Townhouse Construction in Bayside Location

Residential Construction - Townhouses

2959

This Security Property is situated in a prime bayside residential area of central Mordialloc approximately 24 kilometres south east of Melbourne’s Central Business District. The popular Main Street Mordialloc retail strip is only 100 metres walking distance. Various recreational facilities, including swimming beaches on Port Philip Bay only 100 metres south east at the end of Epsom Street.

The Security Property comprises 792.50 square metres of irregular shaped land. A Planning Permit was issued by the City of Kingston which allows for a development of 5 dwellings and a 5 lot subdivision. To be erected are 5 luxury townhouses to be built in a row down the site over three levels, access via a common driveway. Each townhouse includes 3 bedrooms and 2 bathrooms, a double garage and a balcony.

Maximum Loan Amount $4,799,000
Interest Rate 6.60% p.a. (variable)
LVR: 66.66%
Maturity Date: 10 October 2024
Original Term: 36 Months
Reference Number: 2959

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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