Tarneit, VIC

A 4.05ha 'Urban Growth' zoned mixed use development site

The Loan is secured by first registered mortgage over a 4.05ha 'Urban Growth' zoned mixed-use development site, located in Tarneit, VIC, approximately 26km west of the Melbourne CBD. 

The purpose of the Loan was to assist with refinance of the existing land facility from another lender and provide working capital for pre-development approval activities.

The site is zoned ‘Urban Growth Zone - Schedule 13’ under the Tarneit North Precinct Structure Plan (PSP). Within the PSP, the majority of the site is intended for commercial land uses.

The surrounding development comprises similarly zoned land, with a combination of completed residential subdivisions, 'Urban Growth' zoned land and commercial development.

The main retail precinct, the Tarneit Shopping Centre, is within 2km of the subject property, offering comprehensive retail amenities including national supermarkets, K-mart discount store, cafes, restaurants, and a variety of specialty retailers.

No Planning Permit has been lodged, but planning consultants are engaged to promote the site through the local authority, with a final master plan and subsequent planning approval anticipated within the next 12-24 months.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.30% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by personal and corporate guarantees 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 22 June 2026 to 21 June 2027.

Investment Details

• Target Return

  8.3% net

• Loan to Value Ratio

  65%

• Term

  12 Months

• Minimum Initial Investment

  $10,000

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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