The site is located within proximity of Cessnock Road and the New England Highway.
Fully Funded
Maitland
|
New South Wales

Cessnock Road

The site is located within proximity of Cessnock Road and the New England Highway.

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Project Details
S$ 2.1 M
Funds Invested
5.50% - 6.50%
Nett Interest Rate Per Annum
4
Tenure (Months)
Monthly
Repayment Scheme
December 23, 2023
Loan Start Date
April 21, 2024
Loan End Date

Project Description

Location

The site is situated on the western alignment of Cessnock Road with secondary frontage to Russell Street, approximately 126 radial kilometres north of the Sydney CBD. The site is located within proximity of Cessnock Road and the New England Highway.‍

Development Project

Site is 39,590sqm and is located within the Gillieston Heights Urban Release Area, which was rezoned to allow for residential development, primarily residential subdivision. Zoned R1 General Residential and is currently improved with a ~1970's built single level residence and a machinery shed.‍

Purpose

The loan is provided to assist with the purchase of properties located at Cessnock Rd, Gillieston Heights NSW 2321.‍

Exit Strategy

The primary exit strategy is through rolling into construction funding, or via refinance.

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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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Broadmeadows

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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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