Recently Commenced Land Subdivision

Vacant Land – Residential Subdivision (W)

2792

This Security Property is situated in the emerging growth suburb of Deanside, situated between Caroline Springs and the new suburb of Aintree, approximately 26 radial kilometres north west of the centre of Melbourne with an Urban Growth Zoning under the Melton Planning Scheme.

Surrounding properties are predominantly mixed rural lifestyle and hobby farm properties zoned for urban development, along with several new housing estates. Both Rockbank Railway station and Caroline Springs railway station are within 5 kilometres and local bus services are close by. Burnside shopping centre and Caroline Springs shopping centre are within 6 kilometres. Numerous schools are within short driving distance together with various recreational facilities.

This Security Property contains an approximate area of 7.013 hectares (17.32 acres).

Works have recently commenced.

Concept development plan have a 4 stage subdivision comprising 125 standard residential allotments with an average size of 370 square metres, plus a medium density site of 2,168 square metres which is intended to be a childcare centre in stage 1. Planning Permit PA2019/6696 has been issued by City Of Melton Council.

Maximum Loan Amount $26,447,000
Interest Rate 6.6% p.a. (Variable)
LVR: 65%
Maturity Date: 9 December 2022
Original Term: 36 Months
Reference Number: 2792

You should first read and consider the PDS and TMD dated 28 February 2022 for the RMBL Mortgage Income Investments Fund available at www.rmbl.com.au/invest and consider whether the Fund meets your needs as well as the specific Supplementary PDS for any Loan(s) you wish to invest in. Investment in a specific Loan is subject to availability. Funds for investment can only be accepted by completing the Investment Application and consent is required for investment into a specific Loan.

Enquire about this investment opportunity