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Property Details

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Fixed interest rates ranging from

7.25% - 9.00% p.a.

Short term investments ranging from

1 to 24 months

Reinvest your earnings or have the

interest paid monthly

Property information

The property is located in Beaumaris, a bayside suburb that fronts the waters of Port Phillip and is approximately 20 kilometres south of Melbourne’s central business district. The land is situated on the northern side of Bolton Street, in the municipality of Bayside. The suburb is situated on a headland that almost surrounds the entire suburb on three sides by water. A pedestrian and bicycle trail follows the entire length of the Beaumaris coastline, along the clifftops and beaches.

The surrounding area is wholly residential in nature and is characterised by older-style dwellings on moderate to large allotments. Interspersed are modern, contemporary residences that have been recently developed or renovated.

The property is well positioned and close to a full range of complementary services and facilities including strip shopping at the junction of Balcombe and Bluff roads to the west of the property, or the Concourse Shopping Centre to the south-east. A bus service operates along Balcombe Road and the Mentone Railway Station is just four kilometres to the east. Beaumaris and adjoining Mentone are well serviced by a number of public and private primary and secondary schools. Public reserves and recreational facilities are located within the immediate vicinity including the Port Phillip foreshore, a short distance west. Royal Melbourne, Victoria and Sandringham Golf Clubs are also nearby.

The funding is to construct two semi-attached, two-storey townhouses which will encompass an area of 250 square metres and provide three bedroom accommodation, two bathrooms, two powder rooms, and will include a balance of formal and informal living areas. This will be complemented by a lock-up double garage, decked area, first floor balcony and low maintenance gardens.

The borrower is looking to market the townhouses during the construction phase and therefore there are no requirements for pre-sales prior to settlement.

#478
Beaumaris, VIC
489 Balcombe Road
Investment details
  • Interest rate(p.a.)
  • Loan to value ratio (max.)
  • Loan start date
  • Expected completion date
  • Initial debt coverage ratio
  • Updated debt coverage ratio
  • Undrawn loan amount

Estimated development progress as at 27 March 2020

90%
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Important Information

The interests in the Australian Unity Select Income Fund ARSN 091 886 789 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 your objectives, financial situation or needs. In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the Product Disclosure Statement (PDS) 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.

Interest rates, Loan to Value Ratios (LVRs) and investment terms are subject to a number of assumptions and risk that are detailed in the PDS and SPDS. Interest rates quoted are not guaranteed.

Illustrative Information only: Case study figures are based on internal calculations over a projected period of time and are not necessarily a projection of future performance. Any examples or information provided in the case studies are for illustrative purposes and investors should therefore place no reliance on this content when making any decision to invest. The case studies do not represent a recommendation or Australian Unity’s view on future events, and in no way bind Australian Unity or its related entities.