Pallas Capital invites eligible investors to participate in this First Mortgage Construction investment opportunity located in the affluent bayside suburb of Brighton, approximately 11.7km south-east of Melbourne’s CBD.
First Mortgage Construction Brighton
The purpose of this construction loan is to assist with the refinance of the security property and construction of a three storey residential building, Pillar+Tide, comprising sixteen luxury apartments. Construction works commenced 23 November 2020 with a current forecasted Practical Completion date of 4 May 2022.
Brighton represents one of Melbourne’s most prestigious suburbs, with all forms of residential real estate being within the upper end of Melbourne’s capital value price sector and in particular, it has an established high-end apartment sector appealing to wealthy downsizers and retirees.
The development site occupies a corner position on the south-eastern side of Male Street and the north-eastern side of Black Street. Surrounding development is predominately residential in nature characterised by large house lots comprising substantial single and two-level detached dwellings, interspersed within medium density townhouses and low-rise apartment developments.
3) Half Moon Café
4) Laurent Bakery
5) Church Street Fitness
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