Tallebudgera, QLD

Large prestige rural residential property with four (4) adjoining rural residential properties

The Loan is secured by first registered mortgage over five (5) adjoining large rural residential properties located in Tallebudgera, QLD, approximately 21km south of the Southport CBD.

Collectively, the Security Properties have a large frontage to Tallebudgera Creek. The Tallebudgera Golf Course is located directly opposite and across the creek from the properties.

The properties are situated within the 'Rural Residential, Rural Residential Landscape and Environment Precinct' zone under the Gold Coast City Town Plan. The surrounding residential development provides a combination of older style rural residential, detached dwellings, and newly renovated or newly constructed modern quality dwellings.

The residence erected on one (1) of the Security Properties is a luxury residence, comprising a circa 2008 double storey, 10 bedroom, 10 bathroom, prestige dwelling with a 5 car garage. The property also features an indoor swimming pool, extensive landscaping, horse stables and a caretaker residence. There are residences on three (3) of the other four (4) properties built circa 2008 and one lot is vacant land.

The properties are situated within proximity to all amenities, including retail, education, childcare, public transport, sporting grounds, and parks.

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 35%.
• The Target Return is 9.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by joint and several personal guarantees and a General Security Agreement over the Borrower.
• Interest is paid quarterly by the Borrower.
• The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process 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 10 April 2024 to 9 April 2025.

Investment Details

• Target Return

  9.45% net

• Loan to Value Ratio

  35%

• Term

  11 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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.