Investment Overview:

First mortgage funding in the sum of $19,065,000 is required to assist with a refinance of the security property and provide sufficient capital to reimburse and remit Council Contributions for both Stage 1 and Stage 2.

The subject property comprises a 1.57-hectare (3.925 acres) site, zoned R2 low-density residential, has a minimum dwelling density of 12.5/ha and a maximum building height provision of 9 metres.

Development approval was approved on 9 March 2023 for the tree removal, demolition of existing structures and Torrens title subdivision of 1 lot into 1 residue lot and 32 residential lots over 2 stages and associated civil works including the construction of a temporary on-site detention basin.

The borrower has completed all Civil Works on all the approved allotments. There are 32 allotments in total, with lot sizes ranging from 300 sqm to 470 sqm, with a total area of 11,683 sqm, reflecting an average lot size of 365.09 sqm. Existing improvements have been demolished and civil works are now complete, services and onsite detention basin installed, internal roads created with bitumen and concrete rolled gutters. 

The borrower has already pre-sold five (5) allotments with the gross pre-sales figure being $4,840,480.00 which represents pre-sale debt coverage of 25%.

Features of the property are:

• • Zoned R2 Low Density Residential by virtue of State Environment Planning Policy (Precincts – Central River City) 2021.
  • Local Government Authority (LGA): Blacktown City Council.

The subject property is well-positioned in the growth corridor of Greater Sydney, in the suburb of Tallawong and is within proximity to existing public transport, amenities and major transport nodes. 

Other notable landmarks include:

• • 45 km west from the Sydney CBD
  • 10 km north of the secondary commercial precinct of Blacktown
  • 2.9 km southeast of Tallawong Metro Station

• • 4. 1.8 km southwest of Schofields Train Station.
    

 

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.