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Which Gold Coast apartment developments are being fast-tracked due to strong sales?

Cabana

The booming Gold Coast market is seeing apartment developers, flush with a flurry of quick sales, fast-tracking the proposed construction date of their new developments.

The booming Gold Coast market is seeing apartment developers, flush with a flurry of quick sales, fast-tracking the proposed construction date of their new developments.

Cabana at Palm Beach, the luxury six level absolute beachfront block at 1 Nineteenth Avenue from Ignite Projects, is now expected to commence construction as early as June, having seen 23 of its 34 apartments sell within two weeks of its launch.

They sold for a combined $52 million, an average price of $2.26 million.

The Plus Architect-designed apartment building is now slated for completion in late 2022, rather than early 2023.

Gold Coast apartment

Now Gold Coast developer Azzura are looking to fast-track construction of the first stage in their $2.3 billion Imperial Square development in Southport.

Part of the project will be a 108-level tower, set to be one of Australia’s tallest buildings.

Azzura have seen over $22.5 million in sales since launching the Regal Residences which comprises 145 apartments and 200 hotel suites in an 18-level tower. 53 of the apartments have sold, with a further 15 reserved by potential buyers.

Gold Coast apartment

Construction will now start in the coming months, with Azzura reserving a further 15 apartments for exclusive potential buyers.

Azzura’s sales director Jason Paris says if apartment sales continue at the current pace, all remining apartments could be sold within the next six to eight weeks.

“We’ve experienced a solid pace of inquiries for apartments in this debut offering at Imperial Square since January,” said Mr Paris.

“Local buyers have included a mix of first-home buyers and downsizers, all looking for the lifestyle this central location has to offer.”

Interstate buyers account for about half of the sales which have been struck at an average price of $425,000 as buyers take advantage of the project’s incredible value.

“Many of these buyers have sought a solid investment that will deliver a positive cash flow, which is supported by a shortage of quality properties in central locations on the Gold Coast,” said Mr Paris.

“Some of the buyers plan to spend the winter months in their Regal Residences apartment and rent it for the rest of the year. Others plan to rent it for two or three years before eventually retiring on the Gold Coast.”

Regal Residences presents buyers with a choice of one-, two- and three-bedroom apartments.

Residents will also receive an Imperial Cub membership, including a complimentary stay for a week over five years for a friend or relative in the Regal Residences hotel. Membership includes valet parking and discounted prices at bars and restaurants in the development.

 

Article Source: www.urban.com.au

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Developments

Why downsizers and owner-occupiers have descended on Aniko Group’s No.1 Grant Avenue on Hope Island

aniko

Aniko Group, led by managing director George Mastrocostas, have fast-tracked construction for stage two of their $140 million No.1 Grant Avenue project, having secured more than 70 per cent of sales

The Broadbeach-based development firm Aniko Group has unveiled further plans for its grand Hope Island community on the Gold Coast.

Aniko Group, led by managing director George Mastrocostas, have fast-tracked construction for stage two of their $140 million No.1 Grant Avenue project, having secured more than 70 per cent of sales across the project.

Stage two of the development will feature 105 two, two plus study and three-bedroom apartments with a range of bridge free marina berths available along the Hope Island canal. Aniko also responded to the COVID-19 pandemic by creating a “post-pandemic” office precinct for those wanting to work remotely.

Fitness guru Michelle Bridges is designing the health club as part of the second stage, where they will also be a children’s play centre, theatre, residents lounge and outdoor cooking and dining facilities.

Mastrocostas said that the rapid sell-out of stage one gave them the confidence to fast-track the launch of stage two.

“To have achieved such exceptional sales and demand for our projects during a year that was filled with a lot of uncertainty is a testament to the quality offering we have brought to market,” said Mr Mastrocostas.

“The market has remained exceptionally strong during Covid and buyers who missed out on securing an apartment in stage one have already purchased within stage two.”

Part of the precinct will be No.35 Grant Avenue, with its apartments inspired by designs from New York.

The downsizer and owner-occupier market have been particularly interested in the development which allows them to downsize while still remaining in the area.

“There’s no doubt that the Gold Coast is one of the hotspots for residential property and with great lending conditions we are certainly seeing buyers transitioning into their next investment journey whether it is as an owner occupier or investor.”

“With the recent border re-openings, we expect to see an increasing number of southern buyers purchasing in the project and we look forward to meeting the buyers who purchased in stage one, sight unseen, who haven’t been able to see their apartments until now.”

 

Article Source: www.urban.com.au

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Developments

Eight reasons Palm Beach apartment development Cabana should be on your shortlist

Cabana

Ignite Projects are behind Cabana at 1 Nineteenth Avenue. They had Plus Architecture design the luxury tower.

Cabana, the new luxury development at Palm Beach, has seen soaring levels of interest since its launch just a few months ago.

