Sunbury, VIC

Permit Approved commercial town centre development site

The Loan is secured by first registered mortgage over a Permit Approved commercial town centre development site, located in Sunbury, VIC, approximately 35km north west of the Melbourne CBD. The property is currently vacant.

The purpose of the Loan was to assist with the acquisition of the Security Property.

The site is zoned ‘Commercial 1’ under the Hume Planning Scheme and comprises a Net Developable Area of 18,588m².

The majority of the surrounding development comprises recently established detached residential dwellings.

The Borrower Group has proven property developer capability, having completed a number of small residential and commercial developments spanning the last eight (8) years.

• The Loan was advanced at a Loan to Value Ratio of 61%.
• The Target Return is 9.20% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 9 months, subject to early or late repayment, from 31 October 2023 to 30 July 2024.

Investment Details

• Target Return

  9.2% net

• Loan to Value Ratio

  61%

• Term

  3 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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