logo
CONSTRUCTION PROJECT
Mermaid Beach, QLD
The subject site comprises two adjoining lots, forming an irregular shaped lot that is approximately 840 square metres. A planning permit has been granted for the demolition of the existing dwellings on the site and the construction of eight residential dwellings. Six dwellings will each be approximately 208 to 290 square metres while comprising of 3 bedrooms, 2.5 to 3.5 bathrooms and 2 car spaces. Two dwellings are penthouses of approximately 376 square metres and each will comprise 3 bedrooms, 3.5 bathrooms and 2 car spaces. Mermaid Beach is located approximately 14 kilometres south-east from Southport CBD and approximately 85 kilometres south-east from Brisbane CBD. Local amenities include retail and commercial strips, public transport, educational facilities, hospitals and beaches. The surrounding development in the area consists a mix of low and medium density residential development. Interest is prepaid for the term of the loan. Construction is approximately 76% completed. 1 unit has presold. The valuation report has an incorrect street address noted, we can confirm the rest of the valuation report is correct.
Back to List
 

Valuation Reports:

Return: 8.54%* p.a. Fixed
LVR: 65.00%
Months Remaining: 7
Investment Ref: 640794
Total Loan: $18,492,500
Original Term: 19 Months
Credit Coded: No

This investment is being made available by La Trobe Financial Asset Management on a Peer-to-Peer (P2P) basis for your consideration.

*The rate of return on your investment is current at 1 April 2024. The rate of return is not guaranteed and is determined by the performance of the investment you select as disclosed in the SPDS and may be lower than expected. Investment earnings are dependent on the borrower making the payments required under the loan. Payments are generally monthly, but this may be varied by disclosure in the SPDS.

An investment in the Credit Fund is not a bank deposit, and investors risk losing some or all of their principal investment. Past performance is not a reliable indicator of future performance. Withdrawal rights are subject to liquidity and may be delayed or suspended.

La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence 222213 Australian Credit Licence 222213 is the responsible entity of the La Trobe Australian Credit Fund ARSN 088 178 321. It is important for you to consider the Product Disclosure Statement (PDS) when deciding whether to invest or to continue to invest in the fund. The PDS and Target Market Determination is available our website.

Request SPDS:

Available Investment: $584,500
If you would like to invest in this property please provide your details below and we will email an SPDS to you.

New Investor?

Our P2P investments are only available to registered members of our Credit Fund. You will need to register with us to start investing.

Register

Alternatively please contact our Credit Asset Management Team on 1800 818 818.

© Copyright 2024 La Trobe Financial Services Pty Limited ABN 30 006 479 527. All rights reserved. No portion of this website may be reproduced, copied, or in any way reused without written permission from La Trobe Financial. La Trobe Financial Services Pty Limited ACN 006 479 527 Australian Credit Licence 392385. La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence 222213 Australian Credit Licence 222213.