THE WELLINGTON MARKS $30M SALES AS BUYERS HEAD EAST

THE WELLINGTON MARKS $30M SALES AS BUYERS HEAD EAST

EPV Developments has recorded almost $30 million in new apartment sales at its latest offering The Wellington in East Brisbane.

The $60 million 9-storey tower comprises 127 one-bedroom and 32 two-bedroom residences, with 60 apartments sold since its launch in December.

EPV Developments director Karl Jameson says the project is poised to capitalise on growing demand for Brisbane's inner south-east.

"We want to make the most of this prime location by creating a development where residents can enjoy convenient and luxurious inner-city apartment living and captivating city views," Jameson says.

"Our design concept for The Wellington's apartments is to create a sense of space, maximised by integrating accessories into a seamless, clean and contemporary style, offering a choice of light and dark colour palettes and selected upgrade options allowing owners to personalise aspects of their apartment."

The development has a rooftop pool and entertaining area, as well as a dining and retail precinct on the bottom floor featuring a flagship Di Bella Coffee store.

The Wellington marketing manager and TOTAL Property Group managing director Adrian Parsons says the mixed-use offering has attracted both owner-occupiers and investors.

"The Wellington is attracting a diverse range of buyers due to its location, value and overall quality, with purchasers coming from the local and wider Brisbane market as well as Sydney," Parsons says.

"Brisbane's property market is continuing to record healthy growth both in sales volumes and median sale prices, particularly for multi-storey developments, with apartment living becoming increasingly popular.

"East Brisbane is a high growth area experiencing increasing and ongoing demand from buyers and tenants due to the limited availability of new apartment developments.

"The impressive sales results we have seen since launching only confirms the appeal of the location and the luxurious, spacious and competitively priced apartments on offer at The Wellington."

Located on the corner of Wellington Road and Overend Street, apartment prices start from $345,000.

 

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

Westpac breached Banking Code of Practice in NT branch closure, putting vulnerable customers at risk

Westpac breached Banking Code of Practice in NT branch closure, putting vulnerable customers at risk

The independent body tasked with keeping bank behaviour in check ha...

Cyber security consultancy CSO Group to merge with AI enabler xAmplify

Cyber security consultancy CSO Group to merge with AI enabler xAmplify

Sydney-based cyber security consultancy CSO Group is set to join fo...

Julian Assange will be freed after striking plea deal with US authorities

Julian Assange will be freed after striking plea deal with US authorities

Julian Assange has reached a deal with the United States Department...

Cash transporter Armaguard receives $50m lifeline to stay afloat

Cash transporter Armaguard receives $50m lifeline to stay afloat

As cash processing, storage and transport company Armaguard struggl...