Pallas Capital invites eligible investors to participate in this First Mortgage Construction investment opportunity located in Cremorne, a vibrant office and retail precinct located 2.5km east of the Melbourne CBD.
First Mortgage Cremorne
The Loan will be used to repay existing indebtedness on the Security Property; fund construction costs; and to fund loan interest and establishment costs.
The Security Property is situated in Cremorne, an inner-city Melbourne suburb approximately 2km east of the Melbourne Central Business District. The location is well-serviced by local cafes, restaurants, the Swan Street and Church Street retail strips, and the Melbourne Botanical Gardens. The Melbourne Park sporting precinct is within 500 metres of the Development Site, which features AAMI Park, the Melbourne Cricket Ground and Rod Laver Arena.
The Security Property benefits from close proximity to the Richmond and East Richmond Railway Stations, Swan Street train route and direct freeway access to Melbourne CBD as well as the eastern and south-eastern suburbs. The Tram services operate along Swan Street and Church with the bus services being available along Punt Road.
It is likely that the Security Property will remain one of the few developments within Cremorne offering larger scale floorplates over 1,000sqm.
2) Swan Street Retail Precinct
4) Fitness First
5) East Richmond Station
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