Residential Apartment Construction
This Sub-Scheme property is situated in the Municipality of Glen Eira in the area known as McKinnon approximately 15 kilometres south east of Melbourne’s Central Business District. The subject site and surrounds form part of the Mckinnon Activity Centre which is undergoing a period transition towards medium residential density development. The Mckinnon Railway station is approximately 250 metres west. Bentleigh Activity centre which includes three supermarkets is located about 700 metres south.
This Sub-Scheme property comprises 1,402 square metres of developable land.
Plans and Permits for a five-storey building with 2 levels of basement carparking which allows for 56 vehicle spots and 15 bicycle storage spaces.
The proposed building will comprise a ground floor café and 40 apartments with a lobby, courtyard, stairwell, storage room, together with external lighting and security.
|Current Approved Loan Facility||$20,000,000|
|Interest Rate||9.00% 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.