SP Development A Pty Ltd (Stage 2)

106 Considine Street, Ellen Grove, QLD, 4078

Borrower: SP Development A Pty Ltd (Stage 2)
GPS Invest loan amount: $3,139,600
Maturity Date: 3 May 2020
LVR: 69.29% on completion
Return: 8.25% p.a. payable monthly in arrears

This second and final stage of the development will be the construction of fourteen three-bedroom, two-bathroom townhouses. Each townhouse includes a downstairs powder room and single lock up garage.

Communal facilities include communal green space (park), landscaped grounds, vertical privacy screens, internal roadway and paths and five visitor car spaces. Compared to the existing townhouse developments in Ellen Grove, this development incorporates communal park areas and a significantly lower number of townhouses in the complex (lower density) which offers a favourable point of difference.

14 unit/s sold.
Construction is 79.83% complete.
79.83 Complete

Recent updates

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When the funding dries up

I continue to see too many instances where funding for a...

Builder cashflows are suffering

Following several conversations with builders GPS has commenced a program to...