Residential Townhouse Construction
This Sub-Scheme property is situated within the Municipality of Mornington Peninsula in the area known as Rosebud approximately 78 kilometres south of Melbourne’s Central Business District with a General Residential Zoning under the City of Morning Peninsula. The immediate area is of mixed amenity comprising mainly established housing of various styles and ages together with recreational facilities in the Rosebud Park Public Golf Course, Rosebud Tennis Club and Rosebud Bushland Reserve immediately to the North. The location is central to a full range of services and facilities supporting residential occupation, including the main retail precinct of Rosebud to the north a short driving distance away.
The Sub-Scheme property comprises 24,412 square metres of englobo land with plans and permits for 50 single level townhouses. The townhouses will be configured as five 2 bedroom 2 bathroom townhouses with an area of 108 square metres, together with forty-five 3 bedroom 2 bathroom townhouses with areas between 121 square metres and 132 square metres. The two bedroom accommodation will be complemented by a single car garage, whereas the three bedroom accommodation will each have a double car garage. Furthermore each townhouse will be complimented by a rear private open space.
At present the site contains a display unit which is nearing completion and a large number of trees which will either be removed or used in the landscaping.
|Maximum Loan Amount||$18,451,000|
|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.