This security property is situated in Newborough approximately 150 km east of Melbourne’s Central Business District with an Urban Growth Zoning.
The security property comprises 30.145 ha of developable land. Subdivision Plan shows a yield of 315 residential allotments across 11 stages with an average size of 612m². Stage 1 (comprising 58 lots) is completed with settlement taking place plus remaining lots on the market for sale.
Borrower commenced subdivision works in relation to Stage 2 (comprising 37 lots) & 3 (comprising 31 lots).