ALDERLEY PRIME FOR APARTMENT SALES

ALDERLEY PRIME FOR APARTMENT SALES

MOSAIC Property Group is banking on the burgeoning popularity of Alderley, with the launch of Botanica on Quarry.

The developer is hoping the luxury boutique offering will capitalise on the Brisbane suburb's future as a "leading blue chip city fringe" area.

Brisbane City Council's Suburban Centre Improvement Project (SCIP) has transformed Alderley with a $5.3 million upgrade to the shopping centre, improved streetscapes and expanded bicycle facilities.

Botanica on Quarry director of sales Anthony Hancock says pre-launch interest has signalled that the development will likely sell out fast.

"Botanica is the second of two key projects for Mosaic at Alderley, following the success of Cove on Camborne selling 100 per cent of apartments within the first six weeks," Hancock says.

"Over the past 15 years, Brisbane's city-fringe suburbs have demonstrated stronger capital growth than the CBD, with an annual growth rate of 6.6 per cent, compared to 5.5 per cent in the CBD fringe area."

The development will consist of 13 two and three bedroom apartments priced from $510,000.

Mosaic Property Group managing director Brook Monahan says Botanica on Quarry is set to benefit from the significant investment in the area.

"Botanica will infuse Alderley's booming market with its architectural prowess, offering functionality and affordability in stylish, contemporary apartments, six kilometres from Brisbane's CBD, 500 metres from Alderley train station and minutes from more than 30 hectares of parklands," Monahan says.

"Featuring fully air-conditioned, spacious, open plan apartments up to 159 square metres, Botanica offers residents the opportunity to entertain friends and family on large, private balconies.

"Residents at Botanica will also enjoy access to luxurious lobby designs, secure garage and stunning views of Brisbane's skyline and surrounding areas."

Construction is scheduled to commence in June, with the first settlements anticipated in April 2016.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Sushi Sushi catches a new fish with Sushi Musa acquisition

Sushi Sushi catches a new fish with Sushi Musa acquisition

One of Australia's leading quick service retail (QSR) food chai...

Owner of Houston’s Farm, Sunfresh and Gourmet Selections enters administration

Owner of Houston’s Farm, Sunfresh and Gourmet Selections enters administration

A national vertically integrated farming and ready-made salad manuf...

Body Fit Training sets sights on Scandinavia with master franchise agreement

Body Fit Training sets sights on Scandinavia with master franchise agreement

After opening up 42 new studios globally in 2024 to date, Melbourne...

AI is not a magic wand – it has built-in problems that are difficult to fix and can be dangerous

AI is not a magic wand – it has built-in problems that are difficult to fix and can be dangerous

By now, all of us have heard and read a lot about artificial intell...