The construction of 18 townhouses at Considine Street, Ellen Grove (SP Development A Pty Ltd) is now a third complete (33.98% as per our QS’s inspection on 6 September 2018).
The site at Ellen Grove is part of a natural extension of development bounded by Forest Lake, the Centenary Highway and the Logan Motorway. Amenities include regular bus services, the Forest Lake Village Shopping Centre and multiple schools in the local area.
The marketing for the project is progressing well with three contracts unconditional for a total value of $1 million.
The borrower, Stuart Murray, has over 30 years’ experience in successful project delivery behind him and is focussed on identifying residential developments in Queensland which have a clear demand and target market.
Compared to other developments in the area, this project incorporates unique communal park areas and a much lower density which offers a favourable point of difference to potential purchasers.
SP Development A Pty Ltd is currently open for investment. Please contact Olivia for a copy of the SPDS on 1800 999 109 or firstname.lastname@example.org. Photographs taken 6 September 2018.