Residential Subdivision, Melton South VIC

Development Location: Custodian 2
The property is situated at 1256-1258 Mount Cottrell Road, Melton South VIC

Development Type:

The amount of the loan facility is $10,505,000.00 and is for a term of 18 months.

The purpose of the loan is to provide funding for stages 1 and 2 of a residential subdivision to be named “The Millstone Estate” and being made up of:-

  • Stage 1 – comprising 61 x lots
  • Stage 2 – comprising 40 x lots

Funding for both stages will commence simultaneously and the lots will range in size from 238 square metres to 619 square metres.

Melton South is a satellite suburb located approximately 31kms north-west of Melbourne’s Central Business District.

The property is also located approximately 3.7kms south of the Eastern Freeway, approximately 3kms south-west of the Rockbank Railway Station and 2kms south of the proposed Toolern Railway Station.  bus services operate along the Western Freeway which provides direct access to the Melbourne CBD.Custodian 1

Woodgrove Shopping Centre and Coburns Central Shopping Centre are located 6kms to the north-west as are several primary and secondary schools, Victoria University, recreational reserves/sporting facilities and public amenities.

Should you require further information in regards to this loan, please contact us to obtain the Supplementary Product Disclosure Statement.