The Courier-Mail - Home - - HOME - VANESSA DE GROOT

A CHERM­SIDE devel­op­ment po­si­tioned on the sub­urb’s high­est crest is 80 per cent sold af­ter launch­ing to the mar­ket early last year.

The 60-apart­ment $27 mil­lion Pan­dana project is be­ing de­vel­oped by Lim­it­less.

Now un­der con­struc­tion, it has views of Bris­bane city and More­ton Bay, a fea­ture that has at­tracted pur­chasers.

Buy­ers have also been drawn to the Latham St lo­ca­tion, close to The Prince Charles Hos­pi­tal, Holy Spirit North­side Pri­vate Hos­pi­tal and West­field Cherm­side, while be­ing away from the busy main area around Play­field St and Kit­ty­hawk Drive.

Lim­it­less direc­tor Nick Barr said the lo­ca­tion would re­sult in good ten­ant re­ten­tion for in­vestors.

“In­vestor ap­petite has been strong,” he said. “We have not seen a great deal of ac­tiv­ity from lo­cal buy­ers yet, how­ever, I ex­pect that to change as the project comes out of the ground over the next few months.”

Mr Barr said apart­ments in the nine-level build­ing had con­tem­po­rary fin­ishes, in­clud­ing black tap­ware and light fit­tings.

Pan­dana apart­ments range from 77sq m to 132sq m, priced from $349,000 to $517,000.

A car park is pro­vided with each of the 35 two-bed­room, two-bath­room apart­ments and 25 one-bed­room, onebath­room de­signs.

Lim­it­less re­cently com­pleted a 28-apart­ment Nundah project called Evans & Wind­sor, and is now busy launch­ing Park­side Ke­dron, which fea­tures 45 apart­ments.

“We con­cen­trate on city fringe ar­eas with good amenity and places where peo­ple want to live,” Mr Barr said.

Con­struc­tion on Pan­dana is ex­pected to be com­pleted later this year.

PRIME PO­SI­TION: The Pan­dana devel­op­ment is close to hos­pi­tals and shop­ping cen­tres.

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