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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 ten apartments, the proposed development is situated within the prestigious suburb of Kew, just 6kms from Melbourne CBD and close to the services, facilities and amenities of the Glenferrie Road retail village. This location is also within proximity to a number of Melbourne’s most prominent private schools.

Designed by C Kairouz Architects this three-level development will present a rare collection of highly refined one, two and three-bedroom apartments. Surrounded by heritage parklands and coupled with a vibrant village, each home will exude an enduring elegance with design accents and refined materiality seamlessly connecting each space.

With high quality joinery and finishes, each apartment will reflect sophisticated and timeless detailing with a carefully curated palette of finishes, European oak floors, stone benchtops and beautiful bespoke joinery. Each resident will enjoy expansive floor-to-ceiling windows, landscaped garden surrounds, a ground floor lobby and service lift to all levels, and access to a shared basement carpark.

This Syndicate-Fund has been established to assist with the refinance of an existing loan from another lender and to finance the proposed development of a residential apartment complex at 281 Barkers Road, Kew VIC 3101. The Borrower has achieved three qualifying pre-sales, equating to a debt cover of approximately 50.21% (including GST). A condition of the loan is to achieve $5.5 million (including GST) of qualifying pre-sales within 12 months of the loan commencement, which is expected to equate to a corresponding residual loan to value ratio of 29%. At the conclusion of the loan term if there is an amount outstanding the Borrower is expected to apply for refinance with us or another lender.

#553
Kew, VIC
281 Barkers 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 03 September 2020

66%
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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.