Suncrest Avenue Sussex Inlet NSW

Executive Summary

  • Loan Amount: $5,200,000
  • Loan Type: Bridging loan
  • LVR: 65% (actual 63.41%)
  • Date of Settlement: 17/03/2022
  • Expiry/Repayment Date: 16/03/2023
  • Loan/Investment Term: 12 months
  • Investor Return: 7.00%
  • Funding required to assist with purchase of property
  • Future
  • Future development site. The subject property comprises an irregular, battle axe shaped, vacant allotment with a total land area of 98,200 square metres. The allotment is an Englobo parcel suitable for sub-division subject to council consent.
  • Property has been approved for 2 lot subdivision by Council, with Borrower’s intention to then lodge further application for further subdivision into 113 lots.

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