Sought After Urban Fringe Subdivision

Land Subdivision

2799

This Sub-Scheme property is situated in the outer growth suburb of Pakenham approximately 55 kilometres south east of the centre of Melbourne with the majority of the lots being Zoned Urban Growth under the Cardinia Planning Scheme with a smaller section of these lots being Green Wedge. Lot 1 is Zoned Industrial under the Cardinia Planning Scheme. Surrounding properties include rural to the north, established housing to the east, future residential development land immediately to west and industrial/commercial/retails development further south including Bunnings, Officeworks and other national retailers. Pakenham Village Lakeside shopping centre is about 1 kilometre south with Pakenham town centre about 3 kilometres south east where there is a railway station.

The Sub-Scheme property comprises 6 adjoining Titles with a combined size of 28.6262 hectares (70.73 acres) which is being developed and marketed as Mount Pleasant Estate.

  • Lot H containing 5.096 hectares (12.59 acres) Stage 4
  • Lot I containing 8.162 hectares (20.16 acres) Stages 5A & 5B
  • Lot J containing 7.205 hectares (17.80 acres) Stages 6A & 6B
  • Lot Q containing 4.096 hectares (10.12 acres) Stage 3B
  • Lot N containing 3.171 hectares (7.83 acres) Stage 2B
  • Lot 1 contains 8,624 square metres which contains the sales and marketing office for Mount Pleasant

A Planning Permit was issued in March 2019 for subdivision of land and is still valid. The residential zoned titles are proposed to be subdivided into 366 allotments:

  • Stages 1, 2A & 3A have been completed with settlements taking place which encompasses 43 residential allotments
  • Stages 2B & 3B are under construction at present
Current Approved Loan Facility $33,000,000
Interest Rate Closed
LVR: 50% of ‘as is’
Maturity Date: Closed
Original Term: 36 Months
Reference Number: 2799

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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