First Homebuyer’s Delight

Townhouse Construction

2638

This Sub-Scheme property is situated in Langwarrin approximately 45 kilometres south of the centre of Melbourne with a General Residential Zoning under the Frankston Planning Scheme. Surrounding properties are predominantly mixed residential housing, including a large-scale unit development adjacent on the west side and parkland adjoining to the east side. The major Frankston shopping centre and railway station are about 6 kilometres west with passing local bus services. The Karingal Hub shopping centre is only 1.5 kilometres west. State and denominational schools are nearby, together with various recreational activities including popular swimming beaches in Frankston. Peninsula Private Hospital is close by together with Peninsula Link, providing efficient freeway access into Melbourne.

The Sub-Scheme property contains an approximate area of 7,915 square metres (1.956 acres) of irregular shaped land.

A planning permit was issued on the 6th of June, 2019 for 19 freestanding townhouses.

The proposed development will comprise 9 single storey dwellings and 10 double storey dwellings with an average size of 139 square metres, all will have 2 bathrooms with all but two units being 3 bedrooms. All units will have an attached double garage with automatic door and internal access into the dwelling.

Construction works are well underway.

Current Approved Loan Facility $6,875,000
Interest Rate Closed
LVR: 66.66% of Gross Realisation (ex. GST)
Maturity Date: Closed
Original Term: 36 Months
Reference Number: 2638

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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