Box Hill, VIC

'Industrial' zoned site with holding income

The Loan is secured by first registered mortgage over a 1,090m² 'Industrial 3' zoned corner site located in Box Hill, VIC, approximately 15km east of the Melbourne CBD.

The property is improved with a single storey workshop/warehouse and is currently leased to a car wash operator on a 5 year lease term. The lease agreement is subject to a 6 month demolition clause in favour of the Borrower.

The property represents a future development site with holding income, strategically located in the popular Melbourne suburb of Box Hill.

The Borrower Group are experienced property investors, developers and business operators based in Melbourne with substantial assets. The Borrower Group generates substantial income through its real estate holdings as well as operating profits from Group entities.

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

• The Loan was advanced at a Loan to Value Ratio of 60%.
• The Target Return is 8.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• Interest for the initial 3 months of the Loan Term has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 24 months, subject to early or late repayment, from 29 August 2024 to 28 August 2026.

Investment Details

• Target Return

  8.45% net

• Loan to Value Ratio

  60%

• Term

  24 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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