This Security Property is situated in Newborough approximately 150 km east of Melbourne’s Central Business District.
The Security Property comprises 44.65 hectares of gross land with 30.145 hectares being developable. A Subdivision Plan shows a yield of 315 residential allotments across 11 stages with an average size of 603 m2.
Works are nearing completion on stage 1 which will create 58 residential allotments. The borrower is proposing to undertake stages 2 and 3 soon whish will comprise 68 lots.