_LOCAL STUDY .2_ PRECEDENTS
4 13
.1_ FEASIBILITY 1.0 NORTHCOTE .3_ FEASIBILITY 1.0: URBAN MOMENTS
24 54
.1_FEASIBILITY 2.0 MUNDY ST, BENDIGO .2_QUALITY: ARCHITECTURE .3_QUALITY: ESD SYSTEMS
58 81 86
A4
.1_FEASIBILITY 3.0 ABBOTT ST, BENDIGO .2_QUALITY: SOCIAL .3_QUALITY: INTERIORS AND DETAILING
91 119 124
HOLLY TEPPER | 637730 THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A1.1_ LOCAL STUDY ENCOMPASS CARLTON
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
ENCOMPASS CARLTON PROSPECTIVE DEVELOPMENT
NAME DEVELOPER ARCHITECT LOCATION HEIGHT DWELLINGS COUNCIL
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Encompass Citta & Frasers Property Group Jackson Architecture 8 Elgin St, Carlton 9 (Mid-Rise) 114 (1,2, & 3 Bed) City Of Melbourne
ENCOMPASS CARLTON CONTEXT
Street
n Street
Palmerston
Nearby features include: • Brunswick st 400m • Carlton gardens 450m • Melbourne Uni 850m • CBD 1.6Km
1:1000 1:1000
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Nicholso
Encompass is on the corner of Nicholson and Elgin street, Carlton. It shares the corner with social housing, adjacent to tram and bus networks.
T
Unimelb 85
0m
B
Elgin Street Johnston St
reet
CBD 1.6km Carlton Gard
ens 450m
Brunswick st . 400m
ENCOMPASS CARLTON CONTEXT
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
ENCOMPASS CARLTON EXTERNAL PERSPECTIVES
Corner of Nicholson and Elgin Street
Private entry directly on site boundary
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
No set backs, full height built form to street boundary
Elgin Street
PROPERTY DEVELOPMENT INTERNAL PERSPECTIVES “The ultimate lifestyle opportunity for singles, couples and families alike. “ Young professionals Emphasis on convenience of location as well as social and cultural activities (food & dining, art galleries and museums). “At the nexus of Carlton and Fitzroy. The best of urban lifestyle.” Investment property owners: Emphasis on central location
KEY ADVERTISED FEATURES: Comfort Style Considered Modern Designed (form) Quality Culture Leisure Location Rooftop Lounge Sustainability (5 star rating) Images Courtesy of Citta Property Group & Frasers Group (May 2017, Encompass Internal Renders
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
DEVELOPMENT PLANS 1 BEDROOM APARTMENT
Small balcony, especially when considering AC
Very limited natural light to bedroom.
Decent built in storage but access is awkward and narrow.
PRICE BED BATH CARPARK FLOOR AREA BALCONY AREA TOTAL AREA
$455,000 1 1 1 50m² 5m² 55m²
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
No natural light or ventilation to bathroom
DEVELOPMENT PLANS 8m+ deep floorplate. Limited access to natural light at far end of the space.
2 BEDROOM APARTMENT
PRICE BED BATH CARPARK STORAGE FLOOR AREA BALCONY AREA TOTAL AREA
$660,000 2 2 1 1 69m² 9m² 78m²
No natural light or ventilation to bathrooms. Need for second bathroom in 2 bed apartment? ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Very limited natural light to second bedroom (unlikely compliant).
MOMENT ANALYSIS MARKETING STRATEGIES
Omission of social housing from all marketing material apartments built to the site boundary.
BEFORE
Reduced light and aspect to social housing, no provision of amenity
Recognition and activation of the laneway contribution of community/ learning facility
ASSIGNMENT 1.1 | LOCAL STUDY THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
AFTER
A1.2_ PRECEDENTS 279 ST. GEORGES ROAD FEASIBILITY STUDY
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
CITY CENTRE, COPENHAGEN URBAN SPACE_1
City Center, Copenhagen • • • •
Activated street level Pedestrian and bike priority Widened streets Formal and informal functions Copenhagen City Guide (2018)
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
RUNDLE MALL, ADELAIDE URBAN SPACE_2
Rundle Mall, Adelaide • • • • • •
Pedestrian priority Activated street level Vegetation Building uniformity Ground tactility Formal and informal activity Landzine (2018)
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
OLD TOWN, STOCKHOLM URBAN SPACE_3
Old Town, Stockholm • • • • • • •
Pedestrian Priority Activated street level Formal and informal activity Vegetation Building uniformity Ground Tactility Passive Surveillance The Pinsta (2018) ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PALAZZO PIAZZA, MESSINA 1908 APARTMENT SPACE_1
Palazzo Piazza, Messina 1908 • • • • • •
Vegetation Building uniformity Shelter and awnings Activated street level Building setback Passive Surveillance Arthe City (2018)
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
19TH AND MERCER, SEATTLE 2013 APARTMENT SPACE_2
19th and Mercer, Seattle 2013 • Activated street level • Public shading and shelter • Formal and informal functions • Ground demarcation • Semi-private outdoor space • Internal pedestrian networks Weinstein A+U (2018) ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
JOULE APARTMENTS, SEATTLE 2010 APARTMENT SPACE_3
Joule Apartments, Seattle 2010 • • • • •
Vegetation Building setback Building uniformity Passive Surveillance Semi private/public ground floor balconies U Partnerships (2018)
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
REDESIGNED MOMENTS ENCOMPASS CARLTON: BEFORE
8 Elgin Street, Carlton
BEFORE
Private entry directly on site boundary. ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
No set backs, full height built form to street boundary.
CREATION OF PUBLIC SHELTER MOMENT 1
AFTER
• Set back building from site boundary. • Add shelter for PT travelers.
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
INFORMAL STREET MEETINGS MOMENT 2
AFTER
• Activate street level with cafes and seating. • Connection between public and private users. • Finer grain street interface = increased chance of connection.
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
INCREASING LENGTHS OF STAY MOMENT 3
AFTER
• Introduce vegetation and natural amenity to increase the length of stay of the user.
ASSIGNMENT 1.2 | PRECEDENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A2.1_ FEASIBILITY 1.0 279 ST. GEORGES ROAD, NORTHCOTE
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
SITE DETAILS 279-281 ST GEORGES ROAD, NORTHCOTE
Area: 1207m2 Frontages (Approx.) South Frontage: 34m East + West Frontage: - 35m
2 - 3 STOREY RESIDENTIAL
SINGLE STOREY RESIDENTIAL
SINGLE STOREY RESIDENTIAL
279-281 ST GEORGES ROAD
North and East Frontage: Predominantly low rise single residential- Consider private open space South Frontage: Multi-residential block
EMMALINE STREET
LANE
SURROUNDING BUILDINGS
34m
3 STOREY SINGLE STOREY RESIDENTIAL 0
5
10m
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
1 - 2 STOREY
35m
ST GEORGES ROAD
SITE METRICS
SITE DETAILS 279-281 ST GEORGES ROAD, NORTHCOTE LOCAL AMENITY
Education 1 Thornbury Primary 2 Northcote High School 3 Wales Street Primary Retail 4 St Georges Local Shops 5 High Street Retail 6 Northcote Plaza Parks 7 All Nations Park 8 Mayer Park 9 Batman Park 10 Northcote Golf Club Community Facilities 11 Medical Centre 12 Northcote Library 13 CERES 14 Various Churches
1 14
14 8 12
10
3
500m
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
1000m
4
1500m
5
12
14 13
9
14
6 12
2
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
14
7
SITE DETAILS 279-281 ST GEORGES ROAD, NORTHCOTE PUBLIC TRANSPORT Train - Croxton Station - 800m (6min Walk) Tram - Route 11 - 120m (2min walk) Tram - Route 86 - 950m (12min walk) Bus - Route 508 - 600m (7min walk)
TRAM 120m SITE TRAIN 800m TRAM 950m
5.5km from Melbourne CBD
BUS 600m
0
50
100m
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PLANNING 279-281 ST GEORGES ROAD, NORTHCOTE CZ1 - Commercial Zone1 NRZ - Neighbourhood Residential Zone GRZ2 - General Residential Zone RGZ1 - Residential Growth Zone RDZ1 - Road Zone IN3Z - Industrial Zone RGZ1 - Residential Growth Zone Encourages provision of housing at increased density, up to four storey buildings. Maximum building height of 13.5m.
