A 10.33ha development site positioned at the south-eastern corner of Sunbury Road and Odysseus Drive, adjacent to the neighbouring Redstone Estate, being delivered by recognised developer Villawood.
The site is designated as the Major Town Centre under the Sunbury South Precinct Structure Plan (PSP), with exposure to Sunbury Road, one of the main commuter routes.
The site benefits from Agreements for Lease with Coles and Kmart as anchor tenants, with further specialty retail proposed.
The land currently benefits from Planning Permit approval, but the borrower is seeking an amended scheme improving the scale and efficiency of the development proposal prior to proceeding to staged delivery.