39 Ellerslie Pty Ltd (Units)

21-25 Oxford Terrace, Taringa, QLD, 4068

Borrower: 39 Ellerslie Pty Ltd
GPS Invest loan amount: $7,455,800
Maturity Date: 2 February 2020
LVR: 63.42% on completion
Return: 8.25% p.a. payable monthly in arrears

Construction of seven luxury units over four levels with an additional basement level providing sixteen car spaces and two visitor parks. The units are configured to two per floor and one penthouse apartment (unit 7) on the upper level. A communal recreation area is provided on the upper ground floor. A single lift will service all floors.

Construction is 84.26% complete.
84.26 Complete

Recent updates

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When the funding dries up

I continue to see too many instances where funding for a...

Builder cashflows are suffering

Following several conversations with builders GPS has commenced a program to...