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Property Details

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Fixed interest rates ranging from

6.75% – 8.75% p.a.

Short term investments ranging from

1 to 24 months

Reinvest your earnings or have the

interest paid monthly

Property information

The development is located in Bellevue Hill - just 6km from the Sydney CBD. This is in proximity to Double Bay, Bondi Beach and Rose Bay - providing easy access to high-end retail facilities, including speciality grocers and vibrant cafes, bars and restaurants.

The finished development will comprise of eight apartments, each with three bedrooms. Interiors are designed by world-renowned design studio Lawless & Meyerson and PBD architects, with a range of premium quality bespoke finishes available. All residences offer generous outdoor space along with two secured garage spaces.

The syndicate loan has been established to assist with the development. The developer undertaking the construction is IPM Pty Ltd (IPM), established in 1979. IPM is a multi-award winning property developer with over 40 years’ experience in developing luxury residential apartments. IPM has completed over 70 developments throughout its history. The property is currently being marketed, and $1,000,000 will be withheld from the Borrower until two pre-sales are achieved. The loan to valuation ratio has been limited to 59.99%.

Bellevue Hill, NSW
26-28 Boronia 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 16 December 2020


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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.