Heidelberg West, VIC

Residential - townhouse development site

The Loan is secured by first registered mortgage over a 'General Residential' zoned,1,252m² medium density townhouse development site in Heidelberg West, VIC, approximately 10km north east of the Melbourne CBD.

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

The Borrower intends on lodging a Development Application with the local council for the development of eight (8) townhouses.

The subject property is well serviced by local amenities, including retail and recreational facilities.

The Sponsor is known to the Manager and has completed similar townhouse developments in the past.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.10% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by joint and several 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 2 March 2026 to 1 March 2027.

Investment Details

• Target Return

  8.1% net

• Loan to Value Ratio

  70%

• 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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