The Sub Scheme property is situated in a major established industrial precinct of Dandenong South, approximately 35 kilometres south-east of the centre of Melbourne with an Industrial 1 Zoning under the Greater Dandenong Planning Scheme.
The Sub Scheme property is an Industrial zoned parcel of land 10.03 hectares (24.78 acres) in area which was part of a former sand quarry that has been rehabilitated and filled to allow for industrial subdivision.
A planning permit will be required for further subdivision of this land and there are several options currently in place for the Borrower. At present there are planning permit applications in with the council which will allow for an industrial land subdivision and for two office/warehouse buildings.