Fully Invested

Kilsyth, VIC

Older style improved industrial property – Permit Approved for redevelopment.

The Security Property comprises six (6) detached industrial buildings located in Kilsyth, VIC, approximately 30km east of the Melbourne CBD.

The site comprises 27,660m² of ‘Industrial 1’ zoned land under the Yarra Ranges Council authority. The surrounding land uses comprise predominantly larger, older style industrial facilities of varying utility, with recently developed industrial properties interspersed, including the Merrindale Industrial Estate situated to the west.

Improvements include six (6) older style detached circa 1970/1980’s industrial buildings and associated car parking spaces. A Planning Permit was approved in December 2023 for construction of 20 industrial units and parking. The permit requires works to commence within 2 years.

The Borrower Group are experienced property investors and developers based in Melbourne. The Borrower Group generates substantial income through its real estate holdings as well as holding substantial net assets.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.

  • The Loan was advanced at a Loan to Value Ratio of 31%.
  • The Target Return is 8.95% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by a Director's guarantee, 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 21 December 2023 to 20 December 2024.

Investment Details

  • Target Return
    8.95% net
  • Loan to Value Ratio
    31%
  • Term
    6 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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