HTHT Properties Pty Ltd24 Western Avenue, Chermside QLD 4032
Borrower: HTHT Properties Pty Ltd
GPS Invest loan amount: $3,238,800
Maturity Date: 7 October 2018
LVR: 58.80% on completion
Return: 8.25% p.a. payable monthly in arrears
The approved development at 24 Western Avenue, Chermside will comprise of a five level building having 14 units (1 x one bedroom and 13 x two bedroom) plus basement car parking. The basement level will comprise of 17 resident car parks (four in tandem format and three for small cars only). The ground floor will comprise of entry, visitor parking (two spaces) and the one bedroom unit plus a two bedroom unit, both overlooking the rear garden (communal recreation area). The remaining upper levels will comprise of three, two bedroom units to each level. A passenger lift will access all floors.