Development Site
Blacktown, NSW
REF ID: LC-0145
Credit Connect Group is pleased to present a development site located in Blacktown, NSW,
Investment Overview
First mortgage funding in the sum of $6,825,000.00 is required to assist with a refinance of the security property.
The security property benefits from Development Consent (JRPP-16-03340) for the construction of an 18-storey mixed-use development, containing nine retail/commercial units on the ground and first floors, 133 residential apartments (58 x 1-bedroom, 58 x 2-bedroom and 17 x 3-bedroom) above three basement levels containing 136 car spaces and associated landscaping and stormwater drainage works.
Under the Blacktown LEP 2015, with the height limit having increased from 65 metres to 80 metres, the security property is now subject to plans for 216 units (204 residential apartment & 12 commercial/retail units).
The subject property has a site area of 2,024 square meters and is approximately 40km west of the Sydney CBD.
Zoned MU1 Mixed Use under the Blacktown Local Environmental Plan (LEP) 2015.
You can begin building your private credit investment portfolio with Credit Connect Group (CCG) by investing in loans secured by Australian real estate. Information and images presented on this website are for general informational purposes only and should not be relied upon. While care has been taken, CCG does not warrant or guarantee the accuracy, completeness, or currency of such information. Full details of each investment opportunity are provided in an Information Memorandum (IM) specific to that opportunity. The IM is the only document upon which an investment decision should be based and is available exclusively to registered CCG investors. To register and obtain a copy of the IM, please complete the enquiry form below, email us at [email protected] or call 1300 795 507 to speak with our investment team.
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