Armadale, VIC

Residential Site

The Loan is secured by first registered mortgage over a 1,722m² irregular shaped, vacant parcel of residential zoned land within the inner-city Melbourne suburb of Armadale, approximately 8km south east of the Melbourne CBD.

The Security Property is zoned ‘General Residential’ under the Stonnington City Council which encourages residential development within the planning scheme guidelines.

The property benefits from a Planning Permit to develop 10 apartments over three (3) levels. The Borrower has successfully extended the permit through to January 2027.

The property is well serviced by a full range of supporting amenity and is within proximity to retail precincts, together with a number of well-regarded educational institutions.

The Borrower Group are experienced property developers in Melbourne, with a track record of many successful land subdivisions and mid-to-high rise residential/commercial properties.

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 57%.
• The Target Return is 7.80% 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 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 30 June 2026 to 29 June 2027.

Investment Details

• Target Return

  7.8% net

• Loan to Value Ratio

  57%

• 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.

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