Dempsey Project Pty Ltd16 Dempsey Street, Annerley QLD 4103
Borrower: Dempsey Project Pty Ltd
GPS Invest loan amount: $1,672,300
Maturity Date: 7 December 2018
LVR: 59.68% on completion
Return: 8.25% p.a. payable monthly in arrears
The approved development will comprise of five three-bedroom townhouses with the two front townhouses being semi-detached and over two levels. The three rear townhouses will be attached and will have a semi-basement garage with three levels above. Each townhouse will comprise a single garage, three bedrooms and two bathrooms.
The townhouses will be finished to a high standard internally and externally. All typical amenities (shops, schools, transport, etc.), as expected within an inner suburb, are close by.