16 7月 Eltham Oak Investment Option
目标利率：8.5 % p.a. net
Target Return: 8.5% p.a. net
Term: 6 mths
Loan Purpose: Construction
Facility Type: First mortgage
Valuation: Gross Realisation upon Completion: $7,650,000 (as at 15 January 2021)
Loan to Value Ratio Under 65%
SELECT INVESTMENT OPPORTUNITY
8.5 % p.a. net
LOAN TO VALUE RATIO
- Eltham位于墨尔本中央活动区东北约 20 公里处。该地区拥有广阔的公园和保护区，绿树成荫的街道。许多当地居民反对高密度开发，保持了该地区的乡村魅力。
- 该镇拥有Coles、Woolworths 和 Aldi 超市、所有主要银行和提供一系列服务的专业零售商，以及众多餐馆和咖啡馆。
5个联排别墅已由 Ray White Eltham Office 出售，日期为 2021 年 7 月 8 日。债务覆盖率已超过 100%。
The borrower is experience developer has built many properties in Melbourne including Medical Centre, Student Accommodation and townhouses.
The subject property is located on the north-eastern side of Main Road in the outer northern suburb of Eltham.
Roads and Services
Main Road is a fully constructed bitumen road with concrete kerbs and channels with concrete footpaths. All services are available to the property.
Eltham is located approximately twenty kilometres north east of the Melbourne Central Activities District. The Yarra River forms the southern boundary of the suburb along with the adjoining suburbs of Eltham North, Research and Warrandyte are known as “green areas”. There are extensive parks and reserves in the area, tree lined streets and many local residents have opposed high density developments, maintaining the rustic charm of the area.
The Eltham Business Centre is primarily located on Main Road approximately one kilometre north of the subject site. It includes Cols, Aldi and Woolworth Supermarkets, Banks and an array of specialty retailers, restaurants and cafes.
The area attracted many artists and Montsalvat was established as an artist’s colony and is now an attraction to the area. Mention should also be made of the miniature railway which is very popular. There are numerous schools in the area including Eltham, Eltham East and Eltham North Primary Schools, Our Lady’s primary and Eltham College. Eltham includes an extensive local bus network linking with schools and shops as well as the Eltham Railway Station which provides a City bound service.
The town is well established with a Coles, Woolworths and Aldi supermarkets, all the major Banks, and specialty retailers providing a range of services as well as numerous restaurants and cafes. The Eltham Railway Station is located on the western side of Main Road towards the centre of the main shopping strip. There is an extensive local bus system linking schools as well as some of the adjoining suburbs.
The subject property comprises a development site with Permit for the construction of eight (8) dwellings, currently, as at the date inspection, seven (7) dwellings were at various stages of construction with the eighth not yet commenced. The description of dwelling and townhouse is interchanged.