Investment Overview:
The security property is a levelled vacant allotment with a slight crossfall and a total land area of 491 sqm.
The borrowing company also owns the two adjoining properties and purchased this property to amalgamate the site for future development. These properties are currently leased to third-party tenants at the rate of $580 p/w and $600 p/w respectively. All properties offer water views, are well-serviced by main roads and are connected to the usual facilities. The properties are zoned "MU1: Mixed Use" by the Lake Macquarie Local Environmental Plan.
The subject property is located at Belmont, NSW, approximately 20 km south-west of Newcastle CBD on the eastern side of Lake Macquarie.
Other notable landmarks within proximity include:
- Primewest Belmont Citi Centre 260m.
- Lake Macquarie Yacht Club 600m.
- Nine Mile Beach 5.6km.
- Newcastle Airport 41.7km.
You can begin building your first mortgage investment portfolio today by investing in a first mortgage investment loan with Credit Connect Group (CCG). CCG is not responsible for the accuracy of information or images related to investments on our website. Complete and final information on each specific investment opportunity is presented to our Investors via a Supplementary Information Memorandum (SIM). The detailed SIM is exclusively available to Investors registered with CCG. To register and receive a copy of the SIM, please contact us via the enquiry form below, email us on [email protected] or phone 1300 795 507 to speak with our investment team.
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