0
10
20m
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PLANNING 279-281 ST GEORGES ROAD, NORTHCOTE PLANNING OVERLAYS DCPO - Development Contribution DDO - Design Development Overlay EAO - Environmental Audit Overlay DDO - Design Development Overlay Sets out required setbacks 10% minimum site permeability 80% maximum site coverage (residential) 80% maximum walls on boundary
0
10
20m
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PLANNING 279-281 ST GEORGES ROAD, NORTHCOTE Site Envelope Boundary 1m 3m 3m 14m
3m
30ยบ 4m
3m Rear Lane
3m
27.6m
3m
St. Georges Road 1:200
SITE SETBACKS 3m Street setbacks applied to all street boundaries 3m landscaped setback and 30 degree angle applied to rear row - Interface adjoining NRZ - Ground floor 3m set back - First floor 5.5m set back
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
- First floor and above to follow 30ยบ set back (section)
1:500
PLANNING 279-281 ST GEORGES ROAD, NORTHCOTE 13.4m 18.6m 24m
3m
28m
St. Georges Road
29m
Second 539m²
Rear Lane
Third 388m²
First 698m²
3m
Ground 812m²
Total 2437m² ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
1:500
1:200
3m
Emmaline Street
3m
OPTION 1: THE COURTYARD 279-281 ST GEORGES ROAD, NORTHCOTE
METRICS Land Cost $4,000,000 Return 15% Project Cost $14,774,515 Gross Profit $2,163,840 Apartment / m2 $8,765/m2 (Northcote Average - $8935/m2) No. Apartments 1 Bed - 6 2 Bed - 17 3 Bed - 4 Total - 27
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
OPTION 1: THE COURTYARD 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDENCE
3,400
17,300
GROUND FLOOR
10,300
3,000
15,150
15,150
BOH 165 m2
Landscaping - 412m2
COMMERCIAL
SINGLE STOREY RESIDENCE
70 m2
ROW 6,350
Circulation - 34m2 B
2,300
35,000
Residential - 231m2
DECK 198 m2 DECK 112 m2
DECK 22 m2
STAIRS 15 m2
2BR
B
70 m2
BOH 7 m2
14,550
CIRCULATION 11 m2
LIFT 8 m2
3BR
COMMERCIAL 186 m2
3,400
1:200 @A3 ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
11,100
A
3,000
DECK 28 m2
3,000
8,200
91 m2
3,000
34,000
EMMA LINE STREET
35,000
Back of House - 172m2
2BR
16,500
3,000
ST GEORGES ROAD
156 m2
DECK 52 m2
2,300
Commercial - 344m2
A
34,000
METRICS
OPTION 1: THE COURTYARD 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDENCE
3,000
26,000 34,000 2,000
9,600
LEVEL 01
9,000 10,300
2,000 3,000
DECK 8 m2
BOH 165 m2
1,000
DECK 8 m2
1BR
2BR
DECK 8 m2
15,150
46 m2
15,1507,250
Residential - 635m2
2BR
70 m2
67 m2
COMMERCIAL
SINGLE STOREY RESIDENCE
1BR
51 m2
52 m2
DECK 8 m2
2,300
8,800
DECK 198 m2 DECK 112 m2
35,000
5,350
1BR DECK 8 m2
B
DECK 22 m2
DECK 8 m2
2BR 2 2BR67 m
STAIRS 15 m22
BOH 7 m2
3BR 93 m2 COMMERCIAL
70 m2
186 m2
11,100
3,000
DECK 8 m2
A
8,200 9,400
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
51 m2
DECK 28 m2
3,000
3,000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
DECK 12 m2
LIFT 8 m22
1BR
91 m2
2BR
3,400
B
CIRCULATION 45 11 m2
3BR
1:200 @A3
DECK 8 m2
68 m2
DECK 8 m2
3,000
2BR
70 m2
14,550
6,350
7,000
35,000 29,000
ROW
Deck - 108m2
4,900
70 m2
34,000
EMMA LINE STREET
16,500
3,000
ST GEORGES ROAD
156 m2
2BR
DECK 52 m2
2,300
Circulation - 68m2
3,000
7,400
17,300
3,000
3,000 3,400
A
5,000
METRICS
OPTION 1: THE COURTYARD 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDENCE
A
20,500 2,000
9,000
2,000
1,000
DECK 8 m2
6,300
LEVEL 02 + 03
2BR
DECK 8 m2
72 m2
Residential - 470m2
2BR 71 m2
SINGLE STOREY RESIDENCE
4,900
10,800
52 m2
DECK 8 m2
2BR 73 m2
29,500
Deck - 60m2
13,800
ROW
1BR DECK 8 m2
ST GEORGES ROAD
Circulation - 51m2
3,000
11,500
2,500
2,500
8,500
A
10,500
METRICS
B
STAIRS 15 m2
B
DECK 8 m2
2BR 68 m2
CIRCULATION 28 m2
DECK 12 m2
LIFT 8 m2
9,400
3BR 93 m2
2BR 71 m2
A
1:200 @A3
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A
3,000
3,000
DECK 8 m2
EMMA LINE STREET
B
B
OPTION 1: THE COURTYARD 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY STOREY SINGLE RESIDENCE RESIDENCE
2,500
2,000
20,500 20,500 9,000
2,000
1,000
DECK 8 m2
6,300
LEVEL 04 (Rooftop)
2BR
DECK 8 m2
72 m2
Communal Rooftop - 192m2
2BR 71 m2
SINGLE STOREY STOREY SINGLE RESIDENCE RESIDENCE
52 m2
ST GEORGES GEORGES ROAD ROAD ST
DECK 8 m2
DECK 8 m2
2BR 73 m2
29,500
Back of House - 23m2
1BR 10,800
ROW ROW
4,900
23,700 13,800
Circulation - 30m2
3,000 3,000
11,500
3,000 2,500
8,500
A
10,500 10,500
METRICS
COMMUNAL ROOFTOP 192 m2 STAIRS STAIRS 2 15 15 m m2
B
DECK 8 m2
2BR 68 m2
CIRCULATION CIRCULATION 7 mm22 28 BOH 23 m2
LIFT LIFT2 8 8m m2
9,400
93 m2
2BR 71 m2
A
3,000
3,000
8,300
DECK 8 m2
1:200 @A3 ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
DECK 12 m2
3BR
EMMA LINE LINE STREET STREET EMMA
B
OPTION 1: THE COURTYARD 279-281 ST GEORGES ROAD, NORTHCOTE
13.5m
COMMUNAL ROOFTOP
2BR
2BR
3000
2BR
3000
1BR
3000
BOH
4000
2BR
3000
2BR
3000
1BR
1BR
3000
COMMERCIAL
BOH
4000
2BR LIFT
STAIRS
1BR
COMMUNAL ROOFTOP
COMMERCIAL
EMMALINE STREET
2BR
2BR LIFT
EMMALINE STREET
13.5m
STAIRS
SECTION AA
13.5m 2BR
2BR
3000
2BR
2BR
3000
2BR
3000
2BR ROW
13.5m
COMMERCIAL
2BR 2BR
2BR
SECTION BB
ST GEORGES RD 3000
1:200 @A3 2BR
2BR
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
4000
2BR
3000
2BR
3000
ROW 2BR
COMMERCIAL
4000
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE METRICS Land Cost $4,000,000 Return 15% Project Cost $14,687,479 Gross Profit $2,149,976 Apartment / m2 $9,420.00/m2 (Northcote Average - $8935/m2) No. Apartments 1 Bed - 07 2 Bed - 11 3 Bed - 04 Total - 22
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDEN CE
A
34,000 6,000
6,550
3,350
4,400
10,700
3,000
3,200
METRICS
DECK 21 m2
9,800
GROUND FLOOR
DECK 36 m2
3BR
104 m2
Landscaping - 276m2
BOH
SINGLE STOREY RESIDENCE
COMMERCIAL 110 m2
2BR
71 m2
GARDEN 33
m2
35,000
Residential - 310m2
SERVICES 6 m2
9,400
Circulation - 78m2
LIFT 8 m2
DECK 30 m2
2BR
76 m2
BOH 23 m2
STAIRS 14 m2
CIRCULATION
DECK 15 m2
13,330
2,000
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
EMMA LINE STREET
3,000 12,500
A
198 m2
34,000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
9,200 84 m2
63 m2
DECK
3,200
1:200 @A3
B
COMMERCIAL
COMMERCIAL
3,000
B
4,700
56 m2
3,000
ST GEORGES ROAD
26 m2
19,600
DECK
35,000
Back of House - 179m2
8,100
156 m2
ROW
Commercial - 257m2
1BR
59 m2
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDEN CE
A
34,000 3,200 6,000 2,500
6,550 6,500
3,350 3,726
4,400 4,409
21 m2
7,8169,800
DECK 8 m2
2BR
80 m2
DECK 36 m2
3BR
3BR
104 m2
107
Residential - 630m2
m2
1BR
4,494
59 m2
BOH
SINGLE STOREY RESIDENCE
2BR COMMERCIAL
2BR
26 m2
71 m2
110 m2
1BR
DECK
DECK
12 m2
66 m2
GARDEN 33
m2
4,117
SERVICES SERVICES 6 m2
35,000
DECK
35,000
Deck - 100m2
8,100 8,114
ROW
12 m2
4,762 19,600
77 m2
DECK
LIFT LIFT 8 m2
2BR
9,400 9,374
80 m2
DECK 30 m2
2BR
76 m2
12 m2
2BR
76 m2
DECK
BOH 23
12 m2
m2
STAIRS STAIRS 14 14 m m2
CIRCULATION CIRCULATION
DECK 12 m2
84 m2
COMMERCIAL
1BR COMMERCIAL 2
84 m2
6063mm2
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3,000
198 m2
2,500
13,330
12,856
2,000 34,000 34,000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
19 m2
DECK
3,200 3,200
1:200 @A3
DECK
EMMA LINE STREET
10,507
15 m2
12,500 12,435
A
4,697 4,700
2BR
DECK
3,000
B
9,200
56 79 m2
3,000
B
ST GEORGES ROAD
156 m2
4,746
Circulation - 101m2
3,000
3,200
2,000
13 m2
DECK
LEVEL 01
10,700 8,664
2,000
DECK
6,374
METRICS
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDEN CE 34,000
3,200 6,000 2,500
6,550 6,500
3,350 4,150 3,726
19,225
4,400 4,420 4,409
2,000 4,560
3,200 3,025
DECK
DECK
18 m2
8 m2
2BR
80 m2
36 m2
3BR
3BR
104 m2
107 m2
2BR
Residential - 483m2
82 m2
3BR
112 m2
1BR
59 m2
DECK
SINGLE STOREY RESIDENCE
BOH
8 m2
156 m2
2BR
71 m2
110 m2
1BR
DECK 12 m2
66 m2
GARDEN 33
m2
9,625 4,117
2BR
87 m2
1BR
51 m2
LIFT LIFT
SERVICES SERVICES
8 m2
6 m2
DECK
2BR
10 m2
80 m2
9,400 9,374
32,000 35,000
8,100 8,114
COMMERCIAL 2BR
26 m2
CIRCULATION 2
DECK
DECK
34 m
30 m2
2BR
76 m2
DECK 12 m2
2BRDECK
2 76 m2 8 m
BOH 23
m2
12 m2
STAIRS
4,746
35,000 32,000
Deck - 67m2
DECK
14,110
ROW
12 m2
4,762 19,600
77 m2
DECK
DECK
14 m 14 m2 m
10 m2
15 m2
12 m2
13 m2
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
84 m2
DECK 19 m2
2,500
2,000 12,856 13,330
3,000
10,155 2,000
