Investment Overview:
The security property comprises a slightly irregularly shaped, undulating vacant allotment with a total land area of 1.377 hectares.
The property is zoned "Low-Density Residential" by virtue of the Southern Downs Planning Scheme. The land formerly benefitted from a development approval (now lapsed) for Material Change of Use for Commercial Use as childcare centre and retail facilities.
The Borrower has advised they intend to submit a new development application to develop the land on a similar basis to the now-lapsed approvals.
The subject property is located at Warwick, a regional centre with a population of c. 15,000 located c. 130 radial kilometres to the southwest of Brisbane. Other notable landmarks within close proximity are:
- Warwick Town Centre c. 3 kilometers
- Rose City Shopping World
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