Vineyard, NSW

Future commercial development site

The Loan is secured by first registered mortgage over 6,216m² of future development land located in Vineyard, NSW, approximately 45km north west of the Sydney CBD.

The purpose of the Loan was to assist with the purchase of the site.

The site is located within a 'RU4 Primary Production Small Lots' zone under the Hawkesbury Local Environmental Plan 2012. Under this zoning, centre-based child care uses are a permitted use with council consent.

The surrounding environment comprises business, rural lifestyle properties and low density residential areas.

The Manager is advised that the Borrower intends to lodge a Development Application for a 125 place childcare centre, which if approved, would utilise approximately 25% of the total site. The remaining 75% of the site will be cleared and fenced and used as hardstand storage.

The Directors of the borrowing entity are known to the Manager and are experienced in the property development industry. 

The Loan is anticipated to be repaid from refinance into a construction loan or sale of the site with development approval.

• The Loan was advanced at a Loan to Value Ratio of 50%.
• The Target Return is 9.20% p.a., net of fees and expenses, and is paid to Investors monthly in arrear.
• The Loan is secured by first registered mortgage, joint and several personal guarantees and a General Security Agreement over the Borrower.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 30 June 2023 to 29 June 2024.

Investment Details

• Target Return

  9.2% net

• Loan to Value Ratio

  50%

• Term

  2 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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