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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

Property information

Comprising twenty spacious apartments and two retail units, ‘Luxe Apartments’ is situated within the well-regarded suburb of Surrey Hills, just 11kms east of Melbourne CBD. This convenient location is within proximity to the services, facilities and amenities across both Whitehorse Road and Mailing Road.

The expansive four-level development will demonstrate contemporary Sgourakis Architects commitment to long term quality and comfort with airy two and three-bedroom apartments and private open space in the form of courtyards and balconies. Each residence will also enjoy the benefit of a secure basement car park.

With high quality joinery and finishes the apartments will reflect luxury low maintenance living with engineered European Oak floorboards, 100% wool carpet, floating vanities, designer stone bench tops and Miele stainless steel appliances. Every resident will enjoy reverse-cycle split-system heating and cooling to living rooms, CCTV to car park and main foyer, intercom to apartments and a central gas hot water system.

This syndicate loan has been established to assist with the proposed development of mixed use ‘Luxe Apartments’ located at 1A Middlesex Road and 298 Canterbury Road, Surrey Hills. The loan to value ratio of 66.50% has been calculated using the valuation completed by M3 Property dated 24 September 2019 of $18,460,000, GST exclusive. A loan term of 20 months is required, and at the conclusion of the loan term if there is an amount outstanding the Borrower is expected to refinance with another lender.

#551
Surrey Hills, VIC
1A Middlesex 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 October 2020

34%
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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.