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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 two separate residences, this sprawling double block offers an idyllic setting within a tightly held cul-de-sac alongside Trumper Park. The adjoining properties are located within the established suburb of Paddington, just 4km east of Sydney CBD and in close proximity to the services, facilities and amenities of the Oxford Street retail precinct.

Designed by leading architects Zoltan Kovacs Architect, this development will convert the Sutherland Avenue warehouse into a unique three-bedroom, four-bathroom home with a secure double garage and alfresco terrace. The Harris Street dwelling will be adapted to a four-bedroom, four-bathroom terrace residence with a secure single car port with automated gate and veranda.

Both residences will reflect high-quality contemporary design and will likely incorporate polished timber, natural stone benchtops, premium wool carpets and high-end appliances. Each residence will also feature a video security intercom, alarm systems, ducted reverse cycle air conditioning along with home automation and extensive custom joinery.

This syndicate loan has been established to assist with the refinance of an existing loan from another lender and to finance the renovation and refurbishment of existing residences located at 14 Sutherland Avenue and 49 Harris Street, Paddington. The loan to value ratio of 65.70% has been calculated using the valuation completed by Pontons Valuations dated 9 October 2019 of $11,400,000 free of GST. A loan term of 18 months is required in order for the borrower to engage a contract builder and finalise construction documentation.

#555
Paddington, NSW
14 Sutherland 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 19 August 2020

21%
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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.