This security property is situated in the outer northern township of Beveridge approximately 40 km from Melbourne’s CBD. Beveridge is an existing rural township, adjoining the emerging residential suburbs of Kalkallo, Mickleham and Wallan. The outer northern fringe suburb of Craigieburn is located approximately 10 km to the south.
The security property adjoins rural-residential development with the immediately surrounding land also included within the Beveridge Central PSP, land further west comprises established residential development within the Mandalay Estate.
The properties comprise 12 parcels of vacant land with a total area of 27.423 ha and a proposal for 627 residential allotments. Development will be undertaken over a number of stages (24 stages). The Borrower is predominantly using their own funds to develop the project.