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.
|Maximum Loan Amount||$20,000,000|
|LVR:||66.66% of Gross Realisation Value (excl. GST)|
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.