Amazing Water Views

Land Subdivision

2692

This Sub-Scheme is situated in the coastal township of San Remo approximately 122 kilometres south east of the centre of Melbourne with a General Residential Zoning under the Bass Coast Planning Scheme.

San Remo is the gateway to Phillip Island and located 20 kilometres north west of Wonthaggi. Wonthaggi has retail, business, residential, community, recreational facilities and three primary schools, one secondary school and Chisholm TAFE. The township of San Remo has an IGA and shops for everyday necessities.

This Sub-Scheme property comprises an irregular shaped residential infill site held within 4 titles with a combined total area of 11.05 hectares (27.30 acres). Subdivision Master Plan proposed to provide 93 residential lots plus a medium density site, an integrated housing site, open space, conservation area and retarding basin which is proposed to be developed over 2 stages.

Stage one will comprise 54 allotments with an average size of 536 square metres and stage two will comprise 39 allotments with an average size of 506 square metres. Construction of both stages is nearing completion is Sub-Scheme property.

There are 47 presales of allotments in Stages 1 and 2 which will settle upon Certificates of Title issuing.

Current Approved Loan Facility $14,982,000
Interest Rate 8.00% p.a.(variable)
LVR: 55% of Gross Realisation Value (excl. GST)
Months Remaining: 16 Months
Original Term: 36 Months
Reference Number: 2692

You should first read and consider the Product Disclosure Statement (PDS) dated 20 September 2017 and the specific Sub Scheme Supplementary Product Disclosure Statement relating to any loan(s) you wish to invest in. We encourage you to seek your own independent advice before making a decision to invest with RMBL Investments Limited. Funds for investment can only be accepted by completing the Investment Application Form.

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