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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

The property is located in one of Melbourne’s most desired inner-east locations, just 6kms from Melbourne CBD and within close proximity to the High Street retail strip, transport services, recreational reserves and facilities as well as educational institutions.

This Syndicate-Fund has been established to assist with the refinance of a land facility from another lender and to provide the Borrower time to finalise documentation prior to commencing construction. The loan to value ratio of 65.00% has been calculated using the “as is value” in the valuation report completed by Savills Australia dated 10 February 2020 of $5,600,000 GST exclusive. A loan term of 6 months is required, with the proposed loan facility expected to be repaid by way of refinance by Australian Unity or another lender through a construction loan facility.

A Planning Permit is in place and the Borrower intends to develop a project known as the ‘Armadale Manor’. The collection of three-bedroom apartments will demonstrate renowned architect Rob Mills commitment to modern luxury and forward-thinking design. With a focus on rich, layered interior spaces, ‘Armadale Manor’ sets a new benchmark for design excellence and premium quality with engineered oak flooring, natural stone, custom timber veneer kitchen cabinetry, Astra Walker tapware fittings and premium grade Gaggenau kitchen appliances, wine cellars and gas fire places.

Each light-filled residence will also feature ducted split system air-conditioning, free-to-air tv, a video security intercom system, security zoned lifts to all apartments and access to a shared basement carpark.

#563
Armadale, VIC
112 Kooyong 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 18 February 2020

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.