Financial Feasibility Studies

For purpose-driven property developments

Community housing’s a popular choice for purpose-driven organisations who wish to combine positive social impact with relatively low-risk investment. But before you start spending on architects and planners, be sure your plan is likely to deliver the revenue you need and appeal to the banks.

A financial feasibility study gives you an overview of your development options, along with the assurance your investment is sound and affordable.

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“Gemelli started out doing the financial modelling for our hub redevelopment, looking at the costing, and how we could afford the build. But they quickly took on a bigger role… They offer fantastic support. They’re so encouraging and they’ve contributed in so many ways… We couldn’t have got to the stage we’re at without Gemelli, that's the bottom line.”

ussell Grainger, Pastor, Mount Wellington Community Church

Property developments aren’t easy

Not sure how to proceed?

Managing a multimillion dollar housing development takes a very different skill set to running a for-purpose organisation. You need assurance you’re making the right choices.

Burned by a budget blow out?

We frequently get calls from an organisation that’s dropped a hundred grand with architects for a design a QS priced at three times their budget. If that’s you, we’ll help you start over and do it right.

Declined for finance by the bank?

If lenders have said no to your property project because your numbers don’t stack up, we can help you regroup and put together a plan that’s financially sound and attractive to investors.

Understand your options for confidence to take the next step

Leverage your land & unlock cash flow

Asset rich but cash poor? We help you identify financially sustainable development options.

Balance revenue with social impact

Developments can deliver great social outcomes for your community and great financial outcomes for you.

Creative solutions for smaller budgets

We specialise in progressive development models that unlock more impact for less money.

Understand what investors need

Understand the capital project process, investors’ jargon, and what to be aware of at each stage.

Set yourself up for funding success

Reassure the banks your project has been through an assurance process and is financially viable.

Tap into our network of experts

We can connect you with people who can help, from impact investors and lenders to developers.

“Gemelli gave us a really good picture of what leveraging our accommodation assets to raise revenue might look like ... And not only do the numbers suggest it’s possible, but Gemelli also socialised the idea with a few key investors … Gemelli go above and beyond. So, my advice is, if you’ve got a new revenue generating idea, invest in a sense check with Gemelli first.”

Wayne Howett, CEO, Ronald McDonald House New Zealand

The financial feasibility study process

A feasibility study is a four-step process that gives you an overview of property development possibilities for your organisation.

1. Discovery

We start with your end goal, asking why you’re investing in property, what outcomes and impact you want, and what success looks like.

2. Proposal

Your proposal is a roadmap for your feasibility study. It includes your context and desired outcomes, our scope of work, approach, timeframes, cost, and project team. This proposal clarifies exactly what you’ve asked us to do, outlines what we’re all doing, and confirms expectations before we get started.

3. Kick off workshop

Bring all key decision makers to this workshop so everyone’s on the same page. We’ll work through your proposal to make sure nothing's changed. Then we review your appetite for risk. While the process for a feasibility study is defined, solutions are tailored to your needs, budget, and comfort with risk. We'll explore ideas for revenue streams to understand what's important to you. We love opening your eyes to new possibilities, but we don’t want you paralysed by too much choice. So, we’ll guide you to development options that match your goals. At the end of this workshop, we agree a list of development options to assess.

4. Options analysis and feasibility report

We review five key areas:

  1. Property development options that meet your goals.
  2. High level costs to build and operate your properties.
  3. Potential revenue streams from your investment.
  4. Funding options, from impact investors to traditional bank debt.
  5. Partners who can help you deliver and operate your development.

We present your development options, summarise our findings, make recommendations and outline next steps, giving you a clear plan for your project.

If you proceed, your next step is to validate your preferred development option through a detailed business case, to ensure it’s doable and meets your goals.

A feasibility study is a four-step process that gives you an overview of property development possibilities for your organisation.

1. Discovery

We start with your end goal, asking why you’re investing in property, what outcomes and impact you want, and what success looks like.

2. Proposal

Your proposal is a roadmap for your feasibility study. It includes your context and desired outcomes, our scope of work, approach, timeframes, cost, and project team. This proposal clarifies exactly what you’ve asked us to do, outlines what we’re all doing, and confirms expectations before we get started.

3. Kick off workshop

Bring all key decision makers to this workshop so everyone’s on the same page. We’ll work through your proposal to make sure nothing's changed. Then we review your appetite for risk. While the process for a feasibility study is defined, solutions are tailored to your needs, budget, and comfort with risk. We'll explore ideas for revenue streams to understand what's important to you. We love opening your eyes to new possibilities, but we don’t want you paralysed by too much choice. So, we’ll guide you to development options that match your goals. At the end of this workshop, we agree a list of development options to assess.

4. Options analysis and feasibility report

We review five key areas:

  1. Property development options that meet your goals.
  2. High level costs to build and operate your properties.
  3. Potential revenue streams from your investment.
  4. Funding options, from impact investors to traditional bank debt.
  5. Partners who can help you deliver and operate your development.

We present your development options, summarise our findings, make recommendations and outline next steps, giving you a clear plan for your project.

If you proceed, your next step is to validate your preferred development option through a detailed business case, to ensure it’s doable and meets your goals.

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DOWNLOAD THE FULL PROPERTY DEVELOPMENT PROCESS

Financial feasibility study fees & timing

Feasibility studies start from $5,000 + GST. The more development options we explore, the more your feasibility study will cost.

Most feasibility studies take six weeks but talk to us about your timeframe.

Case Studies: Stories of Impact Unlocked

Financial feasibility study FAQs

1 How do we prepare for our kick off workshop?
It’s a great idea to have a meeting in advance of your kick off workshop to make sure you’re unified on what success looks like for your project. We’ve had six people round a table, and six different takes on what they’re trying to achieve. It's not common, but it happens, and when it does it’s a sign to stop and take a step back. If you aren't united on your goals as an oranisation, we can help you with a strategic planning session to work out your objectives, strategy, and tactics.
2How does a business case work?
A business case is done after a financial feasibility study. It is a detailed investigation to make sure your preferred development option is practical and meets your goals. Your business case report includes: 1. Demand and revenue. A thorough investigation of market demand, potential revenue, and other financial opportunities to refine the revenue projections in the feasibility report. 2. Project costs. We work with planner, architect, and builder to understand the constraints of your site, develop a high-level plan for the development, and provide refined construction costs. 3. Detailed financial model. This forecasts the development cost of your project, the operational costs, revenues and resultant surplus/shortfall. 4. Financing. We investigate the appetite of stakeholders and potential investors to financially support the project. 5. Ownership and management. Options for ownership and management of parts of the proposed development. 6. Recommendations and project pathway. A summary of our recommendations and a pathway for
3Do you do financial feasibility studies for all developers?
We work with clients who have a social, environmental, and economic impact, and we prioritise supporting projects that serve the community. To gain an insight into your kaupapa, we’ll ask how your property project is aligned to your organisation’s vision.

If we haven’t answered your question about financial feasibility studies, email us.

Look before you leap

A property development is an expensive undertaking, and not the sort of project most for-purpose organisations do every day. It’s normal if you’re a bit nervous. Start off right with a financial feasibility study to give you confidence and certainty