Quakers Hill

Location

The site is situated on the western alignment of Hambledon Road with a secondary frontage to Calandra Avenue. It’s located within proximity of Stanhope Parkway and Hambledon Road, approximately 34 radial kilometres north-west of the Sydney CBD.

Development Project

The initial loan was granted to the Borrower to facilitate the purchase of properties located at Hambledon Rd, The Ponds NSW 2769; Calandra Ave, The Ponds NSW 2769; and Calandra Ave, Quakers Hill NSW 2763.

Stage 1 subdivision work has been completed, resulting in the creation of 34 residential lots and 2 residue lots. The Linen Plan is anticipated to be approved by February 2024. These lots are scheduled to be marketed as land starting January 2024, with expected settlements by April/May 2024.

For Stage 2, subdivision work has also been completed, creating 27 residential lots. The Linen Plan for this stage is expected to be out of council by July 2024. Similar to Stage 1, these lots will be marketed starting January 2024, with settlements anticipated by September 2024.

Purpose

The loan is to assist with the extension of existing loan secured by property.

Exit Strategy

The primary exit strategy is via sale of completed lots.

Construction Progress

N.A.

Pre-sales

N.A.

*Use Promo Code 1MAY24 to get additional 0.20% nett p.a.

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