Ernest Street Holdings Pty Ltd & ANORS

92-96 Ernest Street, Manly QLD 4179

Borrower: Ernest Street Holdings Pty Ltd & ANORS
GPS Invest loan amount: $8,146,100
Maturity Date: 19 March 2021
LVR: 64.79% on completion
Return: 8.25% p.a. payable monthly in arrears

Construction of 21 two and three bedroom residential units. Directly across from the project is the St Paul’s Anglican Church, while Manly State School and St John Vianney’s Primary School are both within 200 metres. Manly Village is 500 metres from the site and has various cafes, bistros and the Manly-Lota RSL. Additionally, farmers and creative markets are held on weekends along the Royal Esplanade. Manly is also home to the Royal Queensland Yacht Squadron and is serviced by Manly station providing direct rail transport to the Brisbane CBD and Southern Bay suburbs.

3 unit/s sold.
Construction is 8.74% complete.
8.74 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...