Location

The property is in Nerang Broadbeach Road, Carrara QLD. Carrara is predominately a residential suburb approximately 5 kilometres south-west of central Surfers Paradise and approximately 6 kilometres north of the Southport Central Business District (CBD). The property benefits from access to all necessary amenities including Benowa Village Centre, Royal Pines Resort Golf Course, Emerald Lakes, Emmanuel College, Emerald Lakes Golf Club, Carrara Stadium and Carrara Markets.

Development

On completion, the development will deliver a modern architecturally designed medium scale residential apartment consisting of 66 units being a combination of 6 two-bedroom, 58 three-bedroom and 2 four-bedroom units. The development provides a single level of car parking for residents accessed via a ramp to Level 1, together with ground floor visitor car parking. Communal facilities will include a boat jetty, swimming pool, kids pool, barbeque facilities with shower and powder room, landscaped garden surrounds including four herb gardens, lobby to Level 1 with communal deck at rear. The construction is now 92% completed, with 106% of pre-sales debt cover.

Purpose

To assist with the construction of 66 high end apartments.

Exit Strategy

The primary exit will be via the sale of units on completion.

Construction Progress

92% completed.