The final penthouse at The Oxlade has sold for $7 million – less than three years after the developer behind the project snapped up four vacant lots for $17.35 million.
It was bought by a local buyer, with the luxury development by the Seymour Group expected to be completed by the end of 2021.
A second penthouse, sold previously, is also believed to have achieved the same price, and only “a few two and three bedders”, all with river views, remain available for purchase.
The cheapest apartment within the development sold for $1.4 million.
Place Bulimba marketing agent Sarah Hackett said the majority of buyers at The Oxlade had been keen to customise their own luxury apartment, with some even amalgamating two units.
It means the original plans for 39 units have now been scaled down to 31 units.
“We’ve had a huge level of enquiry to amalgamate the two-bedroom apartments into
four-bedroom apartments, where the buyer is willing to pay double, giving them 16-
metre frontage with sweeping city views,” Mrs Hackett said.
The amalgamation means the luxury apartments have four bedrooms, three bathrooms
and four side-by-side car spaces.
Mrs Hackett the recent sales of both penthouses within The Oxlade had “set a new benchmark for New Farm penthouse living”.
The Oxlade features 6-star hotel facilities, a concierge, a roof-top infinity edge pool and a 14-seat cellar with a chef’s kitchen attached for dinner parties.
Seymour Group’s Kevin Seymour, a Queensland richlister, said they had wanted to create something “unique”, and allow buyers to customise their dream residence.
“We are developing something truly special with The Oxlade, somewhere residents can
be proud of and have the chance to immerse themselves in all we have to offer,” he said.
Earlier this year, the Seymour family snapped up another prized parcel in New Farm at 39 Griffith St.
It sold under the hammer to Ben Seymour, Kevin Seymour’s nephew, for $7.75 million in March, equalling the city’s highest ever residential auction price set at St Lucia in 2009.
That was until Mrs Hackett sold 95-99 McConnell St at Bulimba for $8.4 million last month.
The Seymour Group are also expected to develop the Griffith Street site, with Kevin Seymour telling the Courier Mail in June that the market was “hungry for luxury”.