Port Melbourne, VIC

Four (4) adjoining industrial buildings which collectively form a future mixed use development site

The Loan is secured by first registered mortgage over a 5,306m² development site, currently improved with a mixed of single level and double storey industrial buildings, located in Port Melbourne, VIC, approximately 1.5km south west of the Melbourne CBD.

The property is held across four (4) individual titles. It comprises a rectangular shaped site currently tenanted for showrooms and workshops, providing short term holding income.  

A development application has been submitted for three (3) towers (15-21 storeys), including a supermarket and 467 apartments, in line with the Council’s affordable housing strategy.

The Borrowing Group is a well established operator in the automotive industry with over 40 years of successful business experience. They are also experienced property investors, having acquired and sold multiple commercial properties over the past 20 years.

• The Loan was advanced at a Loan to Value Ratio of 67%.
• The Target Return is 8.30% 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 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 15 April 2025 to 14 April 2026.

Investment Details

• Target Return

  8.3% net

• Loan to Value Ratio

  67%

• Term

  15 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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