A NEW residential project in the sought-after East Brisbane and Woolloongabba cafe precinct has sold $28 million worth of apartments since its December launch.
The sale of 60 apartments in the nine-storey The Wellington has confirmed the vision of developers Denis Mackenzie and Karl Jameson, joint directors of EPV Developments.
Operating exclusively within inner-city Brisbane, EPV develops boutique mixed-use apartment projects.
Mr Jameson said research showed Brisbane’s inner southeast was increasingly becoming a lifestyle destination of choice and The Wellington was perfectly positioned in an area of ongoing high demand.
“We want to make the most of this prime location by creating a development where residents can enjoy convenient and luxurious inner-city apartment living and captivating city views,” he said.
“Our vision is to create a unique central atrium with lush tropical terraces and courtyards to provide residents with a garden view and allow for natural light and breezes to flow throughout the apartments,” he said.
“Our design concept … is to create a sense of space, maximised by integrating accessories into a seamless, clean and contemporary style.”
Project marketing manager and Total Property Group managing director Adrian Parsons said The Wellington had drawn 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,” he 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.
“East Brisbane is a high-growth area experiencing increasing and ongoing demand… 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.”
The Wellington will comprise 127 one-bedroom and 32 two-bedroom apartments priced between $354,000 and $615,000.
Recreational facilities include a rooftop pool and entertainment area with city views; a second-floor relaxation, barbecue and garden area and, a ground-floor boutique dining and retail precinct.
The mix of providores, artisan retailers, restaurants and cafes will include a flagship Di Bella Coffee store.