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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 at 28-32 Lords Avenue, is situated 26 kilometres from Sydney’s CBD, in the premier suburb of Asquith in Sydney’s Upper North Shore, and located within the shire of Hornsby.

The suburb is predominantly residential and is well serviced with amenities close by. The Asquith railway station is situated just 600 metres south of the property and public buses are available close by. Westfield Shopping Centre at Hornsby, is located just 2.7 kilometres to the south of Lords Avenue and a Coles supermarket is also nearby. The area is also well serviced with schools and colleges including Asquith Boys and Girls High Schools, Barker college, Hornsby Girls High School, Asquith Primary School, Mt Colah Primary Schools and Hornsby TAFE. Several major roadways are also close by including Pennant Hills Road (Cumberland Highway), The Sydney-Newcastle M1 Pacific Motorway as well as the Pacific Highway, which provides access to the wider Sydney Metropolitan area and the north coast.

The funding is for the purchase and construction of a five storey residential building, known as Allira North, comprising 44 apartments above a two level basement. The complex will contain six x one bedroom apartments, one x one bedroom + study apartment, 30 x two bedroom apartments, three x two bedroom + study apartments and four x three bedroom apartments.

Twenty presales have been achieved totalling approximately $13.27m (GST exclusive) and representing circa 74 percent peak debt cover.

#514
Asquith, NSW
28-32 Lords Avenue
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 20 June 2019

95%
Enquiries

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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.