34,000 34,000
12,500 12,435 21,220
EMMA LINE STREET
A
198 m2
9,785
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
COMMERCIAL
6063mm2
DECK
3,200 3,200
1:200 @A3
2BR
84 m2
64 m2
1BR COMMERCIAL 2
3,000
4,697 4,700 6,310
DECK
DECK
1BR
10,507
2BR
87 m2
B
DECK
9,060
2,500 3,000 3,000
B
3,000
56 79 m2
9,580 9,200
CIRCULATION CIRCULATION
ST GEORGES ROAD
DECK
9,770 4,494
11,580 9,800 7,816
3,000
6,374
2,000
13 m2
21 m2
Circulation - 56m2
10,700 8,664 6,095
DECK DECK
LEVEL 02
3,000
A
11,775
METRICS
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY RESIDEN CE
A
34,000
3,350 3,726
2,000 4,600
4,400 4,409
8 m2
2BR
80 m2
DECK 36 m2
3BR
3BR
104 m2
107
3BR
m2
111 m2
Residential - 337m2
9,600
11,570 9,800 7,816
12 m2
DECK
6,374
2,000
13 m2
21 m2
1BR
4,494
59 m2
BOH
SINGLE STOREY RESIDENCE
2BR
2BR
26 m2
71 m2
110 m2
1BR
1BR
66 m2
54 m2
GARDEN 33
DECK 12 m2 DECK 12 m2
m2
4,117
SERVICES SERVICES SERVICES 66mm2 2
LIFT LIFT LIFT 8 m2
DECK
2BR
12 m2
7,400 9,400 9,374
80 m2
2BR
CIRCULATION
DECK
74 m2
34 m2
30 m2
2BR
76 m2
DECK 12 m2
2BR
76 m2
DECK
STAIRS STAIRS STAIRS
BOH 23
12 m2
35,000 35,000
ROW ROW
COMMERCIAL
DECK
35,000 35,000
Deck - 52m2
6,7008,114 8,100
12 m2
5,900 4,762 19,600
77 m2
DECK
14 m 14 m2
m2
15 m2
DECK
1BR COMMERCIAL 2
12 m2
3BR 98 m2
16 m2
2BR
84 m2
COMMERCIAL 84 m2
6063mm2
2,500
12,900
13,330
12,856
2,500
2,000
3,000 3,000 15,600 12,500 12,435
34,000 34,000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
19 m2
198 m2
3,200 3,200
EMMA LINE STREET
A
1:200 @A3
DECK
DECK
A
B
DECK
3,000 3,000
B
4,697 6,300 4,700
56 79 m2
DECK
6,300 9,200 10,507
CIRCULATION CIRCULATION
3,000 3,000
B
B
ST ST GEORGES GEORGES ROAD ROAD
156 m2
8,200 4,746
Circulation - 56m2
3,000 3,000
DECK DECK
LEVEL 03
10,700 8,664 6,000
DECK
3,200 2,000
20,400 6,550 6,500
3,200 6,000 2,500
A
METRICS
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE STOREY SINGLE STOREY RESIDEN RESIDEN CE CE
A
34,000
3,350 3,726
2,000 4,600
4,400 4,409
8 m2
2BR
80 m2
3BR
3BR
104 m2
107
3BR
m2
111 m2
Communal Rooftop - 163m2
1BR
4,494
59 m2
BOH
SINGLE STOREY STOREY SINGLE RESIDENCE RESIDENCE
15,300
COMMUNAL ROOFTOP 156 m2 163 m2 2BR
77 m2
DECK
COMMERCIAL 2BR
26 m2
71 m2
110 m2
1BR
1BR
66 m2
54 m2
GARDEN 33
DECK 12 m2 DECK 12 m2
m2
4,117
LIFT SERVICES LIFT LIFT SERVICES SERVICES LIFT SERVICES 2
2 8 8mm
22 2 mm 666m
DECK
2BR
12 m2
DECK 30 m2
2BR
76 m2
74 m2
DECK
8 m2
2BR
76 m2
DECK
BOH 23
12 m2
12 m2
STAIRS STAIRS STAIRS STAIRS 2 14 m 14 m22 14 m
m2
13,700
7,400 9,400 9,374
80 m2
2BR
CIRCULATION CIRCULATION 34 m2
8,200 4,746
ROW ROW
DECK
35,000 35,000
Back of House - 41m2
6,7008,114 8,100
12 m2
DECK 136 m2
DECK 15 m2
BOH
DECK
DECK
1BR COMMERCIAL 2
12 m2
41 m2
16 m2
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
2BR
84 m2
COMMERCIAL 84 m2
DECK 19 m2
2,500
12,90015,400
13,330
12,856
2,500
2,0006,500
EMMA LINE EMMA LINE STREET STREET
3,000 3,000 3,000
A
198 m2
34,000 34,000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
98 m2
DECK
3,200 3,200
1:200 @A3
3BR
6063mm2
3,000 3,000
B
4,697 6,300 4,700
56 79 m2
6,300 9,200 10,507
CIRCULATION CIRCULATION
15,600 12,500 12,435 9,000
3,000 3,000 3,000
B
ST ST GEORGES GEORGES ROAD ROAD
36 m2
9,600
DECK
5,900 4,762 19,600
11,570 9,800 7,816
12 m2
DECK
6,374
2,000
13 m2
21 m2
Circulation - 30m2
3,000 3,000 3,000
DECK DECK
LEVEL 04 (ROOFTOP)
10,700 10,650 8,664 6,000
DECK
3,000 3,200 2,000
20,400 6,550 20,350 6,500
3,200 6,000 2,500
35,000 35,000 35,000
METRICS
OPTION 2: LANEWAY ACTIVATION DECK
ROOF
13000 279-281 ST GEORGES ROAD, NORTHCOTE
COMMUNAL ROOFTOP
3BR
1BR
2BR
3BR
LVL 3 10000 3BR
2BR
LVL 2 7000 ROOF 13000 LVL 1 4000 LVL 3 10000 EMMALINE STREET
2BR
DECK
COMMUNAL ROOFTOP 2BR
2BR
3BR
1BR
2BR
COMMERCIAL
2BR 3BR BOH
COMMERCIAL 3BR
2BR
LVL 2 7000
2BR
2BR
2BR
2BR
LVL 1 4000 COMMERCIAL
BOH
COMMERCIAL
EMMALINE STREET
SECTION AA
BOH
DECK 3BR
ROOF 13000 LVL 3 10000
1BR
1BR
2BR
BOH
DECK 2BR 3BR
COMMERCIAL ROW
SECTION BB
COMMERCIAL 1BR
1BR
2BR
2BR
LVL 2 7000 ROOF 13000 LVL 1 4000 LVL 3 10000 ST. GEORGES ROAD LVL 2 7000
1:200 @A3 LVL 1 4000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD COMMERCIAL
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL ROW
COMMERCIAL ST. GEORGES
OPTION 3: CORNER STORE 279-281 ST GEORGES ROAD, NORTHCOTE METRICS Land Cost $4,000,000 Return 15% Project Cost $12,854,579 Gross Profit $1,881,675 Apartment / m2 $9,160.00/m2 (Northcote Average - $8935/m2) No. Apartments 1 Bed - 07 2 Bed - 15 3 Bed - 06 Total - 28
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
OPTION 3: CORNER STORE 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE SIN G LE SSTOREY TO REY RESIDEN C E CE
6,374
8 m2
2BR
80 m2
2BR
BOH
3BR
49m 2
107
3BR
67m 2
m2
111 m2
1BR
SINGLE SIN G LE SSTOREY TO REY RESIDEN CE RESIDENCE
COMMERCIAL
COMMERCIAL BOH 39m 2
2BR
13m 2
35m 2
156 m2
49m 2
2BR
110 m2
3BR
1BR
68m 2
54 m2
GARDEN 33
CIRC. 10m
335,000 5,000 35,000
Residential - 332m2
LIFT
12 m2
COMMERCIAL
10m 2
2
46m 2
STAIRS
2BR BOH 23
12 m2
2BR 49m 2
CIRCULATION CIRCULATION
BOH
COMMERCIAL
53m 2
35m 2
1BR COMMERCIAL 2
49m 2
3BR 98 m2
16 m2
6063mm2
2,500
12,900
13,330
11, 400
12,856
DECK 19 m2
DECK
2,500
3, 100
2,000
394m2
4, 500
34,000 34,000
1:200 @A3
2BR
84 m2
COMMERCIAL COMMERCIAL 84 m2 40m 2
198 m2
3,000
8,200 4,746
B
56 79 m2
DECK
3,200 3,200
DECK
14 m 14 m2
m2
DECK
2BR
12 m2
12 m2
3,000 3,000
DECK 13m 2
DECK
DECK
STAIRS STAIRS STAIRS
3,000 3,000
4, 3006,300 4,697 4,700
4, 300
DECK
3,000
7437m m2
12 m2
2BR
76 m2
DECK
2BR
COMMERCIAL 2BR 2
34 m2
30 m2
15 m2
8 m2
80 m2
DECK
2 DECK 13m
LIFT LIFT LIFT
CIRCULATION 76 m2
B
66mm2 2
18, 400
68m 2
34 , 0 0 0
EMMA EM M A LIN E SSTREET TREET LINE
15,600 12,500 12,435
8, 900
6,300 9,200 10,507
3BR
3,000
Circulation - 24m2
DECK 18m 2
10m 2
A
7,400 6, 000 9,400 9,374
SERVICES SERVICES SERVICES
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
DECK 12 m2 DECK
m2
35,000 35,000 35,000
66 m2
71 m2
18m 2
4,117
RO W ROW ROW
6, 000 6,700 8,100 8,114
Back of House - 120m2
COMMERCIAL
1BR
2BR
26 m2 DECK
5,900 4,762 19,600
DECK DECK
2, 000
77 m2
12 m2
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
4,494
4, 300
59 m2
DECK
3,000 3,000 3,000
SST T GEORGES G EO RG ES ROAD RO AD ST GEORGES ROAD
3BR
104 m2
9,600
DECK
DECK 36 m2 13m 2
8, 500
11,570 4,9,800 300 7,816
12 m2
DECK
DECK
3, 000
13 m2
Landscaping - 445m2 Commercial - 232m2
3,000 3, 000 3,000
DECK 21 m2
GROUND FLOOR
4, 050 10,700 8,664 6,000
3,200 2,000
12,2,000 500 4,600
4,400 4,409
DECK
3, 000 2,000
METRICS
3,350 3,726
A
34,000 34 , 0 0 0 20,400 11,6,500 450 6,550
3 , 0 0 0 6,000 2,500 3,200
OPTION 3: CORNER STORE 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE SIN SIN G G LE LE SSSTOREY TO TO REY REY RESIDEN RESIDEN CC EE CE
2BR
2BR
80 m2
49m 2
49m 2
BOH
3BR
107
3BR
67m 2
m2
111 m2
2BR 1BR
8, 500
65m 2
4, 300
59 m2
SINGLE SIN SIN G G LE LE SSSTOREY TO TO REY REY RESIDEN RESIDEN CCEE RESIDENCE
2BR 2BR
DECK 13m 2
2BR
COMMERCIAL BOH 39m 2
49m 2
49m 2
8m 2
33
m2
CIRC.
35,000
335,000 5,000 35,000
10m
LIFT LIFT
2, 000
12 m2
1BR
DECK
50m 2
8m 2
COMMERCIAL
10m 22 10m
2
DECK 12 m2 DECK
STAIRS STAIRS
1BR
8 m2
2BR
CIRCULATION
DECK
2BR 49m 2
14 m 14 m2
m2
2BR
BOH
COMMERCIAL
53m 2
35m 2
CIRCULATION CIRCULATION 56 79 m2 2BR
49m 2
1BR
3BR
DECK
98 m2
16 m2
22 6063mm
198 m2
33,,000000
2,500
12,900
13,330
11, 11, 400 400
12,856
2,500
3, 3, 100 100
2,000
DECK
2BR
84 m2
COMMERCIAL COMMERCIAL 84 m2
DECK 19 m2
DECK
8m 2
A
DECK
3,200 3,200
4, 500
34,000 34,000 33,,000000
8m 2
40m 2
3,000 3,000
4, 3006,300 4,697 4,700
2BR 2BR 2 1BR COMMERCIAL 49m 2 49m
12 m2
B DECK
55m 2
68m 2
DECK
DECK
STAIRS STAIRS STAIRS
BOH 23
12 m2
DECK 13m 2
DECK
12 m2
12 m2
2BR
DECK
15 m2
2
8m DECK
7437m m2
34 m2
2BR
76 m2
2 DECK 13m
DECK
49m 2
80 m2
COMMERCIAL 2BR 2
8,200 4,746
10m22 10m
LIFT LIFT LIFT
18, 400 7, 200
68m 2
66mm2 2
34 34,,000000
EMMA EM EM M MA A LIN LIN EE SSSTREET TREET TREET LINE
394m2
, 700
15,600 12,500 12,435
8, 900
7,200
18m 2
76 m2
4, 300
SERVICES SERVICES SERVICES 3BR
3,000 3,000
7,400 6, 000 9,400 9,374
49m 2
DECK
30 m2
4,117
46m 2
3BR
6, 600
21m
54 m2
2
5,900 4,762 19,600
GARDEN
49m 2
B
1BR
CIRC.
