Residential Apartments (Completed)
This Sub-Scheme property is situated on the northern fringe of Oakleigh, near the border of Chadstone and Malvern East, approximately 14 radial kilometres south-east of central Melbourne. Surrounding properties include mixed older style commercial/industrial development with establishment residential housing opposite. There are also several modern/new apartment projects in this immediate pocket, including a recently completed complex next door to the south and a major project under construction to the west and south-west, on the corner of Warrigal Road and Princes Highway.
It is a most convenient location, with Chadstone shopping centre only 500 metres north-east,Oakleigh shopping centre 700 metres south and Chadstone Lifestyle Precinct about 1 kilometre north. Various private, state and denominational and schools at primary, secondary and tertiary levels are in the area, including two TAFE campuses. The area is very well serviced by rail and bus transport. The Monash Freeway, Princes Highway and Warrigal Road also provide excellent road access. Recreational facilities, including parkland and golf courses are also close by.
Erected upon the land is a five-level apartment complex, above a split level basement. It is constructed of pre-cast concrete panel and painted/rendered cement sheet, with metal deck roofing, aluminium frame windows and doors, and concrete slab flooring. There are 32 standard two bedroom apartments and 2 three bedroom penthouse.
|Current Approved Loan Facility||$12,652,000|
|Interest Rate||8.00% p.a.(variable)|
|LVR:||66.66% of Gross Realisation Value (excl. GST)|
|Months Remaining:||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.