Lambert 66 Pty Ltd ATF The Lambert 66 Unit Trust66 Lambert Road, Indooroopilly QLD 4068
Borrower: Lambert 66 Pty Ltd ATF The Lambert 66 Unit Trust
GPS Invest loan amount: $6,471,500*
Maturity Date: 27 August 2019
LVR: 68.75% on completion
Return: 8.25% p.a. payable monthly in arrears
The site is located in the established residential suburb of Indooroopilly, approx. 6 km south west of the Brisbane CBD.
Proposed for the site is the construction of 32 residential dwellings configured throughout a five level building including two basement levels. There will be six one-bedroom units, 16 two-bedroom units (two of which incorporate a study) and 10 three-bedroom units. The train station is within 200m as well as bus stops, convenience stores, main arterial connections all within walking distance.
*This loan is co-funded 50/50 with another lender.