Huon Ascot Pty Ltd26-30 Buxton Street, Ascot, QLD, 4007
Borrower: Huon Ascot Pty Ltd ATF the Huon Buxton Street Ascot Development Trust
GPS Invest loan amount: $6,441,700
Maturity Date: 23 February 2020
LVR: 60.25% on completion
Return: 8.25% p.a. payable monthly in arrears
The project will consist of 20 residential units formatted across three storeys with lift access. Additionally, there will be a single basement level consisting of car parking for 25 vehicles (being one per unit and five visitor bays) and common amenities including a common area driveway, landscaped grounds and a communal recreational area.