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Property information

The property at 11-13 Pearson Street is situated in the suburb of Cremorne, an established inner suburb of Melbourne located approximately 2 kilometres south-east from the CBD. The location is very central, close to a full range of services whilst being very well serviced by an extensive road and public transport network. The property benefits from its proximity to the Swan Street retail precinct, Richmond and East Richmond Railway Stations along with the Melbourne Cricket Ground and the Melbourne CBD.

Cremorne is a predominantly commercial and residential location with many of the surrounding properties having undergone gentrification over the past 5 to 10 years from former industrial land uses. The property has two street frontages and has recently been issued with a planning permit allowing for development of the land for the construction of a mixed use building.

The client is proposing to use the loan term in order to attend to preparation of construction documentation, commencement of marketing and achievement of a sufficient number of presales, which shall allow the client to refinance the loan facility via a suitable construction facility.

Property details

  • Syndicate No.
    525
  • Interest Rate (Net PA)
    7.60%*
  • Loan to Value Ratio (LVR)
    60.00%*
  • Repayment Date
    June 2019
  • Investment Term
    9 Months
  • Property Type
    Residential

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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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