Wealth
The Property is located in Avondale, a predominantly residential suburb located approximately 102 radial kilometres south-west of Sydney and 14 kilometres south-west of the Wollongong CBD.
Avondale is located on the southwestern edge of the regional town Dapto. Dapto Railway Station and Dapto Mall are within a 2.5-kilometer radius. Dapto Mall tenants include Coles, Woolworths, Big W, major banks and other associated retail. The surrounding development includes rural/residential lots, established detached residential homes and new townhouse and villa developments
The development comprises 85 x three-bedroom townhouses and 7 x four-bedroom townhouses.
The purpose of the Syndicate Fund is to refinance and increase the existing loan facility (Syndicate– Fund 640) to assist with the development of 92 townhouses with associated infrastructure including an internal private road network, a communal open space and landscaping at 24, 24A and 24B Avondale Road, Avondale, NSW 2530.
Interest rate(p.a.) | 9.75% |
Loan to value ratio (max.) | 67.38 % |
Loan start date | 18 March 2024 |
Expected completion date | 29 November 2024 |
Initial debt coverage ratio | 0.00% |
Updated debt coverage ratio | 0.00% |
Undrawn loan amount | $11,514,000.00 |
If you are establishing an account for a Trust please contact 13 29 39.
Interests in the Australian Unity Select Income Fund ARSN 091 886 789 (Fund) are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454. Information provided here is general information only and current at the time of publication and does not take into account the objectives, taxation, financial situation or needs of any particular investor. Information about the Fund can be obtained from the Fund’s Product Disclosure Statement (PDS) and Target Market Determination (TMD) available at Select Income Fund. This product is likely to be appropriate for a consumer seeking income distribution to be used as a satellite/small allocation or a core component within a portfolio where the consumer has a short, medium or long investment timeframe, medium or high risk/return profile and needs annually or longer access to capital. In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the PDS and TMD and seek professional financial and taxation advice. This information is intended for recipients in Australia only. Past performance is not a reliable indicator of future performance.