Gladesville

Location

The Security Property is located within the Gladesville suburb, approximately 12km from Sydney CBD. Gladesville is a sort-after suburb for high-income families, with a target product mix of luxury terraces of four bedrooms, four bathrooms and additional living areas reflecting this. Approximately 22% of households within Gladesville have income greater than $182k per annum, with a further 12% greater than $130k. Additionally, over 49% of households consist of couples with children and a further 13% being single parents with children. The Project will appeal to these demographics and will likely be well-received by local buyers.

Development

The project will deliver 4 two-storey terraces of four-bedroom, four-bathroom, single lock-up garage with a second living area each with a total internal area of 718 m2, built on a land of 900m2. The project is well progressed and approximately 90% completed now. All four dwellings have direct and individual driveway access and will be setback at differing lengths providing a standalone dwelling feel.

Purpose

To assist with the acquisition of the property and construction of four terraces.

Exit Strategy

The primary exit will be via refinancing into a residual stock loan.

Construction Progress

Approximately 90% completed.