Karote Pty Ltd – Boat Street

Borrower: Karote Pty Ltd as trustees for Chippers Trust
GPS Invest loan amount: $8,056,000
Maturity Date: February 2026
‘Sea Change’ – Construction of 10 residential apartments.

Located only a stone’s throw from the water in the desirable Redlands suburb of Victoria Point, 17 Boat Street is just under 40km from Brisbane’s CBD. The site offers further convivence to residents by being within walking distance to Pelican’s Nest Shopping Mall, anchored by an on site doctors clinic, grocery store, and post office. Sea Change is also further serviced by nearby public transport accessibility, schools, and major community hubs.

This is our 11th project in collaboration with the borrower, Robin Johnson of Provincial Building, and will be overseen by Construction Manager, Joe Alderton. Both parties are well known to GPS, with their current project at White Street, Victoria Point, expecting completion in late 2024.