68m 2
35,000 335,000 5,000
3BR
66 m2
71 m2
6,300 9,200 10,507
2
18m 2
110 m2
1BR
2BR
26 m DECK
3,000
RO W ROW ROW
6, 000 6,700 8,100 8,114
COMMERCIAL
DECK
3BR
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
DECK
77 m2
12 m2
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
35m 2
2BR
DECK
1:200 @A3
COMMERCIAL
70m 2
156 m2
4, 700
3,000 3,000
33,,000000
SST T GEORGES G EO RG ES ROAD RO AD ST GEORGES ROAD
2BR
Residential - 652m2 Circulation - 41m2
8 m2
9,600
3BR
104 m2
12 m2
DECK
8m 2
4,494
4,9,800 300 11,570 7,816
DECK
2, 400 3, 000
DECK
DECK
6,374
13 m2
DECK 36 m2 13m 2
3,000 2, 000 3, 000 3,000
DECK 21 m2
FIRST FLOOR
8,8,664 900 6,000 4, 050 10,700
3,200 2,000
12,2,000 500 4,600
7, 600 4,400 4,409
3,350 3,726
DECK
3, 000 2,000
METRICS
A
34,000 34 34,,000000 20,400 11, 11,6,500 450 450 6,550
33,,000000 6,000 2,500 3,200
OPTION 3: CORNER STORE 279-281 ST GEORGES ROAD, NORTHCOTE SINGLE SIN G LE SSTOREY TO REY CE RESIDEN C E
DECK
BOH
3BR 2 3BR 90m
107
67m 2
m2
111 m2
9,600
3BR
49m 2
4, 200
80 m2
2BR
8, 500
3BR
104 m2
1BR
m2
COMMERCIAL
COMMERCIAL BOH 39m 2
2BR
DECK 13m 2
35m 2
156 m2
49m 2
2BR
2BR 68m 2 COMMERCIAL
1BR
2BR
66 m2
71 m2
18m 2
110 m2
3BR
CIRC.
68m 2
GARDEN
LIFT LIFT LIFT
2BR
7437m m2
34 m2
2BR 49m 2
14 m 14 m2
m2
BOH
COMMERCIAL
53m 2
35m 2
CIRCULATION CIRCULATION 56 79 m2 2BR
3BR 98 m2
16 m2
6063mm2
198 m2
3,000
2,500
12,900
13,330
11, 400
12,856
2,500
3, 100
2,000
DECK
4, 500
34,000 34,000
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
2BR
84 m2
COMMERCIAL COMMERCIAL 84 m2
DECK 19 m2
DECK
12m 2
A
DECK
3,200 3,200
12m 2
40m 2
3,000 3,000
4, 3006,300 4,697 4,700
1BR COMMERCIAL 2
49m 2
DECK
55m 2
DECK
2BR
12 m2
B
1BR
72m 2
DECK
DECK
STAIRS STAIRS STAIRS
BOH 23
12 m2
DECK
DECK
12 m2
12 m2
2BR
13m 2
15 m2
12m 2
DECK
COMMERCIAL 2BR 2
CIRCULATION 2BR
DECK
2 DECK 13m
DECK
49m 2
80 m2
DECK 30 m2
4,117
1BR
12m 2
8 m2
8,200 4,746
66mm2 2
10m
34 , 0 0 0
EMMA LINE EM M A LIN E SSTREET TREET
394m2
, 700
15,600 12,500 12,435
8, 900
7,200
68m 2
STAIRS STAIRS 2
35,000 35,000
COMMERCIAL
10m 22 10m
2
6,300 9,200 10,507
7,400 6, 000 9,400 9,374
3BR
76 m2
4, 300
SERVICES SERVICES SERVICES
14m 2
DECK 18m 2
76 m2
1:200 @A3
12 m2
3355,,000000
LIFT LIFT
46m 2
BOH
85m 2
3,000
12m 2
DECK 12 m2 DECK
18, 400 7, 200
8, 00
35,000
3335,000 55,,000000
10m
COMMUNAL ROOFTOP
B
54 m2
33 m2
CIRC.
Circulation - 52m2
1BR
32m 2
DECK
3,000 3,000
RO W ROW ROW
Residential - 331m2
6, 000 6,700 8,100 8,114
12 m2
26 m2 DECK
5,900 4,762 19,600
DECK DECK
10, 2, 000 350
77 m2
4, 700
3,000 3,000 3,000
SST TG EO RG ES RO AD ST GEORGES GEORGES ROAD ROAD
4, 300
12m 2
8 m2
33,,000000
Back of House - 14m2
12 m2
DECK
2BR
DECK
DECK 36 m2 13m 2
59
SINGLE SIN G LE SSTOREY TO REY RESIDENCE RESIDEN CE
2, 400 3, 000
DECK
6,374
13 m2
4,494
11,570 8, 5007,816 4,9,800 300
Landscaping - 85m2
3,000 3, 000 3,000 2, 000
DECK 21 m2
SECOND FLOOR
4, 050 8,664 6,000 13, 45010,700
3,200 2,000
12,2,000 500 4,600
4,400 4,409
DECK
3, 3, 000 000 2,000
METRICS
3,350 3,726
A
34,000 34 , 0 0 0 20,400 6,550 11,6,500 450
3,200 3 , 0 0 0 6,000 2,500
OPTION 3: CORNER STORE 279-281 ST GEORGES ROAD, NORTHCOTE SIN LE SSSTOREY TOREY REY SINGLE SIN GGLE TO RESIDENCC CE RESIDEN EE
BOH
COMMERCIAL
COMMERCIAL BOH 39m 2
2BR
DECK 13m 2
35m 2
156 m2
49m 2
2BR
66 m2
71 m2
18m 2
110 m2
3BR
1BR
68m 2
54 m2
GARDEN
68m 2
66mm2 2
LIFT LIFT LIFT
CIRCULATION
DECK
2BR
2BR 49m 2
14 m 14 m2
m2
BOH
COMMERCIAL
53m 2
35m 2
CIRCULATION CIRCULATION 2BR 56 79 m2
1BR COMMERCIAL 2
49m 2
98 m2
16 m2
6063mm2
DECK 198 m2
3,200 3,200
3,000
2,500
12,900
13,330
11, 400
12,856
B
1BR
DECK
55m 2
8m 2
2BR
84 m2
COMMERCIAL COMMERCIAL 84 m2
DECK 19 m2
40m 2
2,500
3, 100
2,000
DECK
DECK
8m 2
A
12 m2
3BR
DECK
2BR
DECK
3,000 3,000
4, 3006,300 4,697 4,700
DECK
DECK
STAIRS STAIRS STAIRS
BOH 23
12 m2
DECK 13m 2
15 m2
12 m2
12 m2
2BR
DECK
2 DECK 13m
2
7437m m2
34 m2
30 m2
DECK 8m DECK
80 m2
COMMERCIAL 2BR 2
69m 2
4, 500
34,000 34,000
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
4,117
1BR 2 2BR49m
10m 2
8 m2
8,200 4,746
3BR
10m
34, 0, 00000 34
EM MAA LIN LIN TREET EM M EE SSSTREET TREET EMMA LINE
394m2
, 700
15,600 12,500 12,435
8, 900
7,200
DECK 18m 2
STAIRS STAIRS 2
6,300 9,200 10,507
7,400 6, 000 9,400 9,374
46m 2
CIRC.
76 m2
11,4,900 300
COMMERCIAL
10m22 10m
2
21m 2
76 m2
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD
12 m2
35,000 35,000 3 35 5 ,, 0 00 00 0
LIFT LIFT
18, 400 7, 200
5, 200
35,000
335,000 5,000 35,000
10m
SERVICES SERVICES SERVICES
33, 0, 00000
8m 2
DECK 12 m2 DECK
33 m2
CIRC.
B
DECK
3,000 3,000
RO W RO W ROW ROW
6, 000 6,700 8,100 8,114
1BR
2BR
26 m2 DECK
5,900 4,762 19,600
2BR 68m 2 COMMERCIAL
12 m2
DECK
10, 350 2, 000
77 m2
DECK
1:200 @A3
2, 400 3, 000
m2
4,494
4, 300
2 m2 90m111
1BR
4, 700
3,000 3,000
33, 0, 00000
SSST TT GEORGES G EO RO A G EO RG RG ES ES ROAD RO AD D ST GEORGES ROAD
107
3BR3BR
67m 2
m2
9,600
3BR
49m 2
4, 200
80 m2
2BR
8, 500
3BR
104 m2
3 3 ,, 0 00 00 0
Circulation - 41m2
12m 2
8 m2
2BR
DECK
DECK 36 m2 13m 2
59
SINGLE SIN LE SSSTOREY TOREY REY SIN GGLE TO RESIDEN RESIDEN CCEE RESIDENCE
12 m2
DECK
DECK
DECK
6,374
13 m2
7,816
8, 50011,570 4,9,800 300
Residential - 331m2
3,000 3, 000 2, 000 3,000
DECK 21 m2
THIRD FLOOR
4, 050 13, 450 10,700 8,664 6,000
3,200 2,000
12,2,000 500 4,600
4,400 4,409
DECK
3, 3, 000 000 2,000
METRICS
3,350 3,726
A
34,000 34, 0, 00000 34 20,400 11,6,500 450 6,550
3, 0, 00000 6,000 2,500 33,200
OPTION 3: CORNER STORE 279-281 ST GEORGES ROAD, NORTHCOTE
2BR
3BR
3000
3BR
3000
2BR
2BR
3000
2BR BOH
COM. 3BR BOH
3000 4000
3BR
3000
2BR
3000
2BR
EMMALINE STREET
STAIRS
2BR
STAIRS
LIFT
LIFT
2BR
EMMALINE STREET
BOH
COM.
