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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

Comprising five spacious residences, ‘Village Luxe’ is located within a quiet pocket of the prestigious suburb of Toorak, just 6 kms south east of Melbourne’s CBD and in close proximity to the services, facilities and amenities of Toorak Village.

Designed by leading architects Mills Gorman, the three-level development will include a penthouse on the second floor and basement car parking. The innovative design of the building means that each residence will be provided with 100% renewable electricity and access to 100% free electricity, including car charging outlets.

With joinery and finishes by Crampton Dean developments and creative landscapes by Jack Merlo, the apartments will reflect comfort, luxury and prestige with parquet flooring, Italian mosaic tiling, stone walkways, marble bench tops and splashbacks and European windows. Every resident will enjoy reverse-cycle split-system air-conditioning, energy saving LED lighting, security alarm and secure building access as well as direct lift-to-level access.

This syndicate loan has been established to assist with the refinance of an existing loan, and is secured by the ‘Village Luxe’ property situated at 12 Springfield Avenue, Toorak Vic. The loan to value ratio of 57.76% has been calculated using the price the property was last transacted at ($6,300,000 as at March 2017). A loan term of 6 months is required in order for the borrower to engage a contract builder and finalise construction documentation.

#550
Toorak, VIC
12 Springfield Avenue
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 02 October 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.