Fully Invested

Coomera, QLD

Fully leased modern industrial warehouse

The Loan is secured by a first registered mortgage over a single tenanted industrial warehouse in Coomera, QLD within the Gold Coast Marine Precinct, 57km south east of the Brisbane CBD and 25km north of Surfers Paradise.

The Loan is a short-term bridging loan.

The Security Property comprises an 8,863m² irregular shaped allotment improved with a 2019 constructed industrial warehouse providing 2,175m² Gross Lettable Area.  A further 3,400m² of site area remains undeveloped balance land.

Zoning of the property is categorised as 'Waterfront and Marine Industry' under the Gold Cost City Plan.

The property is subject to a single lease agreement for a 5 year period commencing December 2023. The tenant is a well known and established boat builder operating on the Gold Coast for 30 years and now under new management.

The Loan is anticipated to be repaid from refinance into an investment loan.

The Borrower is a family trust representing the investment interests of an established manufacturing operation.

  • The Loan was advanced at a Loan to Value Ratio of 65%.
  • The Target Return is 9.70% 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.
  • Interest for the Loan Term has been lodged on deposit with the Manager.
  • The Loan Term is 6 months, subject to early or late repayment, from 15 December 2023 to 14 June 2024.

Investment Details

  • Target Return
    9.7% net
  • Loan to Value Ratio
    65%
  • Term
    0 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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