fbpx

Zenith Updates

Project Summary

Zenith is a renovation project. The home that currently exists on the 1,271m2 lot was built in 1972 in classical Queenslander-style with five bedrooms, 2 bathrooms, and five parking spaces. Since Queenslander-style homes are a hot item in the local market, we’ve decided to expand and renovate the pre-existing home rather than building a new one. This is a strategy we’ve previously implemented in our Epoch development, where we are relocating and renovating two heritage listed Queenslanders. Our planned renovations are extensive, so upon completion the mansion will include 6 bedrooms, a 4-car garage, a study, a library, a cellar, a pool, an outdoor entertainment area, and a lift. We are raising AUD$4,000,000 for Zenith with an anticipated market value upon completion of AUD$8,250,000.

Project Updates

June 26th, 2020

Construction updates are as follows:

  • Decking timber work for the first floor is planned to commence this week.
  • Doors and windows are being shipped to the site, and will be installed after delivery. This marks the transition into the ‘lock-up phase’.

May 26th, 2020
Construction updates are as follows:

  • The builder is preparing the waterproofing on the swimming pool.
  • Concreting works to the lower level and outside court are underway.
  • Flooring and wall frames are in progress.
  • Electrical works are underway
  • Plumbing and hydraulic works are underway.
  • Preparation for the external cladding is underway.
  • The order for the joinery has been placed.

April 22nd, 2020

Construction updates are as follows:

  • Internal wall plasterboard and gyprock installation are underway.
  • Flooring and wall frames are in progress.
  • Some waterproofing works to the wet areas have started.
  • Electrical and Plumbing works are underway.

March 27th, 2020

Construction updates are as follows:

  • All the internal wall framing to the ground floor has been completed.
  • Framing of the decking to the upper floor is completed.
  • Flooring at the first balconies underway.
  • Internal walls finish preparation is underway.

February 26th, 2020

Construction updates are as follows:

  • 90 % of the internal wall framing to the ground floor has been completed.
  • All framing to the first floor walls is completed.
  • Framing of the decking to the upper floor is completed.
  • Retaining walls, steel, shutter, and concrete works in progress, approximately 90% completed.
  • External blockwork has started and is expected to be completed next week.

January 28th, 2020

Construction updates are as follows:

  • External demolition completed.
  • Internal demolition completed.
  • Swimming pool concreting completed.
  • Setting out and framing of internal walls has started
  • Retaining walls, steel, shutter and concrete works in progress, approximately 50% complete.
  • External block works will start next week .
  • New internal walls and partitions will start next week.

December 20th, 2019

Construction updates are as follows:

  • External demolition has commenced and is approximately 75% complete.
  • Internal demolition has commenced and is approximately 50% complete.
  • Preparation works for the retaining walls, such as excavation, has begun.
  • Swimming pool excavation and leveling has been completed.

November 25th, 2019

As mentioned in last month’s update, the builder Innovare has begun the process to get some small construction permits that can only be obtained by the builder. This is still in progress, as we are waiting for these approvals to come through.

Some of the major construction permits  approvals were granted , accordingly the builder had erected the temporary fence and planning to start the works this week.

September 24th, 2019

We have chosen a builder for this project: Innovare. Innovare have an excellent reputation in the Hamilton region for building luxury homes and we’re excited to be partnering with them for this project.

Innovare will begin mobilization and alteration works on site next month. Since this project is a renovation/expansion of an existing property, fewer permits are required than our other projects.

August 23rd, 2019

We are in the final stages of negotiating with our preferred builder. Concurrently we are finalising the detailed design drawings in preparation of starting the build.

We are also working on the construction funding and have received severely offers. Now awaiting the valuation by the end of next week to progress the funding approval process.

August 23rd, 2019

We are in the final stages of negotiating with our preferred builder. Concurrently we are finalising the detailed design drawings in preparation of starting the build.

We are also working on the construction funding and have received severely offers. Now awaiting the valuation by the end of next week to progress the funding approval process.

July 19th, 2019

Building application drawings are scheduled to be completed on the 24th of July, with tender stage due to commence immediately afterwards on the 25th.

June 19th, 2019

Our Development Application has been submitted to Council. Drawings for the Building Application are in progress.

May 21st, 2019

We already have preliminary plans from our architect and we’re planning to submit to Council for Development Approval in June.

Launch – 20th May, 2019

Our extensive renovation development, Zenith was launched on the 20th of May.

Wealth Creation - Lion Property Group

Make an
Informed Decision

View our property development info pack to kickstart your property development journey. All the information you need about Lion, our models, and our expert team, in one convenient place, so you can make an educated decision.