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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 109 Cape Street is situated 13 kilometres from Melbourne’s CBD, in the popular residential suburb of

Heidelberg in Melbourne’s North East.

The suburb is very well serviced with a broad range of amenities. The Heidelberg railway station is situated just 550 metres

south west of the property and public buses are also available close by. Warringal Shopping Centre is located across

Cape Street and hosts a wide variety of services and retail stores including Coles and Aldi. Nearby Burgundy street also

offers a wide variety of restaurant and shopping options. The area is also well serviced with schools including Saint John’s

Primary School, Our Lady of Mercy College and Heidelberg Primary School all within walking distance. The Austin

Hospital and Warringal Private Hospital are located within a 1.75 kilometre radius.

The funding is for the development of a five storey residential building, known as Cape Apartments, comprising 31

apartments above a ground floor retail cafe. The complex will contain 8 x one bedroom apartments and 23 x two bedroom

apartments.

14 apartment presales have been achieved, totalling approximately $6.56m (GST inclusive) and representing circa 61 percent debt cover (GST inclusive), reflective of loan approval.

#520
Heidelberg, VIC
109 Cape 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 05 February 2020

100%
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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.