Leppington, NSW
2.048ha of Western Sydney Priority Growth Area land – residential development site
The Loan is secured by first registered mortgage over 2.048ha of Western Sydney Priority Growth Area land located in Leppington, NSW, approximately 50km south west of the Sydney CBD and 15km south west of Liverpool.
The site is zoned ‘RU4 Primary Production Small Lots’ under the Camden Local Environmental Plan 2010. The surrounding environment comprises a mixture of rural residential homesites and newly created vacant residential allotments intermingled with newly established residential housing.
The Security Property forms part of the Leppington Release Area Stage 3 within the Western Sydney Priority Growth Area and sits adjacent to residential zoned land. The property is proposed to be rezoned to 'R2 Low Desnity Residential' to facilitate a future small residential lot subdivision.
The Borrower Group is a substantial and successful residential land developer with over 25 years’ experience in land subdivisions in the western suburbs of Sydney. The Group has completed multiple residential subdivisions in and around Leppington and Austral, NSW.
The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.
- The Loan was advanced at a Loan to Value Ratio of 65%.
- The Target Return is 8.40% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by a personal guarantee and a General Security Agreement over the Borrower.
- The Manager has assessed the financial position of the Borrower and Guarantor and is satisfied that they are financially capable to service a loan of this nature.
- The Loan Term is 18 months, subject to early or late repayment, from 3 March 2026 to 2 September 2027.
Investment Details
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Target Return
8.4% net -
Loan to Value Ratio
65% -
Term
18 Months
Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.
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