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CONSTRUCTION PROJECT
Highett, VIC
The subject site is a rectangular shaped lot that is approximately 943 square metres. A planning permit has been granted for the demolition of the existing dwelling on site and for the construction of 4 two storey townhouses. Each townhouse will be approximately 146 to 175 square metres. Townhouses 1 and 2 will comprise of 3 bedrooms, 2 bathrooms and a single garage. Townhouse 3 will comprise of 3 bedrooms, 2 bathrooms and double garage. Townhouse 4 will comprise of 4 bedrooms, 3 bathrooms and double garage. Highett is located approximately 20 kilometres south-east from Melbourne CBD and local amenities include shopping strip and shopping centre, education institutions and public transport. The surrounding development in the area comprises detached residential housing on moderately sized lots generally of weatherboard and brick constructions with some contemporary style dwellings interspersed throughout. Interest is prepaid for the term of the loan. Construction is approximately 21% completed.
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Valuation Reports:

Return: 8.04%* p.a. Fixed
LVR: 70.00%
Months Remaining: 12
Investment Ref: 141045
Total Loan: $3,913,000
Original Term: 16 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 for the Credit Fund in deciding whether to invest, or to continue to invest, in the Credit Fund. You can read the PDS and Target Market Determination on our website or ask for a copy by telephoning us on 13 80 10.

Request SPDS:

Available Investment: $1,176,600
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.

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

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