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Property information

The property at 142-144 Lawrence Street is situated in the suburb of Alexandria, approximately 6 kilometres south from Sydney’s CBD.

The suburb is a well-established industrial commercial centre, however in recent years there has been increasing gentrification in the area as a result of residential rezoning of a significant amount of commercial and industrial land. The increased interest in the suburb has seen warehouse conversions, new apartments, Art Deco and Victorian-style houses being bought and renovated.

The property is conveniently situated within walking distance of cafes, shops, a Woolworths supermarket and a Bunnings Warehouse. It is surrounded by recreational facilities including Sydney Park, Perry Park, Harry Noble Reserve, Erskineville Oval and Alexandria Park. The location also enjoys good access to public transport, situated between two train stations, Erskineville and Green Square and with bus services nearby. Nearby schools include Alexandria Park Community School, St Mary’s Catholic Primary School, Erskineville Public School, Green Square School and Newtown Public School.

The funding is for the development of a part three or four storey complex comprising 9 residential units and a rooftop garden. The complex will contain eight x 2 bedroom units and one x 1 bedroom unit.

Five presales have been achieved for a gross value of $6,600,000. This will provide peak debt cover of approximately 93 percent excluding GST. The syndicate loan is due to settle on 12 October 2018.

Property details

  • Syndicate No.
  • Interest Rate (Net PA)
  • Loan to Value Ratio (LVR)
  • Repayment Date
    May 2020
  • Investment Term
    19 Months
  • Property Type
    Residential - Construction

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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.

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