Riverside apartments are set to impress

Floor to ceiling windows in each apartment make the most of the natural light and views. There is also a private rooftop spa, relaxation, gym and yoga sanctuary.

THE first riverside residential tower to be built on the Surfers Paradise peninsula in more than 30 years has commenced construction, with over 80 per cent of the apartments sold to date.

Peninsular Residences will consist of 60 two bedroom and two bathroom apartments across nine levels, and will occupy a prime 1518sq m site on a peninsula that connects the Surfers Paradise beachfront with the Gold Coast waterways.

The development — due for completion in mid-2019 — is the first Gold Coast venture for Sydney-based property developer and fund manager HCAP Developments and Brisbanebased development management consultancy Marquee Development Partners.

HCAP Developments CEO Steve Howell said Peninsular Residences had sold quickly because it was designed with owner occupiers in mind, was being built in a prime location and was well connected to the entertainment precincts of Surfers Paradise.

“The Surfers Paradise peninsula is an absolute gem of a location, which has not seen a residential tower with a full complement of resort-style amenities built in more than three decades, so there has been significant pent up demand,” he said.

”Peninsular Residences is located about a five-minute walk from the beachfront which means the heart of Surfers Paradise is easily accessible, but residents can still enjoy the peace and tranquillity of a riverside lifestyle.”

Mr Howell said Peninsular Residences had attracted the interest of locals as well as interstate investors, and he expected the final apartments to sell quickly now that construction had commences.

The remaining apartment start from $514,000, and are expected to sell to locals.

Marquee Development Partners’ CEO Mark Spedding said the apartments had been designed by BDA Architects, with “every space … maximised”.

“The bathrooms are akin to a luxury health spa, the kitchens are a chef-style entertaining space with European appliances and the jewel in the crown is the private rooftop retreat exclusive to residents,” he said.

There is also a private rooftop retreat which features a gym with outdoor yoga lawn, spa, cocktail terrace, movie theatre and private dining lounge with views across the waterways.

Apartments are priced from $514,000.