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CONSTRUCTION PROJECT
Randwick, NSW
The subject site is an irregular shaped lot that is approximately 787.5 square metres. A planning permit has been granted for the demolition of existing building and construction of a residential flat building. The proposed dwelling will comprise of eight three-bedroom units and three one-bedroom units (including 6 affordable housing units) with basement carparking and landscaping. The one bedroom units will comprise a living area ranging from approximately 50 to 61 square metres, whilst the three bedroom accommodations will range from approximately 103 to 122 square metres. Randwick is located approximately 6 kilometres south-east from Sydney CBD and local amenities include shopping centres, public transport, recreational facilities, and beaches. The surrounding development in the area consists of a mix of residential accommodation of varying age including a mix of apartment buildings varying in age together with residential dwellings. Interest is prepaid for the term of the loan. Construction is approximately 15% completed.
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Valuation Reports:

Return: 8.79%* p.a. Fixed
LVR: 66.80%
Months Remaining: 13
Investment Ref: 141705
Total Loan: $20,884,000
Original Term: 18 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 November 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: $4,261,500
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.

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

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