Flinders, VIC

Rural residential lifestyle property

The Loan is secured by first registered mortgage over a rural residential lifestyle property located within the Mornington Peninsula in Flinders, VIC, approximately 100km south of the Melbourne CBD.

The Security Property was unencumbered at the time of making the Loan.

The subject is improved by a circa 1999, double storey residence comprising five (5) bedrooms, four (4) bathrooms and a study. Secondary improvements include a double carport, 30m inground swimming pool, grass tennis court, horse stables, polo field several paddocks and two (2) dams. 

The property is elevated and has excellent views of Western Port Bay and Bass Strait from various parts of the property. The rear of the property also fronts onto the Double Creek waterway with water rights.

The Borrower Group has an extensive background in property acquisition and investment and has been a client of the Manager for over 20 years.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner

• The Loan was advanced at a Loan to Value Ratio of 20%.
• The Target Return is 7.20% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by joint and several personal guarantees.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 13 June 2024 to 12 June 2025.

Investment Details

• Target Return

  7.2% net

• Loan to Value Ratio

  20%

• Term

  9 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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