Noosaville, QLD

Luxury riverfront residential dwelling

The Loan is secured by first registered mortgage over a recently completed 3 level luxury waterfront dwelling located in Noosaville, QLD, approximately 30km from the Sunshine Coast airport and 2.6km from Noosa Heads surfing beach.

The purpose of the Loan was to assist with a refinance of the Security Property.

The Security Property comprises four (4) bedrooms, six (6) bathrooms, multiple living spaces, a large pool terrace and a lock-up basement garage for six (6) vehicles. Additional improvements include a home office, wet bar, wine cellar, steam room, sauna, and gymnasium.

The property is situated in an area known as 'Hideaway Island' and provides quality water views with a north east aspect looking over the junction of a number of arms of the Noosa River.

The surrounding environment comprises large, modern high quality architectural residences. The Security Property is well-serviced by public transport, schools and local shopping facilities.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.15% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by joint and several personal and corporate guarantees and a General Security Agreement over the Borrower.
• Interest for the initial 12 months of the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 24 months, subject to early or late repayment, from 26 November 2024 to 25 November 2026.

Investment Details

• Target Return

  8.15% net

• Loan to Value Ratio

  65%

• 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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