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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 664-666 Old Princes Highway and 66 Glencoe Street, in Sutherland, a residential Sydney suburb situated approximately thirty kilometres south of the central business district.

Sutherland is the home to amenities including general purpose entertainment centre where citizenship ceremonies take place, a community centre, local government council offices and a major central library. There are four schools, one college and several churches of various denominations including Catholic, Pentecostal and Presbyterian, in Sutherland. Most prominent amongst the various parks in the area is Prince Edward Park, situated between the Woronora River and Sutherland. A dedicated recreational area within the park includes facilities for boating and fishing. The park is also the location for the Sutherland Region Girl Guides canoeing facility, Woronora Scout Group and the Woronora Life Saving Club. Sutherland Leisure Centre features a fifty metre heated outdoor pool, an international size water polo pool and a multi-functional family fun and recreation area incorporating both fifty metre and twenty-five metre indoor pools.

The development is less than one kilometre away from Sutherland station, which is served by the Illawarra and Cronulla railway lines, providing links to Central, Martin Place and Bondi Junction. Additionally, Transdev NSW also operates eight bus routes via Sutherland station, as well as one NightRide bus route.

The proposed development of thirty-three residential apartments includes 11 x one bedroom, 21 x two bedroom, and 1 x three bedroom, units above two levels of basement parking and an additional level of basement storage. The building will be serviced by one lift and also boast a communal rooftop garden.

Seven apartments have been sold at a value of $4,528,000 (GST inclusive), which is circa 30 percent of the facility limit (GST exclusive). The Client has discontinued marketing of the apartments and intends to retain the apartments as part of their investment strategy.

#534
Sutherland, NSW
664-666 Old Princes Highway
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 09 April 2020

82%
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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.