Select Income Fund

Property information

The proposed development is in Bulimba. A residential suburb approximately 8.3 kilometres by road east of the Brisbane CBD. Oxford Street is a local road carrying a single lane of traffic in each direction between the intersection of Lytton Road and the Bulimba Ferry Terminal of the

Brisbane River.

The surrounding area has established retail and commercial buildings along Oxford Street, Hawthorne Road, and Riding Road. A standalone shopping centre featuring a Woolworths along with other amenities such as cafes, restaurants, and boutique fashion retail stores is located approximately 350 metres west of the Security Property along Oxford Street. Residential dwellings and unit complexes of various sizes are established beyond these retail amenities.

Access to the proposed development is easy and direct via public and private modes of transport with

the Morningside train station around 2.8 kilometres away, multiple bus stops along Oxford

Street, and the Bulimba Ferry Terminal around 850 metres away. More comprehensive retail amenity

is available via Northland Shopping Centre, approximately five kilometres north of the development.

The purpose of the Syndicate-Fund is to assist with the refinance of the existing debt facility, and to

provide the Borrower time to finalise requirements for the proposed construction of a three-level

mixed-use development at 187 – 193 Oxford Street, Bulimba QLD 4171.

Status of development

The development comprises a regular shaped 3,081sqm corner holding with frontage to Oxford

Street, Jamieson Street and Cambridge Street. 187 Oxford Street is improved with an older style medium density apartment building comprising nine units. 189-191 Oxford Street is improved with a modern two-level mixed-use building which provides ground floor retail accommodation and first floor commercial accommodation with basement car parking. 193 Oxford Street is improved with a converted, part two-level residential building which provides ground floor retail accommodation and open parking at the rear.