The Sub-Scheme Property is comprised in two titles and situated within the Municipality of Bass Coast Shire, in the area known as North Wonthaggi which is approximately 125 kilometres south east of Melbourne CBD with a Farming and General Residential Zoning under the Bass Coast Planning Scheme.
Wonthaggi commercial shopping includes Coles, Woolworths, and Big W plus a retail shopping strip. There are several educational facilities plus recreational facilities in proximity to this site.
The Sub-Scheme Property originally comprised 32.16 hectares (79.46 acres) with 13.23 hectares (32.69 acres) being developable and the remaining 18.93 hectares (46.77 acres) farming zoned land.
Planning Permit issued on the 7 May 2018 for an 8-stage residential subdivision yielding a total of 202 residential allotments ranging between 494-1,084 square metres, with an average lot size of 615 square metres.
Stage 1 & 2 comprising 49 lots has successfully been completed, sold and settled.
Stages 3 & 4 have started construction and will comprise 43 standard residential allotments.
All 43 lots have been presold.
|Current Approved Loan Facility||$6,075,000|
|Interest Rate||8.15% p.a.(variable)|
|LVR:||50% of Gross Realisation Value (excl. GST)|
|Months Remaining:||12 Months|
|Original Term:||36 Months|
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.