Masterplan Development in High Demand Growth Corridor

Residential Development

2874

This Security Property is situated within the City of Whittlesea in the suburb known as Woodstock approximately 32 kilometres north of Melbourne with an Urban Growth and Rural Conservation Zoning under the City of Whittlesea Planning Scheme. The surrounding area is predominantly large rural land destined for development with residential subdivisions currently being developed to the west. Situated within the Donnybrook-Woodstock Precinct Structure Plan. The Donnybrook Railway station is 5 kilometres to the west. Shopping facilities are planned to be constructed within the Donnybrook-Woodstock Precinct, the adjoining suburb of Merrifield has a number of shops and a supermarket however the major shopping centre of Epping Plaza Shopping Centre is 12 kilometres to the south. A number of educational facilities are planned to be constructed within the area including Hume Anglican Grammar which is currently nearing completion 3 kilometres to the west.

The Security Property comprises 40.47 hectares (100 acres) of land including 7.82 hectares (19.32 acres) of waterway/drainage and conservation reserve. Plans and Permits were issued by the Whittlesea council on the 7th of August 2020 for 451 residential allotments with an average size of 303 square metres, a government school site, potential non-government school, community facilities, local park and a local town centre.

First three (3) stages consisting of 205 standard residential allotments expected to be activated to meet pre-sales delivery requirement.

Maximum Loan Amount $54,790,000
Interest Rate 7.00% p.a.(variable)
LVR: 65.00%
Maturity Date: 17/02/2024
Original Term: 36 Months
Reference Number: 2874

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.

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