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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