Pallas Capital invites eligible investors to participate in this First Mortgage Construction investment opportunity located in Darlinghurst, a bustling inner-city, eastern suburb of Sydney.
First Mortgage Darlinghurst
The purpose of this construction loan is to fund the refurbishment and addition of two levels of an existing 3-storey commercial building. Upon completion, the Security Property will be a 4-star boutique style hotel over four levels comprising 31 rooms with a ground floor and basement level restaurant and pub.
The project is already 100% pre-leased. Agreements for Lease for both the hotel and restaurant / pub components have been executed which provide for a weighted average lease expiry of 10 years.
The Loan will be progressively drawn as construction works are completed.
2) Fitness First
3) Museum Station
4) NOMAD Restaurant
5) Sydney Grammar School
6) St. Vincents Hospital
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