Wynnum, Redcliffe & Gordon Park, QLD

Two (2) commercial medical centre properties and a residential dwelling

The Loan is secured by first registered mortgages over three (3) separate Security Properties comprising a 1,204m² vacant single level commercial building located in Wynnum, QLD, three (3) commercial units within a mixed-use building located in Redcliffe, QLD, and a 5 bedroom residential dwelling located in Gordon Park, QLD.

The Wynnum property comprises a vacant single level commercial building located in Wynnum, QLD, approximately 19km east of the Brisbane CBD. The Borrower is refitting the Wynnum property with a high-grade medical centre fit-out.

The Redcliffe property comprises three (3) contiguous commercial units located on the ground floor of a mixed-use development on the waterfront at Redcliffe, approximately 40km north east of the Brisbane CBD. 

The Gordon Park property is a double storey residential dwelling, comprising five (5) bedrooms, four (4) bathrooms, an office, multipurpose room, two (2) living areas, two (2) study nooks and a 3 car garage. The Property is located approximately 6.5km north of the Brisbane CBD in the inner Brisbane location of Gordon Park, and backs onto the Kedron Brook recreational area. 

The Borrower is a trading entity that currently operates a medical centre in Clayfield, QLD. The Director of the Borrower previously built a large portfolio of medical centres before selling the franchise in 2020.

• The Loan was advanced at a Loan to Value Ratio of 67%.
• The Target Return is 8.20% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several personal and corporate guarantees and General Security Agreements over the Borrower and related corporate entities.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 16 May 2025 to 15 May 2026.

Investment Details

• Target Return

  8.2% net

• Loan to Value Ratio

  38%

• Term

  13 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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