Kogarah Bay

Location

Kogarah Bay is a well-established suburb in Sydney's South located 20km from the CBD and part of the St. George area overlooking Botany Bay, the Georges River and Kogarah Bay.

The suburb is premium residential area for many professional and business owners located in the employment areas of Hurstville, Kogarah, Rockdale, Mascot, Sutherland & Miranda. The suburb has many lifestyle offerings, including numerous well-regarded restaurants, St. George Motor-Boat Club, Dolls Point Beach and Promenade, Scots College Brighton Preparatory, many cafes and parks.‍

Development Project

The site project is designed by award winning architects, Tecton Group, 'Bayview' is an DA approved mixed-use development set over seven levels for 22 residential apartments and 2 levels of basement parking for 42 vehicles.

The site area is 1227sqm, which has been utilised in a highly efficient manner to deliver maximum value for stakeholders and meet market preference. The unit configurations are considered traditional in layout, and oversized, comprising of open plan living over one level which will appeal to owner-occupiers. Natural light penetrates all units with floor-to-ceiling stacker doors enhancing natural light to living areas.‍

Purpose

The loan is provided to refinance the incumbent land-loan and for the provision of

construction funding for 22 residential apartments.‍

Exit Strategy

The primary exit strategics is through sale of remaining units, 10 pre-sales have been achieved to date, with a debt coverage of 80.4%‍

Construction Progress

As of September 2023, the construction is progressed at 63.4% completed against cost.