Gawthern Drive Pimpama Development Pty Ltd

40 Gawthern Drive, Pimpama QLD 4209

Borrower: Gawthern Drive Pimpama Development Pty Ltd
GPS Invest loan amount: $9,157,100
Maturity Date: 15 May 2022
LVR: 65.00%
Return: 6.00% p.a. payable monthly in arrears

Stage one of a three stage development. Construction of 76 townhouses of three-bedroom, two-bathroom, single powder room and single lock up a garage configuration. The townhouses will be a mix of duplex pairs and adjoining blocks of three, four and five in attached format. The project provides communal facilities including open space and BBQ facilities.

 

Construction is 23.84% complete.
23.84 Complete

Recent updates

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April 2021 – Hands on loan management

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March 2021 – Brisbane planning changes cause slowdown in new projects

It was a slower than usual start to the year for...