And the sale of 23 of its 34 apartments, secured within two weeks of the project hitting the market, has seen construction of the six level absolute beachfront block fast-tracked. Construction will now begin in June, with a late 2022 completion date.

Ignite Projects are behind Cabana at 1 Nineteenth Avenue. They had Plus Architecture design the luxury tower.

Urban has taken a look at the eight reasons why Cabana should be on your short list.

Cabana

1. The onsite beach club

It would be remiss not to start with the unique onsite beach club Cabana is planning on its lower level.

The resort-style beach club facing the beach was a key feature in the design of Cabana. There will be a number of day beds on and off the water, and cabana’s on the private lawn.

Cabana

2. The location

Cabana is located directly in front of the recently completed Artificial Reef, a surfers dream. Cabana has also catered for the surfers in its amenities, with a number of surfers racks and storage for residents.

It sits between Tallebudgera and Currumbin Creeks and is a stone’s throw from Burleigh. There’s a number of trendy bars, beachfront cafes and eateries nearby, as well as boutique shopping venues and entertainment precincts.

Cabana

3. There are just 34 apartments

The six level block is home to just 34 premium apartments, which is likely to see a push to owner-occupiers rather than investors seeking holiday rental returns.

The smaller units creates a stronger sense of a neighbourhood community, and quieter communal areas.

4. All apartments have at least three bedrooms

Cabana is targeting the downsizer market, where there’s a lack of supply across the Gold Coast.

Agents in the neighbouring Burleigh Heads are saying the supply lines for three bedroom apartments are at a critical stage, with a number of buyers seeking a less demanding lifestyle by the beach.

Each of Cabana’s apartments span at least 200 sqm and have three bedrooms, two bathrooms and two parking spaces.

5. The design

Plus Architecture have ensured Cabana blends organically into its pristine coastal environment.

Fluted concrete, floor-to-ceiling glazing and detailed screening lend a classical tranquility to the building, while maintaining an absolute connection with the spectacular ocean views.

With a definitive nod to a tropical Palm Springs beach house, Cabana’s design merges seaside relaxation with elevated luxury.

The elevated tower form creates a rhythmic, organic shape that’s sturdy but delicate, reminiscent of the sweeping and rocky formations along the headlands that define the Gold Coast.

6. An entertainer haven

The kitchen has been planned to be the social focal point of the apartment with an extra-wise island bench and first class fittings.

Designed not to follow trends, but to set them, the kitchen is an opulent combination of modern and classic elements.

Each kitchen features VZUG appliances, Phoenix tapware, panelled doors, and natural stone benchtops and splashback.

7. The master bedroom view

Cabana

The master bedroom has been designed to take in the views just as much as the open plan living spaces. The floor-to-ceiling glass doors capture the natural light and cooling sea breezes, and open to a private balcony with glass balustrading.

8. The master bedroom ensuite

Each master suite has its own walk-in-robe and ensuite which feature large-format white wall tiles and a feature wall of Japanese mosaic tiles. An aqua-coloured natural stone bench top, limestone-look flooring and Phoenix tapware complete the ensuite.

Each will also have a freestanding stone bath, floating vanities and a large open shower.

Cabana

 

Article Source: www.urban.com.au

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Developments

Dawn Edition terraces launched as part of Helensvale’s $500 million The Surrounds community

The three and four bedroom terraces will each have two bathrooms, two car spaces and their own private courtyards.

A collection of 54 terrace homes, dubbed the Dawn Edition, have hit the market.

The $30 million development, a collaboration between Villawood Properties and Azure Development, is part of the wider $500 million community The Surrounds.

The three and four bedroom terraces will each have two bathrooms, two car spaces and their own private courtyards.

Dawn Edition terraces

The terraces start from $499,900. There are four floorplans on offer, ranging in size from 171 to 301 sqm.

Residents of the gated community will have access to 23 hectares of open spaces and parks designed for outdoor play, sports, and time with the family.

Dawn Edition terraces

The terraces are located right near the $4 million leisure centre which has a heated lap pool, a fully equipped gym, private multi-purpose room, change facilities and a cafe.

Azure Development director Trent Keirnan said they have designed each terrace to be built for life, from their minimalistic exteriors to stylish entryways and spacious interiors.

Villawood Properties state development manager Michael Williams said the convenient location, appealing designs and affordable pricing of the terrace homes would appeal to a range of buyers looking to get their foot on the Gold Coast property ladder.

“Every one of these homes has been designed from the ground up with the modern buyer in mind,” Mr Williams said.

“They are high-quality and low maintenance, which makes them ideal for a range of buyers including busy families, young couples and retirees.

“The terraces further compliment the unique offering we have here at The Surrounds and are an ideal solution for buyers either looking to upsize from an apartment or downsize from a big home.”

The project is located within five minutes’ walk to the Westfield Helensvale and Helensvale Train Station with easy access to the Northern Gold Coast beaches via the pacific Motorway.

 

Article Source: www.urban.com.au

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