Southern Gazette (South Perth) - - RESIDENTIAL -

OFF-THE-PLAN lux­ury apart­ments are still prov­ing a hot com­mod­ity with home buy­ers and in­vestors, with a new South Perth de­vel­op­ment be­com­ing an­other prime ex­am­ple.

Giorgi Ex­clu­sive’s project Ech­e­lon on the South Perth es­planade has sold one third of its res­i­dences and 80 per cent of its of­fice suites since its launch in March.

Hav­ing reached sig­nif­i­cant sales tar­gets in what could be de­scribed as a soft real es­tate mar­ket, Giorgi Ex­clu­sive man­ag­ing di­rec­tor Claude Giorgi said the re­sults were a pos­i­tive out­come.

“We are due to com­mence con­struc­tion and these re­sults give us the con­fi­dence in how our de­sign and con­struc­tion ca­pa­bil­i­ties meet the re­quire­ments of this end of the mar­ket,” he said.

The nine-storey ar­chi­tect­de­signed apart­ment com­plex of­fers 12 apart­ments, with four sold in the first two weeks of for­mal mar­ket­ing.

All homes en­joy un­in­ter­rupted views of the Swan River and Perth sky­line and have three bed­rooms, large bal­conies or ter­races, and vary be­tween 253sq m and 258sq m in floor area.

There are two im­pres­sive topfloor pent­houses with main liv­ing ar­eas that fea­ture 4.5m-high ceil­ings, with some buy­ers al­ready show­ing in­ter­est in merg­ing them to form a pre­mium res­i­dence span­ning more than 500sq m.

“Ech­e­lon’s ar­chi­tec­ture makes it even more at­trac­tive as there is con­tin­u­ing in­ter­est in the re­main­ing eight res­i­dences,” Mr Giorgi said.

“We wanted some­thing with a unique­ness and de­sign that is be­fit­ting of the site and a qual­ity that will give it pres­ence in the area.

“And at be­tween $5 mil­lion to more than $7 mil­lion, it means the square me­tre rate is ei­ther at or below what the other pre­mium South Perth es­planade pent­houses have sold for.”

Ev­ery apart­ment has been fin­ished to a pre­mium stan­dard with some of the finest in­clu­sions, such as Miele in­te­grated ap­pli­ances in the kitchen and larder, built-in stain­less steel gas bar­be­cues and wok burn­ers in the out­door en­ter­tain­ing ar­eas, and large for­mat porce­lain tiling to all liv­ing ar­eas.

Mr Giorgi said most buy­ers were in the over-50s age group and look­ing to live in top-end, low-main­te­nance prop­er­ties.

“This is es­pe­cially so once their chil­dren leave the tra­di­tional home and these buy­ers then look for a lux­u­ri­ous lock-an­dleave life­style,” he said.

“Peo­ple ob­vi­ously want to move from their nice homes to an apart­ment that re­flects the life­style they are af­ter.”

The bou­tique apart­ments will be above a restau­rant, of­fices and park­ing on the podium and base­ment lev­els.

Four of the five of­fice suites have been sold to South Perth busi­nesses at­tracted to the lo­ca­tion and views.

The restau­rant, which has river vis­tas, has gained in­ter­est from lead­ing Perth, na­tional and in­ter­na­tional restau­ra­teurs.

For more, visit www.ech­e­lon south­

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