Vaucluse & Circular Quay, NSW
Prestige residential dwelling & luxury residential apartment
The Loan is secured by a first registered mortgage over a 4 bedroom prestige dwelling in Vaucluse, NSW and a 3 bedroom unit in Circular Quay, NSW.
The Vaucluse Security Property is located on Vaucluse Road and is just a short walk from Hermit Bay and heritage-listed Nielsen Park with elevated views overlooking Sydney Harbour.
The Vaucluse property is zoned as ‘R2 Low Density Residential’ under the Woollahra Local Environment Plan 2014.
The Circular Quay unit is located on Macquarie Street, a highly sought after residential location within the Sydney CBD and just 400m from the Sydney Opera House.
The Circular Quay unit has a view profile of the Sydney Harbour to the north west and Botanical Gardens to the east.
The property is zoned ‘SP5 Metropolitan Centre & SP2 Infrastructure’ under the Sydney Local Environment Plan 2012.
During the term of the Loan, the Borrower intends to redevelop the Vaucluse Security Property to align it with surrounding prestige standards (subject to council approval).
- The Loan was advanced at a Loan to Value Ratio of 70%.
- The Target Return is 8.25% 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 and a General Security Agreement over the Borrower.
- 12 months’ interest 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 18 months, subject to early or late repayment, from 23 April 2025 to 22 October 2026.
Investment Details
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Target Return
8.25% net -
Loan to Value Ratio
70% -
Term
18 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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