Pallas Capital invites eligible investors to participate in this First Mortgage Construction investment opportunity located in South Melbourne, an inner-city suburb in Melbourne.
First Mortgage Pre-Development South Melbourne
The Loan will be used to repay existing indebtedness on the Security Property; Fund construction costs; and Fund Loan Interest and establishment costs.
The Development will comprise the construction of a six storey building comprising five levels of commercial office accommodation over ground floor retail space and basement parking with a car stacker parking system for 25 vehicles.
The property is located within the premium city fringe suburb of South Melbourne, approximately 3km south of the Melbourne CBD.
The development benefits from close proximity to the Clarendon Street retail strip with the South Melbourne Market nearby, providing an eclectic mix of restaurants, cafés and shopping. Recreation reserves and facilities in close proximity include the Lakeside Stadium, Albert Park Lake, Royal Botanic Gardens, Albert Park Golf Course and Fawkner Park.
2) Clarendon Street Retail Precinct
3) Melbourne Sports Centres
4) Anzac Railway Station
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