Leppington, NSW

Vacant residential development site

The Loan is secured by a first registered mortgage over a residual residential development site of circa 6,223m² located in Leppington, NSW, approximately 40km south west of the Sydney CBD and 12km south west of Liverpool.

The Security Property is a residual development lot from a completed residential subdivision.

The land is zoned 'R2 Low Density Residential' under the State Environmental Planning Policy 2021.

The land is suitable for redevelopment into 16 residential lots. The residential lots are congruous with other development in the surrounding area and the local planning rules.

The site is currently vacant land, bordered by new housing on the southern boundary and market gardens on an adjacent lot. The site forms part of a completed residential land subdivision.

The Security Property is well located within Leppington, forming part of the South West Growth Centre within proximity to existing public transport, amenities and major transport nodes.

Leppington is a developing suburb in southwest Sydney. Leppington Stage 1, of which the Security Property is a part, will benefit from up to 2,500 new homes alongside infrastructure upgrades and services. These will include new schools, community centre, and the Leppington North Precinct which will include retail, entertainment and other services.

The Loan is likely to be repaid from refinance into a construction and development loan.

• The Loan was advanced at a Loan to Value Ratio of 31%.
• The Target Return is 8.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Borrower Group are experienced property developers who have completed multiple projects in the Western Sydney region.
• The Loan is supported by multiple personal and corporate guarantees and a General Security Agreement over the Borrower.
• The Loan Term is 15 months, subject to early or late repayment, from 27 April 2023 to 26 July 2024.

Investment Details

• Target Return

  8.7% net

• Loan to Value Ratio

  31%

• Term

  2 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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