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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 46 Queens Road is situated in the popular holiday and tourist destination of Sorrento, in the Mornington Peninsula, Victoria.

The Sorrento back beach is in close proximity to the south of the property and the Port Phillip Bay foreshore is a short distance to the north. The property is also one kilometre south east of the Sorrento shopping centre which is quite extensive and incorporates two supermarkets, two hotels and a broad range of speciality shops. The suburb is well serviced with a broad range of amenities including a regular bus service operating along Melbourne road approximately 100 meters to the north of the property. Nearby schools include Sorrento Pre and Primary schools, and Saint Joseph’s Primary School. The area incorporates a number of sports clubs and recreational facilities.

The funding is for the development of two double storey dwellings, each of which will provide four bedroom plus study, three bathroom accommodation and feature double garages, outdoor entertaining areas and swimming pools.

One pre-sale has been achieved for $2.4 million, providing peak debt cover of circa 83 percent (GST exclusive).

#524
Sorrento, VIC
46 Queens 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 15 August 2019

53%
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.