re: Ann: Letter of Intent with Hickory Develo... "The first development is in Melbourne with almost 200 apartments and is expected to
generate revenues of up to $3 million over 5 years"
That's $600k/year for 200 apartments.
Or $3k/apartment p.a.
Doesn't $3k/apartment/year for phone, data, water, electricity & gas sound a bit optimistic?
Ann: Letter of Intent with Hickory Developments , page-8
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