Project Overview
Client
Australian Superannuation Fund
Property Type
Residential and Mixed‑Use Development Project
Reason for Service
Strategic Development Valuation / Residual Land Value and Feasibility Analysis
Preston Rowe Paterson was instructed CBUS Superannuation, Capital Finance Australia Limited (lender) and Breakfast Point Pty Limited (developer) to undertake a comprehensive valuation of a large, complex waterfront industrial and energy infrastructure site, incorporating detailed assessment of land, buildings and specialist improvements within an operational and redevelopment constrained environment.
The instructions required assessment of the asset within an operational environment, having regard to existing improvements, infrastructure constraints, planning considerations and redevelopment potential. The valuation was prepared to provide a robust, defensible basis for strategic asset review and informed decision‑making in relation to a highly specialised waterfront holding.
Summary of Scope of Services
- Valuation of unsettled residential stock on an “as is” and “as if complete” basis;
- Precinct‑by‑precinct valuation of super‑lots and remaining development land;
- Gross realisation analysis across apartments, townhouses and Torrens‑title dwellings;
- Residual land value and feasibility modelling for undeveloped stages;
- Valuation of income producing assets, including supermarket, retail and childcare uses; and
- Assessment of staging, absorption, market risk and funding sensitivity.
Asset Overview:
Breakfast Point is a landmark waterfront estate located on the Mortlake Peninsula, comprising approximately 52 hectares with over 1.3 kilometres of Parramatta River frontage.
Key attributes include:
- Multi‑stage residential development (apartments, townhouses and Torrens‑title homes)
- Village Centre incorporating supermarket, specialty retail and childcare
- Significant community and lifestyle infrastructure
- Retained and adaptively reused heritage buildings
- Delivery under a complex NSW Part 3A planning framework
Valuation Methodology
A multi‑method framework was adopted, consistent with best practice for complex master‑planned estates:
- Direct Comparison for completed and near‑completed residential stock
- Residual Cash Flow Analysis for undeveloped and partially developed precincts
- Capitalisation of Income for retail, supermarket and childcare assets
- Cross‑checks using $/dwelling, $/m² GFA and $/m² site metrics
This engagement demonstrates Preston Rowe Paterson’s expertise in:
- Large‑scale residential and mixed‑use valuation
- Residual land valuation and feasibility modelling
- Lender‑grade reporting for complex, staged developments
- Analysis of planning, construction and market risk environments
Approximately
52ha
hectares of land
1.3km
kilometres of approximate Parramatta River frontage
We Deal with the Mainstream & Specialise in the Complex for all asset classes
