Yass, NSW

Industrial land with future development potential

The moderate LVR of 58% (GST exclusive) mitigates risk.

The Loan is secured by first registered mortgage over a 21,250m² near level, regular shaped, industrial development site located in Yass NSW, approximately 60km west of Canberra’s CBD, and 300km south west of Sydney. The site has good access from Grand Junction Road, and all services are connected to the site.

Yass is a rural service township centrally located in the southern tablelands sheep and wool production region. It continues to increase its resident population due to the affordability of housing, larger lot sizes and commuting proximity to Canberra. The Hume Highway and Barton Highway are 5km to the north and south of the Security Property respectively.

The Borrower Group is an established Canberra building supplies and hire group with multiple businesses and specialisation in small to mid-scale projects.

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 58%.
• The Target Return is 9.35% 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.
• The Borrower is to make monthly interest payments in advance. The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 9 January 2024 to 8 January 2025.

Investment Details

• Target Return

  9.35% net

• Loan to Value Ratio

  58%

• Term

  8 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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