Build­ing about to start at new life­style com­mu­nity

Whitsunday Times - - CHILL -

BUILD­ING is ex­pected to start on the first houses in Re­gatta Wa­ters within the next month.

A to­tal of 21 blocks have sold in the first stage of the de­vel­op­ment and ti­tles will be is­sued on those blocks next week.

Re­gatta Wa­ters will even­tu­ally in­clude 2500 prime home-sites. The first stage in­cludes 49 blocks.

Mar­ket­ing man­ager for the project Steve Marks said there could be up to 30 homes built be­fore Christ­mas this year.

The es­tate will be home to an 18-hole ar­chi­tec­turally de­signed golf course as well as a life­style cen­tre in­clud­ing a pro-shop, gym­na­sium and pool.

“It is pro­jected that within three years, the first nine holes will be re­leased and the life­style cen­tre will be open,” he said.

He said that of the 21 blocks sold so far, and 70 per­cent had been sold to lo­cals. There has also been lot of in­ter­est from Bris­bane as well as in­ter­state, par­tic­u­larly Syd­ney.

There are three Syd­ney in­vestors and two cou­ples who are mov­ing to the area to live at Re­gatta Wa­ters.

Mr Marks said there had been an in­crease in sales in re­cent weeks as more work on the life­style com­mu­nity was com­pleted.

The prices for a block of land start at $170,000. “When we started more than 12 months ago, the aver­age sale price for a block in Can­non- vale was $136,000. It’s now $166,000 but we haven’t in­creased our prices,” he said.

Out of ev­ery lot sale, the de­vel­oper is con­tribut­ing $10,000 to­wards en­sur­ing the golf course and life­style cen­tre goes ahead.

“This is to give buy­ers the con­fi­dence that these ameni­ties will be pro­vided,” Mr Marks said.

He said the de­vel­oper was aware of the need to en­sure all buy­ers were con­fi­dent.

Mr Marks said the de­vel­oper was also com­mit­ted to work­ing with the lo­cal com­mu­nity.

“We have had a lot of lo­cal trades­men here over the past 18 months. At one stage, there were up to 100 people on site,”

“If we get 30 houses built this year, that will also pro­vide a lot of work for a lot of lo­cal trades­man.”

BUILD­ING THE BRAND: The iconic Re­gatta Wa­ters Whit­sun­days sign marks the en­trance to the new property de­vel­op­ment site.

PRE­MIER ES­TATE: The es­tate will be home to an 18-hole ar­chi­tec­turally de­signed golf course as well as a life­style cen­tre in­clud­ing a pro-shop, gym­na­sium and pool.

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