Pallas Capital invites eligible investors to participate in this First Mortgage Pre-Development investment opportunity located in Woollahra, a prestigious inner-city suburb located approximately 3.5km east of the Sydney CBD.
First Mortgage Woollahra
The proposed development of the Security Property includes the construction of 14 new residential dwellings and the retention and refurbishment of seven existing Terrace residential buildings fronting Oxford Street, above two levels of basement car parking.
The Loan will be used to assist with the acquisition of the Security Property, and to allow time for the Sponsors to undertake the development planning activities; and fund the Loan pre-paid interest, costs and fees.
Alternative: Refinance with another land facility; or Sale of Security Property.
The Security Property is located on the eastern fringe of Woollahra opposite Centennial Park and within a short walking distance of the Queen Street retail precinct. The location benefits immediate access to public transport with frequent bus services from Oxford Street that provide services to and from Bondi Junction and the Sydney CBD. Local shopping & recreational amenities are located within a 500 metres radius of the Security Property including bars, restaurants & cafés, boutique fashion outlets and sporting facilities.
2) Centennial Park
3) Maloneys Grocer
4) Sydney Cricket Ground and Allianz Stadium
5) Moore Park
6) Bondi Junction Train Station
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