BOH
4000
SECTION AA
2BR
1BR
3000
2BR
1BR
3000
2BR
2BR
1BR
3000
2BR
2BR BOH
COMMUNAL ROOFTOP
BOH
ROW
COMMUNAL ROOFTOP
SECTION BB ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
BOH
2BR
1BR COMMERCIAL 1BR
ST GEORGES RD 3000 4000 3000
1:200 @A3
2BR
2BR
2BR
BOH
1BR
3000 ST GEORGES RD
ROW COMMERCIAL
4000
- no stampduty payable by Nightingale) Subtotal
$4,050,000
OPTION 1: THE COURTYARD
2. CONSULTANTS
279-281 ST GEORGES ROAD, NORTHCOTE
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
$462,463
6. FINANCE
$59,579
7. INTEREST
$291,781
9. CONSTRUCTION
5% Contingency
Construction Budget
6/08/2018
Nightingale Night School Template
OPTION 1
5.00%
TOTAL m2
$ / metre
1207
$3,314
1. LAND / ACQUISITION
$4,050,000
Land Purchase
$4,000,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
5.0%
2.5% Contingency
Subtotal (Items 1 — 9)
$14,414,161
Development Contingency
2.50%
11. INCOME
$16,938,355
Area (sqm) Total Apartment NSA Total Retail NSA Ground
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
$1,302,240 $462,463
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$59,579
7. INTEREST
$291,781
9. CONSTRUCTION
5% Contingency
Construction Budget
$360,354 $14,774,515
$0 $4,050,000
2. CONSULTANTS
$14,774,515
Total Project Cost
- no stampduty payable by Nightingale) Subtotal
$390,148 $8,193,098
Subtotal
10. TOTAL PROJECT COST
SITE INFORMATION
$8,193,098 $7,802,950
Construction Contingency
Development Feasibility
$1,302,240
$8,193,098
Unit
1846
$8,765.00
$16,180,190
342
$6,000.00
$2,052,000
Subtotal GST (Margin Scheme/ Unit sales)
$18,232,190 $1,293,835
Leasable Retail
$0
GST (Management Rights Sale)
$0
Total Sales
$16,938,355
12. PROFIT Gross Costs
$14,774,515
Revenue Less GST
$16,938,355
Gross Profit
$2,163,840
$7,802,950
Construction Contingency
5.00%
$390,148 $8,193,098
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
$14,774,515 $14,414,161
Development Contingency
2.50%
$360,354 $14,774,515
Total Project Cost
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD 11. INCOME
$16,938,355
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL Area (sqm)
Unit
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. Breathe do NOT verify their accuracy. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
15.0%
OPTION 2: LANEWAY ACTIVATION 279-281 ST GEORGES ROAD, NORTHCOTE
ASSIGNMENT 2.1 | FEASIBILITY 1.0_ST GEORGES RD THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Subtotal
$4,050,000
2. CONSULTANTS
OPTION 3: CORNERSTORE
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
279-281 ST GEORGES ROAD, NORTHCOTE
$458,663
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$56,103
7. INTEREST
$250,519
9. CONSTRUCTION
5% Contingency
Construction Budget
6/08/2018
Nightingale Night School Template
OPTION 3
5.00%
TOTAL m2
$ / metre
1207
$3,314
1. LAND / ACQUISITION
$4,050,000
Land Purchase
$4,000,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
5.0%
2.5% Contingency
Subtotal (Items 1 — 9)
$13,033,710
Development Contingency
2.50%
11. INCOME
$15,319,127
Area (sqm) Total Apartment NSA Total Retail NSA Ground
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
$1,128,950 $458,663
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$56,103
7. INTEREST
$250,519
9. CONSTRUCTION
5% Contingency
Construction Budget
$325,843 $13,359,553
$0 $4,050,000
2. CONSULTANTS
$13,359,553
Total Project Cost
- no stampduty payable by Nightingale) Subtotal
$334,975 $7,034,475
Subtotal
10. TOTAL PROJECT COST
SITE INFORMATION
$7,034,475 $6,699,500
Construction Contingency
Development Feasibility
$1,128,950
$7,034,475
Unit
1644
$9,160.00
232
$6,000.00
Subtotal GST (Margin Scheme/ Unit sales)
$15,059,040 $1,392,000 $16,451,040 $1,131,913
Leasable Retail
$0
GST (Management Rights Sale)
$0
Total Sales
$15,319,127
12. PROFIT Gross Costs
$13,359,553
Revenue Less GST
$15,319,127
Gross Profit
$1,959,574
$6,699,500
Construction Contingency
5.00%
$334,975 $7,034,475
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
$13,359,553 $13,033,710
Development Contingency
2.50%
$325,843 $13,359,553
Total Project Cost
ASSIGNMENT 11. INCOME2.1 | FEASIBILITY 1.0_ST GEORGES RD
$15,319,127
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL Area (sqm)
Unit
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. Breathe do NOT verify their accuracy. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
15.0%
A2.3 FEASIBILITY 1.0_ URBAN MOMENTS 279 ST. GEORGES ROAD, NORTHCOTE
ASSIGNMENT 2.3 | FEASIBILITY 1.0_URBAN MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
COMMUNITY RESOURCE MOMENT 1
ASSIGNMENT 2.3 | FEASIBILITY 1.0_URBAN MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
INFORMAL CONNECTIONS MOMENT 2
ASSIGNMENT 2.3 | FEASIBILITY 1.0_URBAN MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
URBAN LINKS MOMENT 3
ASSIGNMENT 2.3 | FEASIBILITY 1.0_URBAN MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A3.1_ FEASIBILITY 2.0 60 MUNDY STREET, BENDIGO 3550
GSEducationalVersion GSPublisherVersion 11.0.60.100
tionalVersion herVersion 14.0.55.100
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL GSEducationalVersion GSPublisherVersion 13.0.55.100
SITE DETAILS 60-62 MUNDY STREET, BENDIGO VIC 3550
R YE
ET
RE
ST
M
TI
EN
SITE METRICS Land Area
EY
1012m2 $1,000,000
Existing Function
Jack Charlton Factory
Frontages
North East 25m South East 41m
AL
CI
EY
ID ES
R
1
ER
OR ST
M CO
AL
CI
M
C VA
T AN
M CO
DY ST ET
M CO
RE
ER
Y
m
2
E OR ST
25
2 street frontages Superb convenient location Walk to CBD, Shops and Marketplace Shopping Centre Close to Railway Station, Arts Precinct, Restaurants, Cafes Schools and Medical Facilities close by Cleared parcel of residential land in such a central location
AL
CI
M
KEY ADVANTAGES • • • • • •
ER
UN
M
Land Sale Price
1
OR ST
ER
M
AL
AL
CI
M
2
E OR ST
Y
M CO
m
41
ET
RE
N
SO
RI
OR
ST
M
L
TIA
EN
EY
1:500 @ A3
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
1
OR ST
RE
SID
SITE DETAILS 60-62 MUNDY STREET, BENDIGO VIC 3550 LOCAL AMENITY Bus Route
150m
Train Station
700m
CBD
150m
Dense Retail The Mall The Market Place
650m 850m
Rosiland Park
1km
NE
M
NTS
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
UR
BO
EL
PLANNING SITE ZONING
C1Z_ Commercial Zone
DDO_ Design and Development
GRZ_ General Residential Zone
PO1_Parking Overlay
MUZ_ Mixed Use Zone
NCO_Neighbourhood Character Overlay
PPRZ_Public Park Recreation PUZ_ Public Use Zone
1:2000 @ A3
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
HO_ Heritage Overlay
PLANNING RESTRICTIONS INFORMAL CONNECTIONS
GRZ_ GENERAL RESIDENTIAL ZONE
To encourage a diversity of housing types and housing growth particularly in locations offering good access to services and transport. • Properties over 650m2 require at least 25% garden space
PO1_PARKING OVERLAY
The parking overlay may be removed considering whether the overall benefits of the development would outweigh the need to provide the full number of on-site parking spaces and make a more efficient use of the land. • Whether a range of sustainable transport initiatives have been adopted including, but not limited to: • If a range of sustainable transport initiatives can be incorporated into the development.
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PLANNING HEIGHT RESTRICTIONS
DDO_ DESIGN AND DEVELOPMENT To allow for increased development densities while ensuring buildings fit Bendigo’s character and protect the amenity of public spaces. To promote active frontages and public spaces. H3 Restriction: • Building height limit of 12 metres.
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
MEDIAN MARKET PRICE LOCAL PROPERTY RESEARCH
EXISTING MARKET RESEARCH 4/13 Mitchell Street, Bendigo $550,000 2 Bed, 1 bath 160M2 = $3,438m2
PROSPECTIVE MARKET RESEARCH 6/10 Carnegie Way, Bendigo $750,000 3 bed, 1 bath 230m2 = $3,000m2
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
MARKET COURTYARD OPTION 1
METRICS Land Cost $1,000,000 Return 15% Project Cost $10,188,949 Gross Profit $1,494,469 Apartment / m2 $7,120 = $498,400 (2BED) Bendigo = $550,000 No. Apartments 2 Bed - 15 3 Bed - 3 Total - 18
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
MARKET COURTYARD
MUNDY STREET
OPTION 1_ GROUND FLOOR
CIRC. DECK
COMMERCIAL
478
STAIRS
m2
10 m2
LIFT
COMMERCIAL
10 m2
29 m2
39m 2
COMMERCIAL
COMMERCIAL
57 m 2
34 m2
COMMERCIAL
COMMERCIAL
56 m2
COMMERCIAL 65 m2
BOH 99 m2
CIRC. 15 m2
COMMERCIAL 50 m2
STAIRS 10 m2
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
GSEducationalVersion GSPublisherVersion 12.0.56.100
LIFT 10 m2
MORRISON STREET
65 m2
MARKET COURTYARD
MUNDY STREET
OPTION 1_FIRST FLOOR
DECK 26 m2
STAIRS 10 m2
LIFT
10
COMMERCIAL
m2
29 m2
2BR 71 m2
8 m2
2BR
DECK
71 m2
19 m2
CIRC. 5 m2
DECK 19 m2
CIRC.
CIRC.
8 m2
5 m2
DECK 25 m2
8
71 m2
m2
2BR 71 m2
MORRISON STREET
CIRC.
2BR
DECK 9m2
71 m2
CIRC.
2BR
3BR
15 m2
99 m2
DECK 13 m2
STAIRS 10 m2
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
GSEducationalVersion GSPublisherVersion 12.0.56.100
LIFT 10
m2
MARKET COURTYARD
MUNDY STREET
OPTION 1_ SECOND & THIRD FLOOR
DECK 13m2
STAIRS 10 m2
LIFT 10 m2
COMMUNAL ROOFTOP 29 m2
2BR 71
CIRC.
m2
29 m2
2BR 71 m2
DECK 25 m2
71 m2
DECK
71 m2
10m2
MORRISON STREET
2BR
2BR
DECK 15m2
2BR 71 m2
CIRC.
3BR
27 m2
99 m2
DECK 13 m2
STAIRS 10 m2
GSEducationalVersion GSPublisherVersion 12.0.56.100
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
LIFT 10
m2
TERRACE FRONTAGE OPTION 2
METRICS Land Cost $1,000,000 Return 15% Project Cost $7,617,967 Gross Profit $1,112,579 Apartment / m2 $7,445 = $521,150 (2BED) Bendigo = $550,000 No. Apartments 1 Bed - 2 2 Bed - 10 3 Bed - 4 Total - 16
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO GSPublisherVersion 11.0.59.100 THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL GSEducationalVersion
TERRACE FRONTAGE
MUNDY STREET
OPTION 2_GROUND FLOOR
8 m2
9 m2
DECK
10 m2
DECK
DECK
COMMERCIAL 46 m2
2BR 45 m2
2BR 45 m2
3BR 59 m 2
COMMERCIAL
COMMERCIAL 49 m2
41 m2
STAIRS CIRC.
9 m2
COMMERCIAL 36 m2
LIFT 10 m2
COMMERCIAL BOH
MORRISON STREET
50
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
COMMERCIAL 60 m2
GSEducationalVersion GSPublisherVersion 12.0.56.100
29 m2
m2
COMMERCIAL 26 m2
MORRISON STREET
11 m2
MUNDY STREET
TERRACE FRONTAGE
MUNDY STREET
OPTION 2_FIRST FLOOR
2BR
2BR
DECK
DECK
45 m2
9 m2
DECK 13 m2
3BR
45 m2
45 m2
DECK
9 m2
9 m2
1BR 51 m2
2BR 67 m2
STAIRS CIRC. 11 m2
LIFT 10 m2
DECK 25 m2
1BR 47 m2
2BR 77 m2
COMMUNAL ROOFTOP 60 m2
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
GSEducationalVersion GSPublisherVersion 12.0.56.100
DECK 9 m2
MORRISON STREET
11 m2
TERRACE FRONTAGE OPTION 2_SECOND & THIRD FLOOR
MUNDY STREET
3BR
101 m2
DECK 13 m2
STAIRS CIRC.
