The Apple Trust - White St

Borrower: The Apple Trust GPS Invest loan amount: $12,909,503 Maturity Date: 25 April 2025 LVR: 64.99% 'Victoria Palms' - Construction of 16 residential apartments. 4-8 White Street, Victoria Point, is approximately 36 kilometres by road to the South-East of the Brisbane CBD. It is a dead end street that runs directly off Colburn Avenue. Within walking distance of the site are the Victoria Point boat ramp (250m), Victoria Point reserve (100m) and Victoria Point State School (2km). The site is serviced by public bus routes which provide access to the town centre and surrounds. The Victoria Point Shopping Centre, which is anchored by a Woolworths, Bunnings and Cineplex is located within a 5-minute drive.  The development is favourably located with most proposed units receiving views to Moreton Bay. The units are considered to reflect a high quality of finish & fitting throughout relative to comparable new high-end developments.