The development is located in Bellevue Hill - just 6km from the Sydney CBD. This is in proximity to Double Bay, Bondi Beach and Rose Bay - providing easy access to high-end retail facilities, including speciality grocers and vibrant cafes, bars and restaurants.
The finished development will comprise of eight apartments, each with three bedrooms. Interiors are designed by world-renowned design studio Lawless & Meyerson and PBD architects, with a range of premium quality bespoke finishes available. All residences offer generous outdoor space along with two secured garage spaces.
The syndicate loan has been established to assist with the development. The developer undertaking the construction is IPM Pty Ltd (IPM), established in 1979. IPM is a multi-award winning property developer with over 40 years’ experience in developing luxury residential apartments. IPM has completed over 70 developments throughout its history. The property is currently being marketed, and $1,000,000 will be withheld from the Borrower until two pre-sales are achieved. The loan to valuation ratio has been limited to 59.99%.
Estimated development progress as at 16 December 2020