The residential development is in a well-established suburb in south-east Melbourne. The area is well serviced by multiple transport and schooling options making it attractive for families.
Ended
Melbourne
|
Victoria

Bentleigh

The residential development is in a well-established suburb in south-east Melbourne. The area is well serviced by multiple transport and schooling options making it attractive for families.

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Project Details
S$ 1.01 M
Funds Invested
3.55%
Nett Interest Rate Per Annum
12
Tenure (Months)
Monthly
Repayment Scheme
April 28, 2022
Loan Start Date
June 11, 2022
Loan End Date

Project Description

Project Development

Three attached, double storey, contemporary style townhouses comprising a mix of four- and five-bedroom accommodation open plan living with private courtyard and basement garages will be constructed.

Although no properties were pre-sold, enquiries and offers were received. Recent comparable sales in the area indicate the properties meet market demand. Furthermore, the underlying fundamentals governing supply and demand for this product type, remains soundly based, fuelled by a changing demographic, and changing purchaser requirements with affordability enhanced by low interest rates.

Planning approval has been obtained and the required start and end dates for construction are May 2022 and May 2024 respectively.

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

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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.
6.10%
nett p.a.
|
12
months
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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.
6.28%
nett p.a.
|
12
months
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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.
6.08%
nett p.a.
|
8
months
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