Pallas Capital invites eligible investors to participate in this First Mortgage Construction investment opportunity located within the affluent, harbour side suburb of Rose Bay.
First Mortgage Construction Rose Bay
The purpose of this loan is to assist with the settlement of the acquisition of the Security Property; and to fund the construction of a three-storey residential building in Rose Bay comprising eight apartments. Demolition and early works will commence in July 2021 with an estimated build term of 18 months.
The property is located on the eastern alignment of Wilberforce Avenue within the affluent, harbour side suburb of Rose Bay, approximately 7km east of the Sydney CBD.
The development is in close proximity to the Rose Bay retail strip which provides small boutiques, banks, a range of restaurants, a medical centre, a post office, a petrol station, a range of grocery stores, beauty and fitness options. Major shopping facilities are located at Westfield Bondi Junction approximately 4km south-west of the property, with Bondi Beach approximately 2km to the south.
2) Rose Bay Retail Precinct
4) Royal Sydney Golf Club
5) Rose Bay Wharf
6) Scots College
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