Residual Stock Facility - Land Lots
Box Hill, NSW
Open to Wholesale / Sophisticated Investors Only
- PCF Class-8 Units provide investors with the opportunity to participate in a $8.04m cash advance residual stock facility (the "Loan") in Box Hill NSW 2762 to Bathla Group (the "Developer").
- The Loan is secured by a registered first mortgage over each of the 14 lots in the subdivision ("Security Properties"). In addition, the Loan is secured by a first ranking General Security Agreement over the Borrower and personal guarantees from the directors of the Borrower.
- The Security Properties are located in Box Hill, situated approximately 50 kilometres northwest of the Sydney CBD by road. More particularly, the Security Property is located on the southwestern side of Old Pitt Town Road.
- Surrounding development currently comprises residential low-density subdivisions and modern housing estates as well as acreage style properties that are anticipated to be demolished in the future and developed to provide future low to high density dwellings.
- Rouse Hill Metro Station is located approximately 7.6 kilometres southeast and Riverstone Train Station is situated 7.2 kilometres to the south. Rouse Hill Town Centre is approximately 7 kilometres to the southeast.
- There is significant evidence supporting the valuation of the Security Properties. Areas of the Security Property lots range from 301sqm to 368sqm and values range from $743,488 to $908,925; reflecting $2,096/sqm to $2,809/sqm.
- The debt values range from $491,997 to $597,275; reflecting $1,387/sqm to $1,850/sqm.
- The Loan is to be repaid through the sale of the Security Properties or alternatively refinanced via a construction facility to build freestanding houses.
- Distributions are paid monthly in arrears along with capital returned through the sale of Security Properties.
