Bronte, NSW

Freestanding luxury residential dwelling with ocean views

The Loan is secured by a first registered mortgage over a 575.4m², 4 bedroom home with ocean views located in Bronte, NSW, approximately 9km south east of the Sydney CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust, known as the Macpherson Street Sub-Trust.

The property is a modern 4 level dwelling, with off-street parking, in a sought-after address in the eastern suburb of Sydney. The property has extensive north facing ocean views to Bronte Beach and surrounds.

The site is zoned ‘R2 Low Density Residential’ under the Waverley Local Environmental Plan 2012. The surrounding environment comprises a mix of single residential dwellings, low-rise residential unit blocks and high-rise apartment buildings.

The property benefits from close proximity to all necessary services and amenities. Local retailing strips are along Bronte Road and Macpherson Street, major shopping facilities at Bondi Junction, including Westfield Shopping Centre, are to the north west and the subject is within walking distance to Bronte Beach.

The Security Property is well connected to public transport, with bus services to the Sydney CBD and greater metropolitan area available along Macpherson Street and Bronte Road, as well as railway services immediately to the north west at Bondi Junction.

The Borrowing Group generates substantial income through a diverse portfolio of property and other investments.

The Borrowing Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 7.95% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by joint and several guarantees and a General Security Agreement over the Borrower and a related corporate entity.
• 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 20 October 2023 to 19 October 2024.

Investment Details

• Target Return

  7.95% net

• Loan to Value Ratio

  70%

• Term

  5 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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