Mariners Penin­sula to be mil­lion­aires’ row

Townsville Bulletin - - Investor - Martin Rasini Townsville Bul­letin

WATER­FRONT homes to be built on land in Mir­vac’s Mariner’s Penin­sula es­tate fronting Townsville’s Cleve­land Bay will even­tu­ally be­come North Queens­land’s finest res­i­den­tial ad­dress, says a lead­ing Townsville prop­erty agent.

Mariner’s Penin­sula is be­ing de­vel­oped in two stages on a 3ha par­cel ac­cessed from The Strand where the first stage was com­pleted some time ago. The sec­ond stage com­prises The Point, a yet to be de­vel­oped 15-level tower with 71 apart­ments, and 15 ocean­front home sites, six of which are un­der con­tract for prices rang­ing from $ 1.035 mil­lion to $ 1.245 mil­lion.

The tower has notched up offthe-plan sales val­ued at $ 22 mil­lion, with one apart­ment sold for $ 1.9 mil­lion.

Nick Ferry of Ferry Prop­erty, lead agents for The Point, said yes­ter­day he be­lieved the Mariner’s Penin­sula home sites would ac­com­mo­date some of the North’s homes.

‘‘ Dis­cus­sions with some of the pur­chasers in­di­cate they a r e p l a n n i n g s p e c t a c u l a r homes for their land,’’ he said.

‘‘ The po­si­tion is stun­ning and, with just 15 lots en­joy­ing the as­pect and po­si­tion, we be­lieve they will con­sti­tute Townsville’s best ad­dress.

‘‘ It is fair to say that they rep­re­sent a once-in-a-life­time buy­ing op­por­tu­nity.’’

The home sites face north and

most

ex­clu­sive north­east and af­ford un­in­terr up­ted views t o Mag­netic Is­land or of Cleve­land Bay and The Strand. The av­er­age price of re­main­ing lots is $ 1.1 mil­lion.

M i r v a c D e v e l o p m e n t ’ s Queens­land chief ex­ec­u­tive Matthew Wal­lace said the com­pany ac­quired the Mariner’s Penin­sula site sev­eral years ago be­cause it con­sid­ered it to be the best water­front res­i­den­tial site in North Queens­land.

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