Construction
New Lambton, NSW.
REF ID: LC-0198
Investment Overview
Credit Connect Group is pleased to present an investment opportunity secured by a first registered mortgage for a Multi Dwelling Housing Development. The works being funded here comprise the second stage of the original development and include demolition works.
The Security Property
The Security Property comprises two adjoining, vacant and cleared allotments with a combined site area of 518.4m² (Lot 50 250m² and Lot 51 268.4m²), approximately 6km west of the Newcastle CBD. At the date of valuation, the site had been cleared and excavated, with preliminary earthworks and foundation preparation underway.
The site holds Development Approval (DA2023/01165) issued by the City of Newcastle on 4 December 2024 for multi dwelling housing involving demolition and a two-into-five lot subdivision. This facility funds Stage 2 of that approval being the demolition of the two existing dwellings and construction of two detached, double-storey dwellings, together with associated driveway, kerb, guttering and footpath works to Regent Street.
On completion, each dwelling will provide 4 bedrooms, 2 bathrooms plus powder room, an attached double garage, internal lift, high-quality finishes throughout, and a rear inground swimming pool.
Key features include:
- Zoning: R2 Low Density Residential – Newcastle Local Environmental Plan 2012
- Local Government Authority (LGA): City of Newcastle
- Approximately 6km west of Newcastle CBD
- Close proximity to New Lambton Public School, Lambton High School, Westfield Kotara Shopping Centre and John Hunter Hospital
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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