The property is located next to the Bolte Bridge in Docklands which maintains strong connectivity and public transport links to the Melbourne CBD which allow access to the larger metropolitan area.
Fully Funded
Melbourne
|
Victoria

Lorimer

The property is located next to the Bolte Bridge in Docklands which maintains strong connectivity and public transport links to the Melbourne CBD which allow access to the larger metropolitan area.

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Project Details
S$ 5 M
Funds Invested
6.10%
Nett Interest Rate Per Annum
10
Tenure (Months)
Monthly
Repayment Scheme
June 22, 2023
Loan Start Date
April 21, 2024
Loan End Date

Project Description

Project Location

The property is located next to the Bolte Bridge in Docklands which maintains strong connectivity and public transport links to the Melbourne CBD which allow access to the larger metropolitan area.

Project Development

The development application was formally lodged by the borrower in December 2021 and has subsequently been approved. The development will consist of 26,913 sqm in residential area, along with community and food and beverage spaces. The ground floor will have a lobby, carpark entry, community spaces, food and beverage area, lounge and dining area, a meeting room, bike storage and an electric vehicle car share space. The Gross Floor Area (GFA) for the entire building is 50,766 sqm.

Project Loan Details

The repayment strategy for the facility will be to refinance to development funding with the 12-month term of this land facility to allow adequate time to activate construction funding for the Project.

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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.
6.10%
nett p.a.
|
12
months
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The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.

Broadmeadows

The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.
6.28%
nett p.a.
|
12
months
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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.

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.
6.08%
nett p.a.
|
8
months
Read more
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