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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 within the established suburb of Northcote, approximately 5.8 kilometres north-east of Melbourne’s Central Business District. The subject property is in close proximity to a range of amenities including All Nations Park (400 metres), Northcote Shopping Plaza (200 metres) and Northcote station (300 metres).

The railway station is served by the Mernda railway line, which also connects with Merri and Croxton stations, located in the area. Westgarth and Dennis railway stations are also in Northcote, being served by the Hurstbridge railway line. With a rich history spanning 150 years, Northcote High Street is home to an eclectic mix of bars, cafes and restaurants, as well as retailers including an array of boutique independent designers, working in areas such as fashion, furniture and jewellery.

Several sporting teams can be found in the area, across a variety of disciplines including but not limited to soccer, swimming, cricket, football, and bowls, along with no less than five primary schools (all co-ed) and a two high schools (one co-ed).

The Syndicate-Fund will have first mortgage security over the property and its existing improvements. A Planning Permit is in place and the Borrower intends to develop a project known as ‘1888 Northcote’. The proposed development is a six-level residential apartment building comprising 23 apartments with a mix of 1,2 and 3 bedrooms, commercial units on ground floor and 2 levels of basement parking.

#542
Northcote, VIC
340 High 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 06 August 2019

0%
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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.