Elliminyt, VIC

26.76ha englobo land with residential Permit pending

The Loan is secured by first registered mortgage over six (6) parcels of vacant 'General Residential' zoned land, which form an irregular shaped englobo site in Elliminyt, VIC, 3.4km south of the Colac town centre and 152km south west of the Melbourne CBD.

The Security Property is included within the ‘Hillview’ Development Plan and was rezoned in December 2023 to 'General Residential'. A Planning Permit application was submitted to Council for a multi-lot submission proposed to yield 286 residential lots.

The purpose of the Loan was to assist with the acquisition of the Security Property for future redevelopment.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.40% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several personal and corporate guarantees and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 9 July 2025 to 8 July 2026.

Investment Details

• Target Return

  8.4% net

• Loan to Value Ratio

  65%

• Term

  12 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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