The KTQ Group’s $380 million re-development of the site will feature 118 apartments in total and a new pub and pavilion.
The luxury redevelopment of the Kirra Beach Hotel site in Coolangatta’s Kirra Point has already seen nearly half of their 118 Miles Residences apartments in stage one sell.
Some $88 million has been secured for the KTQ Group, whose $180 million first stage is part of their $380 million re-development of the site which will also include a new pub and pavilion.
The average sale price has been $1.61 million.
The sales conversion has come off the back of more than 1,000 inquiries prior to the project’s much launch on December 27.
KTQ Group development director Jeremy Holmes said the very promising sales start would fast track the commencement of construction on the project.
“We’re pleasantly surprised at the sales, but we were always of the belief that when we went to the market with Miles Residences there would be significant interest no matter what type of market we were in,” Mr Holmes said.
“The reality is it is impossible to replicate this offering on a one-hectare site overlooking Kirra Beach. The fact that the southern Gold Coast market has been so strong, along with a pent-up demand for this particular development, has provided a solid foundation for the launch campaign.
Miles Residences has targeted predominantly owner-occupiers and will offer spectacular views across the Gold Coast from its location on one of Australia’s most famous north-facing beaches.
“We have seen a great cross section of buyers to date, with 70% coming from Queensland and 23% from New South Wales. The high level of Queensland buyers is mainly due to the local market acting quickly to choose their ideal apartment. They have been waiting 10 years for this project and didn’t want to miss out on the uninterrupted view lines.”
Sales have ranged across a diverse mix of apartments with one-bedroom residences selling from $550,000 up to the most spectacular three bedroom plus MPR residences reaching $3,000,000.
Prices start from $545,000 for the one bedroom apartments, from $795,000 for the two bedders and from $1.5 million for the three bedroom, three bathroom apartments.
Tim Keenan, of Keenan & Co which is marketing Miles Residences, said the interest had been overwhelming.
“We have not stopped. The inquiry from locals as well as interstate purchasers has been relentless,” Mr Keenan said.
“The reality is that the southern Gold Coast has never seen such a quality offering and the market has responded in kind.
“Buyers who know and understand the uniqueness of one of Australia’s most iconic north facing beachfront locations have been waiting for a project of the quality and scale that KTQ Group has put together.
“We are pleased that we still have some of the best apartments available for sale and we are seeing buyers across all price points and unit types.
“This is the first major destination precinct for Kirra and the quality of these superlatively designed apartments to match such a wonderful location has combined to create enormous interest and sales conversions.”The Woods Bagot-designed tower is slated for completion in early 2023.
The Kirra Beach first stage is expected to take two and a half years to deliver and will create hundreds of initial construction jobs and then a number of hospitality jobs upon completion.
The family-owned KTQ Group are the owners of the award-winning Elements of Byron resort which has won multiple tourism and design awards including the urban Development Institute of Australia’s 2017 and 2018 Awards for Excellence in retail and regional development.
Article Source: www.urban.com.au
Tower reveal: Plans lodged for boutique Indooroopilly tower in Brisbane
A company associated with local developer and Verrecchio Property Group director Sandro Alberti has lodged plans to the Brisbane City Council
Brisbane’s Indooroopilly is set for a new boutique apartment tower.
A company associated with local developer and Verrecchio Property Group director Sandro Alberti has lodged plans to the Brisbane City Council for a 35 apartment block on Clarence Road.
Alberti paid $3 million for the 1,215 sqm block at 109-113 Clarence Road which had been marketed by Cushman & Wakefield as a boutique mixed-use development site which allows for up to eight storeys.
There’s already plans by Prospect Architecture for an eight level tower, not including the two basement levels of garaging. Crowning the development will be a communal rooftop with swimming pool.
The plans suggest the development will be called The Fairmont.
There will be three two bedroom apartments and two three bedroom units on each level.
“Each unit is designed to encourage open plan living, with kitchen, dining room and living room opening onto balcony private open space”, the proposal reads.
“Visually, the contemporary building design is consistent with the intent and character of the precinct.
“This includes a variety of materials and textures through brick cladding, rendered and painted blockwork, horizontal cladding, and metal battens assisting in the reduction of overall built form.
“The proposed landscaping and open space areas ensure the site is adequately vegetated, providing amenity for residents as well as adjoining neighbours and the relevant streetscape.”
QLD properties selling now:
Article Source: www.urban.com.au
Top projects in Broadbeach on the Gold Coast
The Gold Coast residential market is booming thanks to its breezy lifestyle and relaxed atmosphere perfect for families and professionals
One of the fastest-growing cities in Australia, the Gold Coast has become a great location for investors and homebuyers.
Its residential market is booming thanks to its breezy lifestyle and relaxed atmosphere perfect for families and professionals.
Despite a decline in crane numbers over the last six months, the next six months is expected to see a flurry of sales as demand for apartments in the region continues to gather pace.
Broadbeach residents particularly have the best a suburb in Queensland has to offer, with a home in the laid-back beachside suburb that boasts all of the fun of the Gold Coast.
