Future development land in Wyndham Vale, VIC

Vacant Land - Pre Development

The subject property comprises an irregular-shaped, 30.30ha Urban Growth Zone, generally level englobo development site fronting the eastern side of Hobbs Road. It adjoins Werribee River to the east and undeveloped land to the north and south, with an existing dwelling and associated outbuildings occupied by the vendor and subject to an ongoing tenancy in a non-developable component of the holding.

The land is identified primarily for residential development and surrounds a future sports facility (already acquired by council) and future local school at the southern alignment.

A rezoning amendment is underway to increase the net developable area by 4.09ha and future density of the property from circa 275 lots to 382 lots.

It is expected a Planning Permit will issue following completion of the rezoning process. The Cultural Heritage Management Plan (CHMP) retrieval is noted by the valuer as underway.

Maximum Loan Amount: $24,245,000.00
Interest Rate:9.00% p.a. (Variable)
LVR:65.00%
Maturity Date:October 2027
Approved Term:12 months
Reference Number:3265

You should first read and consider the PDS (1 February 2023) and SPDS (1 March 2024) and TMD for the RMBL Mortgage Income Investments Fund available at www.rmbl.com.au/investment/ and consider whether the Fund meets your investment objectives, financial situation and needs as well as the specific Loan Supplementary PDS you may wish to invest in. Investment in a specific Loan is subject to availability. Funds for investment can only be accepted by completing the Investment Application and consent is required for investment into a specific Loan.

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