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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 367 Cotham Road, in Kew, an inner Melbourne suburb situated approximately five kilometres east of the central business district.

Known as one of the most prestigious suburbs in Melbourne, Kew attracts keen shoppers to its Kew Junction precinct bristling with established destination shops and gourmet food options. Kew is also home to two primary schools as well as several day and boarding schools for older children, along with three golf courses and Kew football club. Another major attraction is the Studley Park Boathouse – a restored Edwardian building, and the Villa Alba Museum, which sits adjacent to Studley Park.

Kew is served by transport links to central Melbourne and surrounding suburbs with four tram lines and six bus routes being available to residents.

The proposed development of 21 residential apartments includes 4 x four bedroom, four bathroom, 5 x three bedroom, three bathroom, 6 x three bedroom, two bathroom, and 6 x two bedroom, two bathroom, over a dual basement carpark for 58 vehicles. Seven apartments have been presold, establishing a presales debt coverage ratio of at least 56.6 percent that was required for construction purposes.

#538
Kew, VIC
367 Cotham 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 01 June 2020

63%
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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.