Fully Invested

Hawthorn, VIC

Fully tenanted retail and office building

The property comprises a mixed use, single level building providing retail shops and offices, together with 14 car parks. The site area is 809m2.

The Gross Lettable Area is 360m2 and the property is fully leased to six (6) separate tenants.

The property is positioned to the eastern side of Glenferrie Road, Hawthorn, a highly regarded retail and commercial precinct within the Inner East of Melbourne. The precinct comprises a variety of strip shopping, two (2) supermarkets, major bank outlets, various restaurants and cafes and service businesses. The precinct has excellent public transport with Glenferrie train station and trams on Glenferrie Road.

The property also has future redevelopment potential due to the location and flexible 'Commercial 1' zoning.

The Borrower Group is a highly experienced property development and investment group that specialises in the medium density and high density commercial and residential development space. They hold significant commercial real estate assets from which they generate substantial income that will be used to service the Loan.

The Borrowing Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.

The Loan is secured by first registered mortgage, joint and several personal and corporate guarantees and a General Security Agreement over the Borrower.

  • The Loan was advanced at a Loan to Value Ratio of 70%.
  • The Target Return is 6.65% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by joint and several guarantees and a General Security Agreement over the Borrower.
  • Interest is to be paid by the Borrower monthly in advance via direct debit. The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process and is satisfied that they are financially capable to service (pay interest) a loan of this nature.
  • The Loan Term is 6 months, subject to early or late repayment, from 5 July 2022 to 4 January 2023.

Investment Details

  • Target Return
    6.65% net
  • Loan to Value Ratio
    70%
  • Term
    4 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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