Many brand-new residences suitable for first home buyers, investors or downsizers offered at an affordable price point are available on the market now.
Urban takes a look at the top projects in Broadbeach.
1. Encore Broadbeach
Address: 22 Albert Avenue, Broadbeach QLD 4218
Two-bedroom apartments from $730,000
Delivered by family-developer Andrews Projects, Encore boasts a collection of 84 vibrant apartments footsteps from the ocean.
The two, three and four-bedroom apartments are designed by HHH Architects and feature oversized balconies with costal views.
Other amenities include a 25-metre heated lap pool, state-of-the-art gym, private sauna, residents’ lawn and barbeque facilities.
2. Koko Broadbeach
Address: 12-14 Elizabeth Avenue, Broadbeach QLD 4218
Two-bedroom apartments from $719,000
Morris Property Group delivers 99 generous two and three-bedroom apartments at the vibrant Gold Coast development, Koko.
Inspired by the modern luxe of international boutique hotels, the residences feature modern fixtures, hotel-quality amenities and contemporary design.
A lap pool, modern gym facilities, private outdoor entertaining areas and gardens also feature at the project.
3. Opus, Broadbeach
Address: 16-18 Chelsea Avenue, Broadbeach QLD 4218
Two-bedroom apartments from $749,900
Located in the heart of Broadbeach, Opus provides a great value apartment for investors and owner-occupiers.
Delivered by Morris Property Group, the 114-resident project features open-plan living and views over Surfers Paradise in two and three-bedroom configurations.
The resident also boasts access to a two-level recreation deck, featuring an open-air pool, landscaped yoga lawn and fully equipped gym.
4. Qube, Broadbeach
Address: 2-4 Jubilee Avenue, Broadbeach QLD 4218
Three-bedroom apartments from $1,495,000
Yet another Morris Property Group development, Qube rises 40 levels and delivers 202 residences in one, two and three-bedroom configurations. Although, only three-bedroom apartments remain.
The development features a vibrant retail plaza, residents’ recreation deck and additional storage.
Setting a new destination precinct for Broadbeach, homebuyers will also enjoy luxury finishes including oversized floor-to-ceiling tiles, wool-blend carpets and Parisi tapware.
Article Source: www.urban.com.au
Another apartment tower lodged in hot Gold Coast market
Plans have been lodged for Alba Residences, a $105 million apartment project at North Burleigh.
Developers can’t stay away from the booming Gold Coast market.
The longstanding Queenslander developer Devine Development Group is the latest to join the ever-growing index not wanting to miss out on the current Gold Coast apartment demand.
They’ve lodged plans for Alba Residences, a $105 million apartment project at North Burleigh.
Set on the dress circle Esplanade facing the beach, the 21 level tower designed by Bureau Proberts will comprise half and full floor residences catering for the top end of the market, with prices starting from $2.25 million.
The full floor apartments will span around 435 sqm and will have four bedrooms, a multi-purpose room, and four bathrooms, while the collection of half-floor apartments will have around 218 sqm of living space with three bedrooms.
The Melbourne-based Mim Design are handling the interior. There will be a lifestyle podium for residents where there will be a swimming pool and a gym.
It will sit on Esplanade, just down the road from 88 Burleigh, the $90 million tower by Allure Property Corporation.
The seashell-inspired, 17-level tower on The Esplanade, across from Burleigh Heads beach, will home just 31 apartments..
Demand for apartments in Burleigh Heads continues to soar as a surge of interstate buyers is creating a critical shortage of supply, particularly for three bedroom apartments which are being snapped up by downsizers.
Adam Young of Burleigh Heads’ Black and Young Real Estate, who has been selling real estate in the area for over three decades, says he has never seen the market in Burleigh so strong.
Burleigh is the ‘go to’ destination on the Gold Coast as a lifestyle, entertainment and dining precinct and real estate sales are reflecting the suburb’s newfound popularity.
“The market is very strong, driven by interstate migration and downsizers who see apartment living in Burleigh Heads as under-valued given its central location and the national park setting which is not unlike Noosa,” Young says.
Veteran developer and Devine Development Group head David Devine said Alba would be one of the enduring luxury apartment projects for Burleigh Heads and the timing to enter the market could not be better.
“We have worked for a long time to bring a project together that epitomises beachfront apartment living and Alba is the creation of that,” said Mr Devine.
“We believe is it a fantastic time to enter the market. Burleigh Heads is undoubtedly one of the most sought after residential locations for the luxury downsizer anywhere in Australia and there is certainly currently a shortage of new apartment product tailored to this market.
“Interstate migration to the Gold Coast is very strong as is the value that the Gold Coast offers compared so the southern states. The market is certainly leading the way nationally.”
JLE Projects director Jamie-Lee Edwards says Alba will be the epitome of beachfront living on what is a very tightly held and very high demand beachfront precinct.
“The convergence of sophisticated architectural design and interior styling with uninhibited views and the unparalleled location of Australia’s most recognisable beach, Alba is the pinnacle of contemporary beachfront living.”
Article Source: www.urban.com.au
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