Sovereign Acquisitions Fund Pty Ltd
ABN 36 610 221 068
"HWT Building" Level 23,
40 City Road,
Southbank, Victoria, 3006
T: 1300 466 380
Step 1: Our Minimum Criteria
Step 2: Partner with Sovereign
Step 3: Development Approval
Our team at Sovereign Acquisitions Fund has collectively over 120 years’ experience where as a team, have gained a vast of knowledge and understanding of property, town planning and financial structures;
Sovereigns team of consultants span the entire project cycle and their volume of work exceeds $2.5 billion in total;
Sovereign will apply for Highest and Best, Value Adding Development Approval for your Property;
This process usually takes between 6-8 months during which time, the House and Land sales are also taking place.
Step 4: Sales
Our sales team at Sovereign Inroom Auctions have a database of clients who are looking to purchase property in high growth and prestigious suburbs.
We have a minimum of 10 clients in each suburb, finance approved and waiting to buy, subject only to meeting their property criteria.
All sales are House and Land packages where the Purchaser must settle the land purchase prior to any Construction by Builders.
Your solicitor will prepare Contracts of Sale and hold all deposits until the Settlement of the Property Sale.
Step 5: Civil Works
Sovereign will engage contractors at our cost to comply with the Development Application Approval conditions.
Once the Development Application Approval conditions have been completed, we will apply to the Titles office on your behalf to issue the new Titles and to allow for Settlement of the Property Sale.
Step 6: Settlement
Your Property Title always remains in your name until the Settlement of the Property Sale;
Your solicitor will attend the Settlement of the Property Sale where you will receive your Agreed Sale Price and the balance to Sovereign.
Real Estate Agents
So, you may be wondering why we would spend our own funds and to improve the value of your property. The answer is simple; we receive a share of the increase in the property value over and above the increased price (30% above current market value). Although we could easily acquire the site, perform the work and keep all the upside, adopting our business model means we can pass the stamp duty and other savings onto you. We always believe in maintaining a win/win strategy.
Although the timing varies based on each Council and their approval processes, you should expect to receive a permit within 6 months and if the site is actioned immediately, the compliance can be completed within a further 4 months.
If you are looking to sell your home and receive a great price without having to spend any further funds for advertising, then you should call us now. We will provide an individual assessment of the site and provide you a proposal in writing within 7 days so that you can make an informed decision.