The contracted builder is licensed and experienced, having completed similar residential jobs since establishment. The development is also well insured.
Ended
Melbourne
|
Victoria

Albion

The contracted builder is licensed and experienced, having completed similar residential jobs since establishment. The development is also well insured.

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Project Details
S$ 1.34 M
Funds Invested
3.47%
Nett Interest Rate Per Annum
9
Tenure (Months)
Monthly
Repayment Scheme
May 20, 2022
Loan Start Date
February 19, 2023
Loan End Date

Project Description

Project Location

The residential development is in a small, well-established residential suburb in Melbourne.

The property is located within a kilometre of a train station and shopping centre. The surrounding area is composed of low-density residential housing with some sites approved for medium density housing.

Project Development

Three affordable 3-bedroom townhouses will be built. No properties were pre-sold as the Sponsor intends to retain the properties to rent out and will re-finance the construction debt upon completion.

Planning approval has been obtained and the required start and end dates for construction are October 2023 and October 2025 respectively.

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The property site is zoned R2, for low density residential and is well located within the region, being in proximity to the existing public transport network, amenities and major transport nodes in the area. Box Hill city centre is approximately 4.7 km to the south-west of the subject site.

Landen Construction Note

The property site is zoned R2, for low density residential and is well located within the region, being in proximity to the existing public transport network, amenities and major transport nodes in the area. Box Hill city centre is approximately 4.7 km to the south-west of the subject site.
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The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.

Broadmeadows

The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.
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The property is situated within the Mittagong industrial estate, located in the prestigious Southern Highlands, within the Wingecarribee Shire Council area. It is well located within 5 minutes from the town centre and 5 minutes to the Hume Motorway, the key arterial road connecting Sydney, Canberra and Melbourne.

Mittagong

The property is situated within the Mittagong industrial estate, located in the prestigious Southern Highlands, within the Wingecarribee Shire Council area. It is well located within 5 minutes from the town centre and 5 minutes to the Hume Motorway, the key arterial road connecting Sydney, Canberra and Melbourne.
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