A. & A. Bianchi Pty Ltd33-35 Saltair Street, Kings Beach, QLD, 4551
Borrower: A. & A. Bianchi Pty Ltd
GPS Invest loan amount: $6,269,300
Maturity Date: 13 December 2019
LVR: 69.48% on completion
Return: 8.25% p.a. payable monthly in arrears
35 residential units will be constructed over six levels with three levels of basement car parking, communal open space and foyer/entry way into the building. A lift will service all floors and each unit will benefit from two dedicated car spaces. Communal facilities will include landscaped grounds, an in-ground pool, barbecue terrace, recreational area, Managers Office plus nine visitor car parks.