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.

Weekend Gold Coast Bulletin - Property - - AUCTION - WORDS SA­MAN­THA HEALY

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.

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