Zeal Orb Pty Ltd

Borrower: Zeal Orb Pty Ltd
GPS Invest loan amount: $10,206,300
Maturity Date: 18 March 2021
LVR: 69.33%
Return: 7.45% p.a. payable monthly in arrears

Discovery Apartments, is located at the end of the cul-de-sac of Careel Close and is bounded to the south by a controlled intersection of the Gold Coast Highway and Careel Reserve to the north.

The proposed development of 72 units will be constructed over two buildings (one per stage) made up of three levels, plus basement car parking. The total development will incorporate a mix of one, two and three bedroom units. Stage 1 will be made up of one and two bedroom units only. Both Stage 1 and Stage 2 will have lifts servicing the units. Communal facilities including a pool, two cabana areas, BBQ area and rooftop garden will be constructed within Stage 1.