Location: Lavington
Services: Feasibility study, Financial modelling and Fundraising.
Start/Completion: December 2014 – January 2015
The client wish to develop its one acre plot on Kingara Road, Lavington. The site is currently leased to Lavington Kindergarten. Mwanzoni was appointed to conduct a feasibility study to:
- Review the demand and supply of real estate near the site
- Assess the most viable development option (i.e. the Highest and Best Use) on the site.
- Determine the financial and economic viability of the proposed development option
- To determine the most affordable funding structure.
- Prepare the estimated costs of the project
- Project the expected income from the project
We conducted market research and a comprehensive feasibility study which identified serviced apartments as the highest best use for the site. Our expertise in financial modelling and business case preparation was also applied.
