Open for Investment
Kembla Grange, NSW
Prime Residential Development Site
The Loan is secured by a first registered mortgage over a residential property situated on 9.611 hectares of land zoned R3 Medium Density Residential and identified for future redevelopment. The property is located in Kembla Grange, NSW, 14km south-west of the Wollongong CBD, 94km south of Sydney and has plans for major changes in the immediate future as part of the West Dapto Urban Release Area.
The Borrower has proposed a residential subdivision comprising 102 residential allotments and 2 medium density super lots with each yielding 20-24 townhouses with lodgement of the Development Application to occur by 1 March 2018. The property is improved with a single storey dwelling, sheds, stables and horse yards.
The Borrower group has extensive experience in property development in and around the Wollongong area.
Target Return (net)7.4%
Loan to Value Ratio40%
Term to Run (Mths)11 Mths
All Current Investments.
All loans are credit approved before being offered to investors. All target returns are net of fees.
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