First-Buyers Delight

Residential Townhouse Construction

2843

This Sub-Scheme property is situated in the Shire of Cardinia in the area known as Pakenham approximately 53 kilometres from Melbourne’s Central Business Centre with a General Residential Zoning under the City of Cardinia. The immediate area is an established residential precinct characterised primarily by traditional detached one storey dwellings, as well as medium density developments of one storey villa units and two storey townhouses. The site is well suited for medium density residential accommodation. The immediate area is well serviced by public transport, the Pakenham Railway Station is approximately two kilometres to the south. Educational facilities including primary and secondary schools are conveniently located, with Pakenham Hills Primary School 250 metres to the south east and Pakenham Secondary College and ECG College Pakenham Campus approximately two kilometres further south west. With respect to shopping facilities, we note the Cardinia Lakes shopping centre to the south east as well as larger more established Pakenham Central Marketplace to the south.

The Sub-Scheme property comprises 9,700 square metres of development site with an active planning permit issued on the 19th of November 2020 for the development of 30 dwellings.

At present the Sub-Scheme property is improved with a relatively large cold storage facility which is all but removed.

Current Approved Loan Facility $1,440,000
Interest Rate 7.00% p.a.(variable)
LVR: 66.66%
Maturity Date: 12/02/2024
Original Term: 36 Months
Reference Number: 2843

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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