Newmarket, QLD.

Credit Connect Group is pleased to present an investment opportunity secured by first-ranking registered mortgages over two properties, located in Newmarket, QLD and Noosa North Shore, QLD. The loan will assist with the acquisition of the Newmarket property, together with prepaid interest and associated loan costs.

The loan is further supported by unlimited personal guarantees from the directors, and General Security Agreements (GSAs) registered on the PPSR.

The Fund will offer a Loan-to-Value Ratio (LVR) of 70% against the combined independently assessed “As Is” Market Value of $2,320,000.

Newmarket

The Property comprises a regular-shaped residential development site improved with an older dwelling that will be demolished as part of the proposed redevelopment and is not considered to add any value. The site is subject to a Development Approval with the Brisbane City Council for a dual occupancy development of two contemporary two-storey dwellings each with five (5) bedrooms and three (3) bathrooms.

Key features include:

• Land Area: 809sqm
• Zoning: CR2 Character
• Local Government Authority: Brisbane City Council
• Approximately 5km north of Brisbane CBD
• Close proximity to Newmarket Village shopping, dining and public transport

Noosa North Shore

The Property comprises a modern, eco-style single-level villa (circa 2007) with three (3) bedrooms and three (3) bathrooms, being one of 49 villas within the ‘Senses’ eco-village resort. Communal facilities include on-site reception, a leisure centre, three swimming pools, a spa, tennis court and BBQ facilities.

Key features include:

• Total Floor Area: 269sqm
• Zoning: Tourist Accommodation
• Local Government Authority: Noosa Shire Council
• Approximately 13km south-east of the Noosa Heads CBD