Werribee, VIC

Future Industrial Potential - 'Farming' zoned land in Werribee PSP

The Loan is secured by first registered mortgage over an 81.52ha rural property with future industrial development potential in Werribee, VIC, approximately 32km south west of the Melbourne CBD.

The Security Property is currently in a 'Farming Zone (FZ1)' and has been identified within the Werribee Junction Precinct Structure Plan (PSP), which is in the pre-commencement phase as outlined by the Victorian Planning Authority (VPA) in November 2024.

The Security Property is future development land which is slightly irregular in shape and gently undulating with exposure to the Princes Freeway. The site includes several natural watercourses and basic outbuildings. 

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Browns Road No. 4 Sub-Trust.

The Borrower Group intend to hold the Security Property until re-zoning is achieved under the Werribee Junction PSP.

• The Loan was advanced at a Loan to Value Ratio of 49%.
• 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 an individual guarantee from the Director of the Borrower 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 11 June 2025 to 10 June 2026.

Investment Details

• Target Return

  8.45% net

• Loan to Value Ratio

  49%

• 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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