11 m2
LIFT 10 m2
2BR 66 m2
2BR 74 m2
DECK 11 m2
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
DECK 10 m2
MORRISON STREET
11 m2
THE COMMUNITY OPTION 3
METRICS Land Cost $1,000,000 Return 15% Project Cost $7,184,692 Gross Profit $1,050,317 Apartment / m2 $7,455 = $521,850 (2BED) Bendigo = $550,000 No. Apartments 2 Bed - 9 3 Bed - 3 Total - 12
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
THE COMMUNITY OPTION 3_GROUND FLOOR
MUNDY STREET
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
MORRISON STREET
MORRISON STREET
MUNDY STREET
THE COMMUNITY
MUNDY STREET
OPTION 3_FIRST FLOOR
DECK 12m2
2BR
2BR
40 m2
40 m2
CIRC.
2BR
4m2
72m2
STAIRS 11m2
DECK
DECK 8 m2
8 m2
STAIRS 10m2
3BR 49 m2
DECK 8 m2
CIRC. 7m2
3BR
DECK 8 m2
MORRISON STREET
49 m2
DECK 8 m2
2BR 40 m2
STAIRS 10 m2
LIFT
10 m2
2BR
DECK
2BR
DECK
40 m2
40 m2
1:200 @ A3 ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
GSEducationalVersion GSPublisherVersion 12.0.56.100
8 m2
8 m2
THE COMMUNITY
MUNDY STREET
OPTION 3_SECOND FLOOR
STAIRS 10m2
3BR 137m2
DECK 8 m2
CIRC. 7m2
DECK
MORRISON STREET
8 m2
DECK 8 m2
2BR 40 m2
STAIRS 10 m2
LIFT
10 m2
2BR
DECK
2BR
DECK
40 m2
8 m2
CIRC. 13
m2
40 m2
1:200 @ A3 GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
8 m2
THE COMMUNITY
MORRISON STREET
MUNDY STREET
OPTION 3_THIRD FLOOR
DECK 8 m2
2BR 40 m2
STAIRS 10 m2
LIFT
10 m2
2BR
DECK
2BR
DECK
40 m2
8 m2
CIRC. 13
m2
40 m2
1:200 @ A3 GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
8 m2
- no stampduty payable by Nightingale) Subtotal
MARKET COURTYARD
$1,050,000
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
OPTION 1
Development Feasibility
11/08/2018
Nightingale Night School Template
OPTION 1
$271,116
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$55,754
7. INTEREST
$246,372
9. CONSTRUCTION
5% Contingency
Construction Budget
TOTAL m2
$ / metre
1012
$1,185
5.00%
$1,050,000
Land Purchase
$1,000,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
5.0%
2.5% Contingency
Subtotal (Items 1 — 9) 2.50%
!
Total Project Cost
$0 $1,050,000
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
$271,116
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$55,754
7. INTEREST
$246,372
9. CONSTRUCTION
5% Contingency
Construction Budget
$6,918,030 $6,588,600
Construction Contingency
5.00%
$329,430 $6,918,030
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
11. INCOME
$1,058,130
$9,895,763
Area (sqm) Total Apartment NSA Total Retail NSA Ground
2.50%
$241,360 $9,895,763
Total Project Cost
Unit $9,676,080
450
$6,000.00
$2,700,000
Subtotal GST (Margin Scheme/ Unit sales) Leasable Retail GST (Management Rights Sale) Total Sales
$11,341,891
Area (sqm)
Unit
$12,376,080 $1,034,189 $0 $0 $11,341,891
12. PROFIT Gross Costs Revenue Less GST Gross Profit
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
$11,341,891
$7,120.00
Breathe do NOT verify their accuracy.
11. INCOME ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO
$241,360 $9,895,763
1359
$9,654,403
Development Contingency
$9,895,763 $9,654,403
Development Contingency
- no stampduty payable by Nightingale) Subtotal
$329,430 $6,918,030
Subtotal
10. TOTAL PROJECT COST
1. LAND / ACQUISITION
$6,918,030 $6,588,600
Construction Contingency
SITE INFORMATION
$1,058,130
$9,895,763 $11,341,891 $1,446,128
15.0%
- no stampduty payable by Nightingale) Subtotal
TERRACE FRONTAGE
$1,050,000
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
OPTION 2
Development Feasibility
11/08/2018
Nightingale Night School Template
OPTION 2
$264,655
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$49,614
7. INTEREST
$173,482
9. CONSTRUCTION
5% Contingency
Construction Budget
TOTAL m2
$ / metre
1012
$1,186
5.00%
$1,050,000
Land Purchase
$1,000,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
5.0%
2.5% Contingency
Subtotal (Items 1 — 9) 2.50%
!
Total Project Cost
$0 $1,050,000
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY 4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$49,614
7. INTEREST
$173,482
9. CONSTRUCTION
5% Contingency
Construction Budget
$4,871,313 $4,639,346
Construction Contingency
5.00%
$231,967 $4,871,313
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
11. INCOME
$751,972 $264,655
$7,396,438
Area (sqm) Total Apartment NSA Total Retail NSA Ground
2.50%
$180,401 $7,396,438
Total Project Cost
Unit $7,504,560
287
$6,000.00
$1,722,000
Subtotal GST (Margin Scheme/ Unit sales) Leasable Retail GST (Management Rights Sale) Total Sales
$8,478,691
Area (sqm)
Unit
$9,226,560 $747,869 $0 $0 $8,478,691
12. PROFIT Gross Costs
$7,396,438
Revenue Less GST
$8,478,691
Gross Profit
$1,082,253
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
$8,478,691
$7,445.00
Breathe do NOT verify their accuracy.
11. INCOME 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO ASSIGNMENT
$180,401 $7,396,438
1008
$7,216,037
Development Contingency
$7,396,438 $7,216,037
Development Contingency
- no stampduty payable by Nightingale) Subtotal
$231,967 $4,871,313
Subtotal
10. TOTAL PROJECT COST
1. LAND / ACQUISITION
$4,871,313 $4,639,346
Construction Contingency
SITE INFORMATION
$751,972
15.0%
- no stampduty payable by Nightingale) Subtotal
THE COMMUNITY
$1,050,000
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY
OPTION 3
Development Feasibility
11/08/2018
Nightingale Night School Template
OPTION 3
$262,715
4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$49,097
7. INTEREST
$167,350
9. CONSTRUCTION
5% Contingency
Construction Budget
TOTAL m2
$ / metre
1012
$1,186
5.00%
$1,050,000
Land Purchase
$1,000,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
5.0%
2.5% Contingency
Subtotal (Items 1 — 9) 2.50%
!
Total Project Cost
$0 $1,050,000
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY 4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$49,097
7. INTEREST
$167,350
9. CONSTRUCTION
5% Contingency
Construction Budget
$4,699,118 $4,475,350
Construction Contingency
5.00%
$223,768 $4,699,118
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
11. INCOME
$726,175 $262,715
$7,184,692
Area (sqm) Total Apartment NSA Total Retail NSA Ground
2.50%
$175,236 $7,184,692
Total Project Cost
$7,455.00
99
$6,000.00
Subtotal GST (Margin Scheme/ Unit sales) Leasable Retail GST (Management Rights Sale) Total Sales
$8,235,009
Area (sqm)
Unit
$8,364,510 $594,000 $8,958,510 $723,501 $0 $0 $8,235,009
Gross Costs
$7,184,692
Revenue Less GST
$8,235,009
Gross Profit
$1,050,317
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
$8,235,009
12. PROFIT
Breathe do NOT verify their accuracy.
11. INCOME ASSIGNMENT 3.1 | FEASIBILITY 2.0_MUNDY ST, BENDIGO
$175,236 $7,184,692
Unit
1122
$7,009,455
Development Contingency
$7,184,692 $7,009,455
Development Contingency
- no stampduty payable by Nightingale) Subtotal
$223,768 $4,699,118
Subtotal
10. TOTAL PROJECT COST
1. LAND / ACQUISITION
$4,699,118 $4,475,350
Construction Contingency
SITE INFORMATION
$726,175
15.0%
A3.2 QUALITY: ARCHITECTURE FEASIBILITY 2.0_ 60 MUNDY STREET, BENDIGO
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ARCHITECTURE MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
TERRACE FRONTAGE
MUNDY STREET
OPTION 2
8 m2
9 m2
DECK
10 m2
DECK
DECK
COMMERCIAL 46 m2
2BR 45 m2
2BR 45 m2
3BR 59 m 2
Return: 15% Project Cost: $7,617,967 Gross Profit: $1,112,579
49 m2
Apartment / m2 $7,445 = $521,150 (2BED) Bendigo = $550,000
11 m2
CIRC.
9 m2
COMMERCIAL 36 m2
LIFT 10 m2
BOH
29 m2
50 m2
COMMERCIAL 60 m2
1:200 @ A3
GSEducationalVersion GSPublisherVersion 12.0.56.100
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
STAIRS
COMMERCIAL
No. Apartments 1 Bed - 2 2 Bed - 10 3 Bed - 4 Total - 16
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ARCHITECTURE MOMENTS
41 m2
COMMERCIAL 26 m2
MORRISON STREET
Land Cost: $1,000,000
COMMERCIAL
COMMERCIAL
METRICS
CONTEXT AND CHARACTER ARCHITECTURAL MOMENT 1
GSEducationalVersion GSPublisherVersion 12.0.56.100
MUNDY STREET
MORRISON STREET
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ARCHITECTURE MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
SHELTER AND THRESHOLD ARCHITECTURAL MOMENT 2
GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ARCHITECTURE MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
ACTIVITY AND SURVEILLANCE ARCHITECTURAL MOMENT 3
GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ARCHITECTURE MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A3.3 QUALITY: ESD SYSTEMS FEASIBILITY 2.0_ 60 MUNDY STREET, BENDIGO
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ESD SYSTEMS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
CRADLE TO GRAVE ESD SYSTEM 1
DECONSTRUCTION
RECONSTRUCTION
GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ESD SYSTEMS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
COLLECTION AND REUSE ESD STRATEGY 2
GREY WATER COLLECTION
SUB-SURFACE EMITTERS
SURGE TANK OVERFLOW TO SEWER
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ESD SYSTEMS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PUMP
COLLECTION AND REUSE ESD STRATEGY 2
GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ESD SYSTEMS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
END OF TRIP ESD STRATEGY 3
GSEducationalVersion GSPublisherVersion 12.0.56.100
ASSIGNMENT 3.2 | FEASIBILITY 2.0_ ESD SYSTEMS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A4.0_ FEASIBILITY 3.0 45 ABBOTT STREET, BENDIGO
GSEducationalVersion GSPublisherVersion 18.0.50.100
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
SITE DETAILS 45 ABBOTT STREET, BENDIGO VIC 3550 EARL Y CENT LEARNING RE
2 STO RE RESID Y ENTIAL
SITE METRICS
Existing Function
2 bed residence
Frontages
43m East 42m West
GRAV EL HI LL MAR KETS
14m
KEY ADVANTAGES Short stroll from all CBD facilities. With shopping, cafe strips and recreational facilities all within close proximity, this property is certain to be popular with a variety of different buyer groups.
