Mixed Use Building Acquisition in Darlinghurst

This Darlinghurst investment property is a 5 level apartment complex comprised of eight (8) lots. Seven (7) residential apartments and one (1) commercial shop on the ground floor. The apartments were fully leased, earning recurring income to assist with servicing the Loan. The commercial shop (lot 8) is subject to a 3 year lease with a further 3 year renewal option. The aggregate market value is $6.10MM, with Balmain offering $4.27MM at 70% LVR.