$28 million in residential sales has been reached across four months at EPV Developments’ The Wellington – located metres from The Gabba – despite launching in an historically slow holiday sales period.
60 apartments have sold at the boutique nine-storey apartment tower located on the corner of Wellington Road and Overend Street on the edge of both East Brisbane and Woolloongabba, with the sales launch taking place in December 2015.
The Wellington’s one-bedroom and two-bedroom apartments are are priced between $354,000 and $615,000 available in a variety of contemporary floor plans.
Urbis associate director Paul Riga told The Courier-Mail that the next six months would see activity spread across all inner-Brisbane areas, and that Woolloongabba is the next place to watch, with “big players” moving in and a range of upcoming projects, according to Riga.
The latest Urbis Brisbane Apartment Insight found inner Brisbane ended the year with a weighted average sale price of $626,853.
The Wellington marketing manager and TOTAL Property Group managing director Adrian Parsons said this clever and contemporary new property development offers a unique opportunity for both owner occupiers and investors.
“The Wellington is attracting a diverse range of buyers due to its location, value and overall quality, with purchasers coming from the local and wider Brisbane market as well as Sydney,” Mr Parsons said.
“Brisbane’s property market is continuing to record healthy growth both in sales volumes and median sale prices, particularly for multi-storey developments, with apartment living becoming increasingly popular,” he said.
“East Brisbane is a high growth area experiencing increasing and ongoing demand from buyers and tenants due to the limited availability of new apartment developments.
“The impressive sales results we have seen since launching only confirms the appeal of the location and the luxurious, spacious and competitively priced apartments on offer at The Wellington,” he said.
The Wellington offers premium residential apartments with luxurious recreational facilities including a rooftop pool and entertaining area with expansive views of the city skyline plus a second floor relaxation, barbecue and garden area, along with a vibrant boutique dining and retail precinct on the ground floor.
The ground floor of The Wellington features a boutique retail area reminiscent of New York’s Chelsea Markets, where residents and visitors can enjoy an eclectic mix of quality providores, artisan retailers, restaurants and cafes including a flagship experience from Phillip Di Bella, the founder of Australia’s largest specialty brand, Di Bella Coffee.
EPV Developments is a synergy of Denis Mackenzie and Karl Jameson, two highly successful directors.
Operating exclusively within Brisbane’s inner city market, EPV develops boutique mixed-use apartments and integrated living to exacting standards.
Originally Published On: http://www.theurbandeveloper.com/