Dural Land Subdivision, NSW
FAST FACTS
- Project value A$53.7 million (10.8ha site)
- Site acquired November 2016
- Site is currently zoned “Rural In Transition” and is comprised of four lots of 2ha to 4.7ha. There is an opportunity sub-divide the 4-lot site for low density residential use, which would yield in excess of 100 lots.
AUS FINANCE GROUP’S ROLE
- A$20 million site acquisition finance from private lender
- A$9.79 million preferred equity provided by AUS Finance Group
Dural sits 36km north west of Central Sydney. The area historically consisted of large acreage properties, typically in excess of 5 acres, with fragmented agricultural land. The North West area is on the urban fringe and falls within the NSW State Government’s “Urban Growth Corridor”. In addition to the new North West Metro rail link under construction, which will pass within 4km of both parcels, NSW State Govt is also undertaking the North Connex project which will link the nearby M2 motorway directly with the F1 freeway north to Newcastle.
For further information, please call AUS Finance Group on 1800 287 346.
Site A – Southern Parcel
Site B – Northern Parcel
