Residential Apartment Construction
This Security Property is situated in Southport which is an established, centrally located mixed-use suburb of the Gold Coast. The localities residential profile is characterised by varying scales of quality across several property types being older to modern/style/renovated low density detached dwellings, duple units and flats buildings, portions of prestige waterfront properties, modern medium density townhouse developments and in minority medium density unit projects. The locality holds portions of industrial zoning/land uses, large-scale retail amenities, sporting facilities and several well-regarded educational facilities. The proposed project will appreciate good Broadwater, ocean and skyline views.
The Security Property is contained over three separate but connected titles being 1,957 square metres of total land. The proposed project will require two lots created to facilitate the staging of the development stage 1 being 1,123 square metres and stage 2 of 834 square metres.
The proposed construction will consist of two high rise, architecturally designed mixed used apartment buildings comprises a total of 264 units.
The approved development proposes 106 units or 216 bedrooms over stage 1 and 158 units or 319 bedrooms and three retail tenancies over stage 2.
Construction has commenced.
|Maximum Loan Amount||$46,500,000|
|Interest Rate||6.50% p.a. (variable)|
|Original Term:||36 Months|
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.