Waterfront Living - The Cove

Residential Townhouse Construction

2803

This Sub-Scheme property is situated on the Mornington Peninsula in the suburb of Safety Beach within the waterfront master-planned estate known as Martha Cove approximately 65 kilometres south of Melbourne’s CBD. Martha Cove is a unique waterfront residential community combining parks, walkways and cycle ways as well as integrated boat harbour with direct access into Port Phillip Bay. Shopping facilities are approximately 6 kilometre drive south east of the development in the Dromana Hub Shopping Centre with an extensive retail, dining and entertainment facility proposed less than 500 metres away at the future Martha Cove Village Centre.

This Sub-Scheme property comprises 4,066 square metres with Plans and Permits for 13 three storey and 1 two storey luxury residential townhouses. To be constructed is a mix of 3 & 4 bedrooms with 3 & 4 bathrooms built to a very high level and specifications each with a 2 car garage plus having the advantage of overlooking the waterway with each townhouse has an optional inclusion of a pool, lift, studio above garage and a boat berth adjacent to their townhouse.

Current Approved Loan Facility $18,500,000
Interest Rate 8.50% p.a.(variable)
LVR: 66.66% of Gross Realisation Value (excl. GST)
Months Remaining: 24 Months
Reference Number: 2803

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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