Mayfield, NSW

First mortgage funding in the sum of $8,650,000 is required to assist with refinancing current debt and providing funding for business purposes, together with capitalised interest and financing costs.

The security properties comprise of eighteen (18) x brand-new townhouses. The recently completed development project is located within easy walking distance to a number of educational facilities. Works were recently completed on the apartments and the borrower is offering eighteen (18) x townhouse dwellings as first mortgage security. The townhouses are all three (3) bedrooms + study and range in size from 141m2 to 287m2, each with one (1) x car parking space.

The property is zoned “Residential” under the City of Newcastle Local Government Plan and is located 6.6km north-west of the Newcastle CBD. It is situated in the heart of Mayfield, opposite Mayfield East Public School with easy access to local shops and restaurants.

Other landmarks in proximity include:​

• Mayfield East Public School, 270m
• San Clemente High School, 390m
• TAFE NSW Campus, 2kms
• University of Newcastle, 5.6kms
• Merewether Beach, 7.7kms
• Newcastle airport, 20kms
• Newcastle’s CBD, 6.6kms