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CONSTRUCTION PROJECT
Mentone, VIC
The subject property is an irregular shaped lot that is approximately 1,160 square metres. A planning permit has been granted for the construction of ten three storey townhouses with a ground level commercial tenancy. Each townhouse will comprise 3 bedrooms, 2 bathrooms, double garage and a living area of approximately 126 to 169 square metres. The retail tenancy will have a gross lettable area of 39 square metres approximately. Mentone is located approximately 21 kilometres south-east of Melbourne CBD and local amenities include shopping strip and shopping centres, public transport and schools. The surrounding development comprises established residential housing of varying age, style and condition interspersed with modern townhouse developments and older style units. Interest is prepaid for the term of the loan. Construction has yet to commence and the retail unit and 3 townhouses have presold.
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Valuation Reports:

Return: 8.22%* p.a. Fixed
LVR: 70.00%
Months Remaining: 20
Investment Ref: 141340
Total Loan: $9,625,000
Original Term: 21 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: $2,300,000
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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