Jamil Group Pty Ltd131-139 Sir Fred Schonell Drive, St Lucia QLD 4067
Borrower: Jamil Group Pty Ltd ATF the Tom & Jerry Trust
GPS Invest loan amount: $6,668,600
Maturity Date: 10 June 2020
LVR: 57.62% on completion
Return: 8.25% p.a. payable monthly in arrears
The development will consist of 34 apartments over four levels above a suspended car parking level with access from Raven Street. A lower lobby area/pedestrian entrance fronts Sir Fred Schonell Drive.
The building will comprise a combined car parking level with a split tower design from levels one to four. Various design types incorporate additional study/multipurpose areas. There is one three-bedroom design type which has both a study and a multi-purpose room. Apartments are configured eight per floor on the ground level, nine per floor on level two and three, and eight on level four. A communal recreation area is provided on level one with plunge pool and BBQ facilities.
11 units sold.