JAD 12 Pty Ltd

Borrower: JAD 12 Pty Ltd
GPS Invest loan amount: $15,789,500
Maturity Date: 14 November 2024
LVR: 64.99%

‘Lagune’ – Construction of 5 luxury residential apartments.

“Queen of Colonies Parade” and its surrounds are often described as a prestige location, with properties tightly held and those developed, quickly sold. The site is unique by its location, offering uninterrupted panoramic ocean and hinterland views from its near hilltop position. The very limited nature of such sites on the Sunshine Coast is a major driver for demand for prestige product commensurate with the location/outlook. The suburb is of historical significance. Originally named Moffat Head, it was the original location of the “Queen of Colonies” pandanus tree, commemorating where 13 passengers from the “Queen of the Colonies” ship were cast ashore in stormy weather in 1863. In 1963, a formal concrete memorial was erected on the site. Queen of Colonies Parade has evolved into one of the Sunshine Coast’s premium oceanfront residential precincts.