Noosaville, QLD

A dual tenancy retail building and a 2 bedroom unit

The Loan is secured by first registered mortgage over a single-storey, dual tenancy retail building and a 2 bedroom strata unit in Noosaville, QLD, approximately 4km from Noosa Junction.

The Security Properties are located on the southern side of Gympie Terrace, which is a well-patronised retail strip with strong exposure to passing traffic.

The purpose of the Loan is to provide an equity release to the Borrower against the Security Properties.

The properties are zoned 'Tourist Accommodation' and 'District Centre' respectively under the Noosa Plan 2020. The surrounding environment comprises a retail strip with mixed commercial, holiday accommodation, and residential uses.

• The Loan was advanced at a Loan to Value Ratio of 66%.
• The Target Return is 7.75% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a personal guarantee and a General Security Agreement over the Borrower.
• The Borrower is to make monthly interest payment in advance. The Manager has assessed the financial position of the Borrower and Guarantor 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 16 March 2026 to 15 September 2027.

Investment Details

• Target Return

  7.75% net

• Loan to Value Ratio

  66%

• 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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