Construction Residential Apartments & Commercial Suites, Nundah QLD

Development Location:
The property is situated at 47 Nundah Street, Nundah QLD

Development Type:

The amount of the loan facility is $8,640,000.00 and is for a term of 12 months.

The purpose of the loan is to rollover the existing loan facility to allow the borrower sufficient time to continue marketing the balance of units in the development and achieve further sales.  We are also providing the borrower with an equity payment to assist with its cash-flow.

The development names “The Links” is fully completed.

As at the date of rollover the borrower has sold and settled 41 units in the project, with 42 units remaining (plus the ground floor commercial area) being provided as security.

The building is an eight storey apartment block with a total of 83 x residential units plus 1 x ground floor commercial area comprising of:-

Nundah

Residential

  • 79 x one bedroom/one bathroom, one bedroom plus study/one bathroom, and two bedroom/one bathroom units
  • 3 x two bedroom/one bathroom adaptable units
  • 1 x three bedroom/two bathroom Manager’s unit
  • Two levels of basement car parking
  • 86 x residential car parks, 3 x commercial/retail car parks and 15 x visitor parking spaces plus 104 resident and visitor bicycle parking spaces.
  • Rooftop terrace with toilet facilities, covered BBQ entertainment area and multiple decks.

Commercial

  • 395m2 ground floor retail/commercial tenancies
  • 69m2 office/reception/auxiliary (Manager’s office)

Additional Features

  • Entry lobby
  • Single passenger lift
  • Boundary fencing and landscaped grounds

Nundah is an established surburb of Brisbane being approximately 10.5kms north-east of the CBD and 7.5kms west of the international terminal at Brisbane.

The central area is undergoing a transformation with new residential and mixed-use projects plus a revitalised cafe/restaurant precinct.  The subject site is situated to the north of this central area.

Should you require further information in regards to this loan, please contact us to obtain the Supplementary Product Disclosure Statement.