Ferntree Gully, VIC

8-bedroom split level brick veneer converted rooming house

The Loan is secured by first registered mortgage over a split level brick veneer converted rooming house, on a 1,011m² lot, zoned ‘Neighbourhood Residential (NRZ1)’, located in Ferntree Gully, VIC, approximately 35km east of the Melbourne CBD.

The improvements comprise a 235m² rooming house containing eight (8) bedrooms, five (5) bathrooms, two (2) kitchens, a communal living/dining area, multiple off-street car parking spaces, a decked pergola and a balcony.

Five (5) of the eight (8) rooms are currently tenanted, and the remaining rooms are expected to be leased within the Loan Term.

The Borrower is a property professional with over 18 years' experience in the property industry. The Borrower is the founder/director of a property consulting business, co-owner of an architectural and interior design business, and an experienced rooming house owner/operator.

• The Loan was advanced at a Loan to Value Ratio of 63%.
• 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 joint and several guarantees and a General Security Agreement over the Borrower.
• Interest for the initial 5 months of the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 9 months, subject to early or late repayment, from 29 June 2026 to 28 March 2027.

Investment Details

• Target Return

  8.45% net

• Loan to Value Ratio

  63%

• Term

  9 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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