PROJECT DETAILThe Secured Property is situated at 27 Driscolls Road, Kealba, Victoria.
The development is a proposed re-development of a 6 hectare former school site as a new residential community comprising of townhouses (1, 2 and 3 storey) and low rise apartments (up to 3 storeys) within a landscaped environment. A development yield of around 220 to 240 dwellings in total is targeted subject to approvals.
The contract price of the Secured Property is $24,165,000. A valuation has been undertaken to confirm the value. Based on the contract price of the Secured Property, the loan-to-value ratio is 41.4%.