The property is located within the premium city fringe suburb of South Melbourne, approximately 3km south of the Melbourne CBD with a frontage onto Thomson Street.
Fully Funded
Melbourne
|
Victoria

Thomson

The property is located within the premium city fringe suburb of South Melbourne, approximately 3km south of the Melbourne CBD with a frontage onto Thomson Street.

Project Details
S$ 2.7 M
Funds Invested
5.38% - 6.00%
Nett Interest Rate Per Annum
7
Tenure (Months)
Monthly
Repayment Scheme
February 6, 2023
Loan Start Date
September 5, 2023
Loan End Date

Project Description

Project Location

The property is located within the premium city fringe suburb of South Melbourne, approximately 3km south of the Melbourne CBD with a frontage onto Thomson Street. The property benefits from proximity to the Clarendon Street retail strip and South Melbourne Market nearby. Clarendon Street tram and bus stops are approximately 300 metres  to the west.

Project Development

The subject property is a six storey development 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 total Net Lettable Area (NLA) of the development as per the approved  design plan is 1,968sqm, comprising office accommodation of 1,773sqm of NLA and retail accommodation of 195sqm of NLA.

All five levels of commercial office space and the ground floor retail space will feature terraces fronting to Thomson Street. A rooftop terrace and end of trip facilities will also be provided. The building is to be finished to an A grade standard with premium quality fixtures and fittings.

The development will target SME tenants downsizing from the CBD as well as those seeking to lease space in a brand new office building close to public amenities in South Melbourne.

Project Loan Details

The leasing campaign will commence in 2023 during the construction phase of the development.

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The property site is zoned R2, for low density residential and is well located within the region, being in proximity to the existing public transport network, amenities and major transport nodes in the area. Box Hill city centre is approximately 4.7 km to the south-west of the subject site.

Landen Construction Note

The property site is zoned R2, for low density residential and is well located within the region, being in proximity to the existing public transport network, amenities and major transport nodes in the area. Box Hill city centre is approximately 4.7 km to the south-west of the subject site.
6.10%
nett p.a.
|
12
months
The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.

Broadmeadows

The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.
6.28%
nett p.a.
|
12
months
The property is situated within the Mittagong industrial estate, located in the prestigious Southern Highlands, within the Wingecarribee Shire Council area. It is well located within 5 minutes from the town centre and 5 minutes to the Hume Motorway, the key arterial road connecting Sydney, Canberra and Melbourne.

Mittagong

The property is situated within the Mittagong industrial estate, located in the prestigious Southern Highlands, within the Wingecarribee Shire Council area. It is well located within 5 minutes from the town centre and 5 minutes to the Hume Motorway, the key arterial road connecting Sydney, Canberra and Melbourne.
6.08%
nett p.a.
|
8
months
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