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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

Located 1.5 kilometres from the CBD, East Melbourne is a prestigious residential suburb - primarily owing to its high standards of Victorian-era housing and recreational amenities, including proximity to the city, Melbourne Cricket Ground and Fitzroy Gardens.

The Park Residences have been designed by a well-known architect, Robert Mills, and will partially retain the existing building façade, in addition to extensive use of red bricks and dark feature cladding. Gardens and landscaping has been designed by Jack Merlo.

The development will comprise a 3 level building constructed over a basement car park with 3 luxury apartments and will incorporate luxury finishes, an individual basement level temperature-controlled cellar, fully fitted theatre room and large storage rooms. The penthouse is designed over two levels and will incorporate internal lift access in addition to City views from the top level.

The purpose of this Syndicate-Fund is to assist with the refinance of an existing land debt facility and to provide construction funding for the development.

#566
East Melbourne, VIC
181 - 189 Gipps Street
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 29 April 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.