The subject property spans approximately 6.22 hectares of generally level, vacant land, where the borrower has applied for Development Approval (DA) to subdivide the land into 25 residential lots. Hawks Nest, a coastal township situated approximately 83 kilometers north-east of Newcastle, is an attractive location for residential development due to its natural beauty and growing demand for housing. With the DA in place, the project is poised to capitalize on the area’s appeal, creating significant long-term value for investors. The investment is secured by a first mortgage on the property, offering a secure and promising opportunity for growth in a desirable coastal market.

Property Details:

• Land Area: The Security Property comprises a generally level, vacant land holding with a total area of approximately 6.22 hectares.
• Location: The property is situated in the coastal township of Hawks Nest, approximately 83 kilometres north-east of Newcastle, a location known for its scenic beauty and appeal to residential buyers.
• Development Approval (DA): The borrower has applied for Development Approval for the subdivision of the land into 25 residential lots. This development will cater to the growing demand for residential properties in the area.

Development Potential:

The property’s location in Hawks Nest, a coastal township, presents significant appeal for residential development. With the DA in place for the development of 25 residential lots, the project is well-positioned to meet the demand for coastal living, creating substantial long-term value for investors.

This project represents a sound investment opportunity, supported by strong development potential in a desirable coastal location.