A haven for retirees
SALES at the Gold Coast’s landmark retirement highrise development, the $220 million Victoria Towers, have topped $35 million.
Developer City Plan Partners has now sold 52 apartments in less than one year at the Southport CBDbased project.
Ray White Surfers Paradise Group’s project marketing director Julian Sutherland said the sales success of Victoria Towers was proof of an emerging trend that retirement living was becoming more attractive to end-users and investors, thanks to the freehold purchasing model.
Mr Sutherland said the ability to purchase a retirement apartment under strata title was complemented by Victoria Towers’ quality product offering, its broad mix of recreational choices, agedcare services, superior location and the growth potential of the retirement accommodation sector.
Victoria Towers was one of the Gold Coast’s most successful apartment development projects in 2009 with the project among the top five for sales in the last two quarters of the year according to the latest
The figures show the project came in second place in the June quarter with 27 sales and fourth place in the September quarter with 25 sales.
Apartments range in size from 77sq m to 179sq m and are priced from $412,000.
“To be one of the Gold Coast’s best selling projects in 2009 across all high-rise developments is an outstanding achievement when you consider the narrow target market for Victoria Towers,” Mr Sutherland said.
“The sales success is testament to the increasing demand for quality and innovative retirement developments which offer a freehold purchasing model.
“The freedom to purchase a freehold apartment in a central location surrounded by an abundance of essential services and lifestyle options such as the Gold Coast Hospital, Australia Fair Shopping Centre and the Broadwater are proving to be key selling points.
“Victoria Towers’ residents will also have all their aged care needs and recreational needs taken care of under the same roof.”