Construction Residential Units, Labrador QLD

Development Location:
The property is situated at 372 Marine Parade, Labrador QLDAD Dev

Development Type:

The amount of the loan facility is $23,950,000.00 and is for a term of 12 months.

The purpose of the loan facility is to provide funding for the construction of 108 x residential units, being a combination of:

  • 24 x 1 bedroom unit + 1 bedroom & study
  • 72 x 2 bedroom units
  • 12 x 3 bedroom units & study

The units will each have either 1 or 2 basement car parking spaces.

The common facilities are to include:

  • Secure basement car parks
  • Electrical car charging bay
  • In-ground swimming pool
  • BBQ entertainment area
  • Fully equipped gym
  • Entry lobby
  • Children’s pay area

The subject property is located in Labrador, an established suburb on the northern end of the Gold Coast.  The area consists of a mixture of older to semi-modern style dwellings, unit buildings and townhouse developments.  The site is in close proximity to the following amenities:

Public Schools – Labrador State School & Southport State School

Private Schools – The Southport School, St Hildas School

University – Griffith University

Shopping – Australia Fair Shopping Centre within 3.3km of the subject property

Transport – M1 Motorway is approx 9kms north-west of the site, Helensvale train station is approx 8.3km of the site and bus stops are within walking distance.

HospitalsGold Coast University & Gold Coast Public Hopitals

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