Ahead of the Games

Broad­beach’s The Beach Apart­ments is poised to ben­e­fit from the book­ings boom to flow from the 2018 spec­ta­cle

Weekend Gold Coast Bulletin - Property - - DEVELOPMENT - WORDS RESHNI RATNAM

THE fi­nal floor of The Beach Apart­ments Broad­beach has been poured, with 95 per cent of the $150 mil­lion de­vel­op­ment al­ready sold.

Builder Mulit­plex poured the floor on level 35 of the 219-apart­ment tower, which is be­ing de­vel­oped in a joint ven­ture by Anthony More­ton Group and Pryde Group.

Buy­ers from around Aus­tralia are snap­ping up the fi­nal two-bed­room, two-bath­room apart­ments selling from $639,000. Hol­i­day­mak­ers have al­ready be­gun cap­i­tal­is­ing on the sum­mer hol­i­day pe­riod and the Gold Coast Com­mon­wealth Games, with book­ings rolling in.

Anthony More­ton Group CEO Tony Hazell said while the op­por­tu­nity to cap­i­talise on the Games was part of the ap­peal, most buy­ers were tak­ing a long-term view due to the prop­erty’s pre­mium lo­ca­tion. He said Broad­beach was set to take “cen­tre stage” on the Gold Coast in coming years.

“The Beach Apart­ments is also the only new res­i­den­tial high rise prop­erty to be de­liv­ered and op­er­a­tional prior to the 2018 Com­mon­wealth Games,” he said.

The project is three months ahead of sched­ule and may be fin­ished by De­cem­ber.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.