$400 million project launching to market
THE first stage of a 920apartment development at Newstead will launch to the public next weekend.
Metro Property Development’s Newstead Central was unveiled to its VIP database before Christmas – resulting in a 50 per cent sellout – but will be officially released to the market on Saturday.
Aqua, the first of five towers in the $400 million project, will offer one- and two-bedroom apartments priced between $399,000 and $699,000.
Its 149 apartments will be spread across 16 levels with a podium level pool, gymnasium and billiard room, plus ground floor retail.
The project’s second and third towers will be released in March.
Metro co-founder and chairman David Devine said he was confident Newstead Central would exceed expectations.
“Newstead Central is located in the heart of Newstead, one of the city’s most exciting and fastest growing inner-city suburbs,” he said.
“It offers enormous investment potential: affordable dwellings; excellent infrastructure; a number of employment nodes nearby such as the Bank of Queensland, Royal Brisbane Hospital, Energex and Tatts Group; and dining and shopping on its doorstep.”
Metro co-founder and marketing director Ken Woodley said the apartments offered resort-style living.
“The level of resident facility that we have incorporated into Newstead Central sets a new benchmark in apartment living in Brisbane,” he said.
“From a rental perspective, facilities such h as man-made beaches, resort pools, six-star foyers and entries, sky terraces and gyms will ensure that Newstead Central is the number one apartment development to live in, underpinning rental yields and valuations.”
On completion, Newstead Central will comprise 920 luxury apartments and exclusive facilities including a resort-style recreation deck featuring a lagoon pool, beach area, lap pool, plunge pool, outdoor kitchen, sunbathing deck, picnic areas and multipurpose fitness studio.
Newstead Central is on a 1ha site on the corner of Stratton St and Ann St, adjacent to the iconic Waterloo Hotel and across from the Emporium.
It is also within walking distance of the Gasworks and James St precincts and less than 1.5km from the Brisbane CBD.
PREMIUM LOCATION: Newstead Central is a short walk from facilities.