1:1000 @ A3
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
REET
$350,000
43m
Land Sale Price
ABBO TT ST
685m2
42m
Land Area
19m
2 STO RE RESID Y ENTIAL
1 STO RE RESID Y ENTIAL
1 STO
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SIDEN
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SITE DETAILS 45 ABBOTT STREET, BENDIGO VIC 3550 LOCAL AMENITY Bus Route
350m
Train Station
1.1km
CBD
800m
The Mall The Market Place
1.4km 1.2km
Rosiland Park
1.5km
NE
M
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THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
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DESIGN AND DEVELOPMENT OVERLAY
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
W
M
LIA
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Design And Development Overlay Schedule 20
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PLANNING SITE ZONING
SUZ_ Special Use Zone
HO5_ Heritage Overlay
PUZ_Public Use Zone
NCO_Neighbourhood Character Overlay
GRZ_ General Residential Zone PPRZ_Public Park Recreation ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
LSIO_Land Subject to Inundation
1:1000 @ A3
PLANNING SITE RESTRICTIONS GRZ_ General Residential Zone NO SPECIFIC RESTRICTIONS
• To encourage development that respects the neighbourhood character of the area. • To encourage a diversity of housing types and housing growth particularly in locations offering good access to services and transport. • To allow educational, recreational, religious, community and a limited range of other non- residential uses to serve local community needs in appropriate locations.
HO5_Heritage Overlay 5 NO SPECIFIC RESTRICTIONS
• To conserve and enhance those elements which contribute to the significance of heritage places. • To ensure that development does not adversely affect the significance of heritage places.
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
PLANNING HERITAGE NEIGHBOURHOOD
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
45 ABBOTT
EAST
SOUTH
NORTH
MARKET COMPARISON LOCAL PROPERTY RESEARCH_ TERRACE HOUSE RECENTLY SOLD 63 Mundy Street, Bendigo VIC 3550 $411,000 Sold 30th January 2018 2 bed, 1 bath Total Site Area = 112m2 = $3,669m2
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
MARKET COMPARISON LOCAL PROPERTY RESEARCH_RETAIL RETAIL FOR SALE 21 Queen Street, Bendigo VIC 3550 $599,000 Total Site Area = 190m2 = $3,153m2 Allowance for distance from CBD = $3,000m2
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
TERRACED STREET OPTION 1
METRICS Land Cost $350,000 Return 15% Project Cost $4,434,711 Gross Profit $647,607 Apartment / m2 $4,810 (Bendigo $3,669) No. Apartments 2 Bed - 5 3 Bed - 4 Total - 9
GSEducationalVersion
GSPublisherVersion 18.0.50.100 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
TERRACED STREET
2m
OPTION 1_ GROUND FLOOR
10m
2m
5.2m
14m
3BR
Deck 16m2
53m2
4.2m
2BR
Deck 13m2
43m2
2BR
Deck 13m2
43m2
2BR
Deck 13m2
2BR
42.6m
43m2
2BR
43m2
3BR
53m2
3BR
53m2
3BR
53m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Deck 13m2
Deck 13m2
Deck 16m2
Deck 16m2
Deck 16m2
ABBOTT STREET
BENDIG
O TRAIN
LINE
43m2
TERRACED STREET
2m
OPTION 1_FIRST FLOOR
10m
2m
5.2m
14m
Deck 16m2
3BR
4.2m
53m2
2BR
Deck 13m2
43m2
2BR
Deck 13m2
43m2
2BR
Deck 13m2
2BR
42.6m
43m2
2BR
43m2
3BR
53m2
3BR
53m2
3BR
53m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Deck 13m2
Deck 13m2
Deck 16m2
Deck 16m2
Deck 16m2
ABBOTT STREET
BENDIG
O TRAIN
LINE
43m2
TERRACED STREET
2m
3m
4m
OPTION 1_ SECOND FLOOR
4.2m
21m2
2BR
Deck 13m2
17m2
2BR
17m2
2BR
BENDIG
Deck 13m2
Deck 16m2
Deck 16m2
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
2BR
Deck 13m2
Deck 16m2
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
17m2
17m2
42.6m
O TRAIN
LINE
Deck 13m2
2BR
17m2
3BR
21m2
3BR
21m2
3BR
21m2
ABBOTT STREET
5.2m
3BR
Deck 16m2
Deck 13m2
1:200 @ A3
5m
14m
TERRACED STREET OPTION 1_ LONG SECTION: ABBOTT STREET
3000 3BR
3BR
3BR
2BR
2BR
2BR
2BR
2BR
3BR
3000 3000
1:200 @ A3 ABBOTT STREET
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
CENTRAL YARD OPTION 2
METRICS Land Cost $350,000 Return 15% Project Cost $4,123,198 Gross Profit $603,584 Apartment / m2 $4,985 (Bendigo $3,669) No. Apartments 2 Bed - 4 3 Bed - 4 Total - 8 GSEducationalVersion GSPublisherVersion 18.0.50.100
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
CENTRAL YARD
4.2m
OPTION 2_GROUND FLOOR
4.2m
5.2m
1.8m
14m Deck 10m2
Deck 10m2
2BR
Deck 12m2
2BR
43m2
3BR
43m2
BENDIG
2BR
5m
43m2
3BR
3BR
53m2
3BR
53m2
3.2m
5m
53m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Deck 15m2
Deck 15m2
Deck 15m2
Deck 8m2
Deck 10m2
ABBOT T STREET
2BR
43m2
42.6m
O TRAIN
8.5m
LINE
4m
10.2m
53m2
CENTRAL YARD
4.2m
OPTION 2_FIRST FLOOR
4.2m
5.2m
1.8m
14m
2BR
2BR
43m2
3BR
43m2
BENDIG
2BR
5m
43m2
3BR
3.2m
5m
53m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3BR
53m2
3BR
53m2
ABBOT T STREET
2BR
43m2
42.6m
O TRAIN
8.5m
LINE
4m
10.2m
53m2
CENTRAL YARD
4.2m
4.2m
OPTION 2_SECOND FLOOR
5.2m
4m
4.6m
14m
2BR
2BR
3m
17m2
3BR
17m2
Deck 13m2
21m2
Deck 13m2
4m
Deck 16m2
LINE
Deck 13m2
2BR
ABBOT T STREET
42.6m
O TRAIN
8.5m
17m2
2BR
17m2
5m
BENDIG
Deck 13m2
Deck 16m2
Deck 15m2
7.1m
Deck 16m2
3BR
6.2m
21m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3BR
21m2
3BR
21m2
CENTRAL YARD OPTION 2_ LONG SECTION: ABBOTT STREET
3000 3BR
2BR
2BR
ABBOTT STREET
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3000 3000
1:200 @ A3
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
3BR
THE ALLLEY OPTION 3
METRICS Land Cost $350,000 Return 15% Project Cost $4,829,929 Gross Profit $704,617 Apartment / m2 $4,780 (Bendigo $3,669) No. Apartments 2 Bed - 5 3 Bed - 3 Total - 8
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
THE ALLEY
2.4m
10m
OPTION 3_GROUND FLOOR
1.3m
5.2m
14m
3BR
Deck 6m2
4.2m
53m2
2BR
Deck 6m2
43m2
3BR
Deck 7m2
53m2
2BR
Deck 6m2
2BR
Deck 6m2
5m
8.5m
BENDIG
43m2
Deck 9m2
2BR
2BR
43m2
Deck 11m2
3BR
53m2
COMMERCIAL
26m2
7.1m
43m2
Deck 9m2
6.2m
BOH 14m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
ABBOT T STREET
O TRAIN
LINE
42.6m
43m2
THE ALLEY
2.4m
OPTION 3_FIRST FLOOR
10m
1.3m
5.2m
14m
3BR
4.2m
53m2
2BR
43m2
3BR
53m2
2BR
2BR
5m
8.5m
BENDIG
43m2
2BR
6.2m
7.1m
43m2
1:200 @ A3 ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
2BR
43m2
3BR
53m2
ABBOT T STREET
O TRAIN
LINE
42.6m
43m2
THE ALLEY
2.4m
10m
OPTION 3_SECOND FLOOR 5.2m
3BR
Deck 16m2
4.2m
Deck 13m2
Deck 16m2
37m2
2BR
30m2
3BR
37m2
2BR
30m2
2BR
30m2
5m
8.5m
BENDIG
Deck 13m2
Deck 13m2
Deck 16m2
7.1m
Deck 13m2
2BR
30m2
2BR
6.2m
30m2
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3BR
37m2
ABBOT T STREET
O TRAIN
LINE
42.6m
Deck 13m2
1:200 @ A3
1.3m
14m
THE ALLEY OPTION 3_ LONG SECTION: ABBOTT STREET
3000 3BR BOH
2BR
ABBOTT STREET
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3BR
2BR
3BR
3000 3000
COMMERCIAL
1:200 @ A3
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
2BR
FEASIBILITY SUMMARY 3 OPTIONS
FEASO 2.0: $7,120M2
(Bendigo $3,669m2)
METRICS
METRICS
METRICS
GSEducationalVersion GSPublisherVersion 18.0.50.100
Land Cost $350,000
Apartment / m2 $4,810
Land Cost $350,000
Apartment / m2 $4,985
Land Cost $350,000
Apartment / m2 $4,780
Return 15%
No. Apartments 2 Bed - 5 3 Bed - 4 Total - 9
Return 15%
No. Apartments 2 Bed - 4 3 Bed - 4 Total - 8
Return 15%
No. Apartments 2 Bed - 5 3 Bed - 3 Total - 8
Project Cost $4,434,711
Project Cost $4,123,198
Project Cost $4,829,929
Gross Profit $647,607
Gross Profit $603,584
Gross Profit $704,617
• Maximum site coverage • Higher levels set back from street • No street amenity or public offering
• • • •
• • • •
ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Site permeability Street setback Shared backyard Semi public, semi private and private outdoor space
Commercial facilities Shared backyard Overlapping thresholds Opportunities for interaction
- no stampduty payable by Nightingale) Subtotal
TERRACED STREET
$400,000
2. CONSULTANTS 3. PERMITS / AUTHORITY / STATUTORY
OPTION 1
4. HOLDING COSTS
Area
Rate
1155
1,800
0
1,000
14.4% Cons. Cost
Apt NSA Basement Circ/BOH
1,760
Comm 5. SELLING COSTS 6. FINANCE
Development Feasibility
18/08/2018
Nightingale Night School Template
OPTION 1
SITE INFORMATION
TOTAL m2
$ / metre
685
$511
$400,000
Land Purchase
$350,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
0
1,750
$0
1,000
$37,000 $209,000
Landscape (Inc Rooftop)
140
1,100
Total GFA
1504
9. CONSTRUCTION
Enviro
5% Contingency
Construction Budget
Rock
5.0%
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY 4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$44,110
7. INTEREST
$108,143
9. CONSTRUCTION
5% Contingency
Construction Budget
$3,036,600 $2,892,000
Construction Contingency
5.00%
$144,600 $3,036,600
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
$4,434,711
2.50%
$108,164 $4,434,711
Total Project Cost
Subtotal (Items 1 — 9) 2.50%
!
Total Project Cost
11. INCOME
Area (sqm) Total Apartment NSA Total Retail NSA Ground
$5,082,318
Area (sqm)
Unit
$108,164 $4,434,711
$5,082,318
Unit
1155
$4,810.00
0
$3,000.00
Subtotal GST (Margin Scheme/ Unit sales) Leasable Retail GST (Management Rights Sale) Total Sales
$5,555,550 $0 $5,555,550 $473,232 $0 $0 $5,082,318
12. PROFIT Gross Costs
$4,434,711
Revenue Less GST
$5,082,318
Gross Profit
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
$4,434,711 $4,326,547
Development Contingency
Breathe do NOT verify their accuracy.
