Construction of Townhouses, Mango Hill QLD

Development Location:
The property is situated at 6 Chelmsford Road, Mango Hill QLD

Development Type:

The amount of the loan facility is $7,174,500.00 and is for a term of 12 months.

The purpose of the loan facility is to provide a rollover facility to allow sufficient time for the Borrower to effect the sale and settlement of the balance of units in the project.

As at the date of rollover the Borrower has successfully sold and settled 10 units in the project.

The original development was the construction of 44 x two level townhouses and being made up of:Chelmsford Terraces

  • 3 bedroom, 2 bathroom plus powder room
  • Ducted air conditioning
  • Double lock up garage
  • 12 on-site visitor car parks
  • Well presented landscaped grounds
  • Covered communal BBQ area with toilet facilities
  • In-ground swimming pool

Mango Hill is an established area located approximately 33 kms to the north of the Brisbane CBD which is located in the Brisbane/Sunshine Coast growth corridor.

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