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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 at 146-148 Great North Road is situated in the suburb of Five Dock, approximately 10 kilometres west from Sydney’s CBD.

The suburb is predominantly residential and is well serviced with amenities close by. The Five Dock main shopping precinct is situated approximately 50 metres away along Great North Road and includes cafes, banks and a Coles supermarket. The location has good access to public transport with bus services nearby together with Croydon Railway station located 3 kilometres to the South. Nearby schools include Five Dock Public School, Domremy Catholic College and All Hallows Catholic Primary School. The area incorporates a number of recreational facilities including Barnwell Park golf course, Timbrell Park, Five Dock Park and Halliday Park.

The funding is for the development of a four storey mixed-use building comprising 21 units and 3 ground level retail shops above a basement. The complex will contain 6 x one bedroom units, 1 x one bedroom plus study unit, 13 x two bedroom units and 1 x three bedroom unit.

The Borrower has requested no pre-sales resulting in a loan to valuation ratio covenant limited to 54.98 percent.

#565
Five Dock, NSW
146-148 Great North Rd
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 04 June 2020

64%
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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.