Bridge Street

Location

The subject site is located on the southern alignment of Seventh Avenue in Austral, approximately 14km SW of Liverpool, 29.5km SW of Parramatta CBD and approximately 51km SW of the Sydney CBD. Site is also located 9km from new Badgerys Creek Airport (scheduled for completion in 2026) and situated within the Western Sydney Aerotropolis, the proposed subdivision will benefit from the upward trend in the South-West Sydney residential market.

Development Project‍

The subject site comprises a regular shaped Lot with a total site area of 18,044 sqm, located on the southern alignment of Seventh Avenue in the south-western Sydney suburb of Austral. Seventh Avenue comprises a dual direction bitumen sealed roadway with a concrete kerb that runs in a generally East to West direction and is subject to low levels of vehicular traffic.

The site has a level topography and has recently been cleared of improvements and vegetation as it is being prepared for the construction of a subdivision of 39 residential Lots. Development Approval (DA) for the subject site was approved on 25 February 2022 for the construction of 39 residential Lots.

Purpose

The Loan is provided to assist with the refinance of land and to provide funding for the subdivision of the Development.

Facility repayment

The repayment strategy for this facility is via the sale of completed lots. The estimated completion time frame is 12 months.

Construction Progress

As of August 2023, Site is DA approved for 39 residential lots over 2 stages (Stage 1: 37 residential lots and temporary OSD followed by Stage 2: demolition of temporary OSD and subdivision into the remaining 2 residential lots).