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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 at 471B Bourke Street in the sought after inner-east suburb of Surry Hills. Situated just three kilometres from the Sydney CBD, Surry Hills is a city neighbourhood with a strong community and a village feel.

The suburb is known for its stylish cultural and café scene and boasts some of the best-quality eating establishments in Sydney, with art galleries, dog parks and markets on the doorstep. Central Station borders the suburb and the CBD is an easy walking distance. There is also a widening network of cycle paths. The area is well serviced with public and private schools including Bourke Street Public School, Crown Street Public School, Sydney Community College, Sydney Grammar School, Sydney Boys High School and Sydney Girls High School. The Australian Institute of Music's Sydney Campus is also located in Surry Hills.

Bourke Street comprises a mix of residential properties including terraces, apartments and warehouse living alongside shops, restaurants and cafes.

The funding is for the purchase and construction of a four storey residential building comprising four apartments. The complex will contain 1 x 1 bedroom, 2 x 2 bedroom and 1 x 3 bedroom apartments. Each apartment spans a single level of the development which will be serviced by a lift.

Construction funding is subject to one unconditional pre-sale which is expected to represent a debt coverage ratio of approximately 33%.

Surry Hills, NSW
471B Bourke Street
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 03 December 2019


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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.