11. INCOME ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
$144,600$0
$2,892,000 2.5% Contingency
$4,326,547
Development Contingency
$3,036,600 $300,000
$3,036,600
Subtotal
$465,910 $216,784
$108,143
5.00%
$0 $400,000
$154,000
$44,110
$150,000 $2,892,000
Ground Floor Lift Lobby
- no stampduty payable by Nightingale) Subtotal
$0
$18,000$0
209
10. TOTAL PROJECT COST
1. LAND / ACQUISITION
$216,784
Deck
7. INTEREST
Construction Contingency
Total
$465,910
$2,079,000
$647,607
15.0%
- no stampduty payable by Nightingale) Subtotal
CENTRAL YARD
$400,000
2. CONSULTANTS 3. PERMITS / AUTHORITY / STATUTORY
OPTION 2
4. HOLDING COSTS
Area
Rate
1036
1,800
0
1,000
14.4% Cons. Cost
Apt NSA Basement Circ/BOH
1,760
Comm 5. SELLING COSTS 6. FINANCE
Development Feasibility
18/08/2018
Nightingale Night School Template
OPTION 2
TOTAL m2
$ / metre
685
$511
Landscape (Inc Rooftop)
$400,000
Land Purchase
$350,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
5.0%
1,750
$0
1,000
$37,000 $80,000
231
1,100
1347
9. CONSTRUCTION
Enviro
5% Contingency
Construction Budget
Rock
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY 4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$43,344
7. INTEREST
$99,052
9. CONSTRUCTION
5% Contingency
Construction Budget
$2,781,345 $2,648,900
Construction Contingency
5.00%
$132,445 $2,781,345
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
$4,123,198
2.50%
$100,566 $4,123,198
Total Project Cost
Subtotal (Items 1 — 9) 2.50%
!
Total Project Cost
11. INCOME
Area (sqm) Total Apartment NSA Total Retail NSA Ground
$4,726,782
Area (sqm)
Unit
$100,566 $4,123,198
$4,726,782
Unit
1036
$4,985.00
0
$3,000.00
Subtotal GST (Margin Scheme/ Unit sales) Leasable Retail GST (Management Rights Sale) Total Sales
$5,164,460 $0 $5,164,460 $437,678 $0 $0 $4,726,782
12. PROFIT Gross Costs
$4,123,198
Revenue Less GST
$4,726,782
Gross Profit
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
$4,123,198 $4,022,632
Development Contingency
Breathe do NOT verify their accuracy.
11. INCOME 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO ASSIGNMENT
$132,445$0
$2,648,900 2.5% Contingency
$4,022,632
Development Contingency
$2,781,345 $300,000
$2,781,345
Subtotal
$427,750 $216,141
$99,052
5.00%
$0 $400,000
$254,100
$43,344
$150,000 $2,648,900
Ground Floor Lift Lobby
- no stampduty payable by Nightingale) Subtotal
$0
$18,000$0
0
Total GFA
10. TOTAL PROJECT COST
1. LAND / ACQUISITION
$216,141
80
7. INTEREST
Construction Contingency
SITE INFORMATION
Deck
Total
$427,750
$1,864,800
$603,584
15.0%
- no stampduty payable by Nightingale) Subtotal
THE ALLEY
$400,000
Area
Rate
1250
1,800
Basement
0
1,000
Circ/BOH
14
1,760
2. CONSULTANTS 3. PERMITS / AUTHORITY / STATUTORY
OPTION 3
4. HOLDING COSTS
14.4% Cons. Cost
Apt NSA
Comm 5. SELLING COSTS 6. FINANCE
Development Feasibility
18/08/2018
Nightingale Night School Template
OPTION 3
SITE INFORMATION
TOTAL m2
$ / metre
685
$511
$400,000
Land Purchase
$350,000
Legal on Land Purchase
$50,000
Stamp Duty (Landholder to transfer title directly to residents
26
1,750
$45,500
1,000
$37,000 $187,000
Landscape (Inc Rooftop)
221
1,100
Total GFA
1698
9. CONSTRUCTION
Enviro
5% Contingency
Construction Budget
Rock
5.0%
2. CONSULTANTS
14.4% Cons. Cost
3. PERMITS / AUTHORITY / STATUTORY 4. HOLDING COSTS
$18,000
5. SELLING COSTS
$37,000
6. FINANCE
$45,081
7. INTEREST
$119,669
9. CONSTRUCTION
5% Contingency
Construction Budget
$3,360,252 $3,200,240
Construction Contingency
5.00%
$160,012 $3,360,252
Subtotal
10. TOTAL PROJECT COST
2.5% Contingency
Subtotal (Items 1 — 9)
$4,829,929
2.50%
$117,803 $4,829,929
Total Project Cost
Subtotal (Items 1 — 9) 2.50%
!
Total Project Cost
11. INCOME
Area (sqm) Total Apartment NSA Total Retail NSA Ground
$5,534,545
Area (sqm)
Unit
$117,803 $4,829,929
$5,534,545
Unit
1250
$4,780.00
26
$3,000.00
Subtotal GST (Margin Scheme/ Unit sales) Leasable Retail GST (Management Rights Sale) Total Sales
$5,975,000 $78,000 $6,053,000 $518,455 $0 $0 $5,534,545
12. PROFIT Gross Costs
$4,829,929
Revenue Less GST
$5,534,545
Gross Profit
Return on Cost
DISCLAIMER: This feasibility spreadsheet has been adapted from previous examples. Indicative figures have been used only. It remains the sole responsibility of the developer to verify these costs with their own cost consultants.
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
$4,829,929 $4,712,126
Development Contingency
Breathe do NOT verify their accuracy.
11. INCOME ASSIGNMENT 4.1 | FEASIBILITY 3.0_ ABBOTT ST BENDIGO
$160,012$0
$3,200,240 2.5% Contingency
$4,712,126
Development Contingency
$3,360,252 $300,000
$3,360,252
Subtotal
$514,316 $217,808
$119,669
5.00%
$0 $400,000
$243,100
$45,081
$150,000 $3,200,240
Ground Floor Lift Lobby
- no stampduty payable by Nightingale) Subtotal
$0
$24,640 $18,000
187
10. TOTAL PROJECT COST
1. LAND / ACQUISITION
$217,808
Deck
7. INTEREST
Construction Contingency
Total
$514,316
$2,250,000
$704,617
15.0%
A4.2 QUALITY: SOCIAL FEASIBILITY 3.0_ 45 ABBOTT STREET, BENDIGO
ASSIGNMENT 4.2 | FEASIBILITY 3.0_ SOCIAL MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
THE ALLEY
2.4m
10m
OPTION 2
1.3m
5.2m
14m
3BR
Deck 6m2
4.2m
53m2
2BR
Deck 6m2
43m2
3BR
Deck 7m2
53m2
2BR
No. Apartments 2 Bed - 5 3 Bed - 3 Total - 8
Project Cost $4,829,929
Deck 9m2
2BR
43m2
Gross Profit $704,617
6.2m
1:200 @ A3
THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Deck 9m2
2BR
43m2
Deck 11m2
3BR
53m2
COMMERCIAL
26m2
BOH 14m2
• Commercial facilities • Shared backyard • Overlapping thresholds
ASSIGNMENT 4.2 | FEASIBILITY 3.0_ SOCIAL MOMENTS
13.5m
Return 15%
7.1m
Apartment / m2 $4,780
Deck 6m2
ABBOT T STREET
LINE O TRAIN
Land Cost $350,000
2BR
43m2
BENDIG
METRICS
Deck 6m2
42.6m
43m2
MULTI THRESHOLD SOCIAL MOMENT 1
ASSIGNMENT 4.2 | FEASIBILITY 3.0_ SOCIAL MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
BACKYARD SHARING SOCIAL MOMENT 2
ASSIGNMENT 4.2 | FEASIBILITY 3.0_ SOCIAL MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
MAIL AND STORE SOCIAL MOMENT 3
ASSIGNMENT 4.2 | FEASIBILITY 3.0_ SOCIAL MOMENTS THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
A4.3 QUALITY: INTERIORS & DETAILING FEASIBILITY 3.0_ 45 ABBOTT STREET, BENDIGO
ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3 BED TOWNHOUSE 3
2.4m
10m
OPTION 3 ENVELOPE
1.3m
5.2m
14m
3BR
Deck 6m2
4.2m
53m2
2BR
Deck 6m2
43m2
3BR
Deck 7m2
53m2
2BR
13.5m
BENDIG
2BR
43m2
1:200 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Deck 9m2
2BR
43m2
Deck 11m2
3BR
53m2
COMMERCIAL
26m2
7.1m
METRICS
TOTAL: 143m2
Deck 6m2
6.2m
BOH 14m2
ABBOT T STREET
LINE O TRAIN
2BR
43m2
Deck 9m2
3 BED 2 BATH SHARED BACKYARD PRIVATE ROOF TERRACE
Deck 6m2
42.6m
43m2
3 BEDROOM TOWNHOUSE OPTION 3_ GROUND FLOOR
1.5m
.26m .16m
A
3m
5.3m 4.7m
B
B
A 4m 4.2m
1.5m 1.5m 9.9m 11.1m 9.3m
1:20 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
1.7m1m
1.6m
3.4m 0.7m
THRESHOLD OPTION 3_ GROUND FLOOR
• Sheltered Threshold • Awning Window = Cross Ventilation Potential • Procession into Main Living 1:50 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Recycled Brick - Mixed Wirecuts $0.55 each
Recycled Brick - Cream $0.77 each
Recycled Victorian Doors The Junk Map Melbourne
Recycled Hardwood Floorboards Tasmanian Oak $50/m2
MAIN LIVING OPTION 3_ GROUND FLOOR
• Brick Veneer as Insulation and Reverse Brick as Thermal Mass • Recycled Fixture and Furnishings • Brick Niche Detail • Energy Efficient Appliances 1:50 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
Recycled Fire Hydrant Pendants Bendigo Salvage Yard
Recycled Hydronic Heating Panels Bendigo Salvage Yard
Raw Brass FIttings
Recycled Cedar Drawers Bendigo Salvage Yard
TERRACE 3 BED OPTION 3_ FIRST FLOOR
1.5m
.26m
A
3m
4.7m
B
B
A 4m
1.5m
1.7m 11.1m
1:20 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
3.4m
CIRCULATION OPTION 3_ FIRST FLOOR
ROOF 9000
Level 2 6000
Level 1 3000
Ground Floor 0
• Ciruclation Study Nook • Potential Stack Ventilation
SECTION B 1:20 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
TERRACE 3 BED OPTION 3_ ROOFTOP TERRACE
1.5m
.16m
A
3m
4.7m
B
B
A 4m
1.5m
1.7m 9.3m
1:20 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
1.6m
3 BED TOWNHOUSE OPTION 3_ ROOFTOP TERRACE
Deciduous vines on western facing facade to shade hot summer and allow passive winter heating.
1:50 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL
CIRCULATION OPTION 3_ SECTION A
ROOF 9000
Level 2 6000
Level 1 3000
Ground Floor 0
1:50 @ A3 ASSIGNMENT 4.3 | FEASIBILITY 3.0_ INTERIORS AND DETAILING THESIS STUDIO 3 - NIGHTINGALE NIGHT SCHOOL