Exciting New Masterplan Development

Residential Development

2891

This Sub-Scheme property is situated in the outer northern township of Beveridge approximately 40 kilometres from Melbourne’s Central Business District with an Urban Growth Zoning under the Mitchell Planning Scheme.

Beveridge is an existing rural township, adjoining the emerging residential suburbs of Kalkallo, Mickleham and Wallan.

The sub-scheme property adjoins rural-residential development with the immediately surrounding land also included within the recently approved Beveridge Central Precinct Structure Plan.

Shopping facilities are located in the adjoining areas of Wallan to the north, incorporating local strip shopping and to the south in Craigieburn where there is the larger Craigieburn Plaza Shopping Centre.

The adjoining areas of Wallan and Craigieburn also provide a number of educational facilities and recreational centres.

The Sub-Scheme Property comprises 39.078 hectares (96.56 acres) of developable land comprising the Ooranya Estate which is proposed to provide a total yield of 786 residential allotments which will be developed over 17 stages with an average size of 380 square metres.

Subdivision works are underway with one stage completed and settled.

Current Approved Loan Facility $54,000,000
Interest Rate 6.85% p.a.(variable)
LVR: 60.00%
Maturity Date: 07/06/2024
Original Term: 36 Months
Reference Number: 2891

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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