CS DEVELOPMENT Group will launch a $60 million apartment development in Toowong, to tap into the suburb’s tightly-held residential market.
Landmark Toowong will comprise of 119 apartments over 12 levels, with one, two and three bedrooms starting from $335,000.
Colliers International project manager Sally Ho says the location offers investment and owner occupier potential.
“The development occupies prime near-river location only moments stroll around the corner from the Regatta Hotel, City Cat terminal, Toowong Railway Station and riverside cycle and walking track,” Ho says.
“Landmark will be a convenient and desirable address being only four kilometres from Brisbane CBD, ideal for owner occupiers and investors alike looking to capitalise on the superb lifestyle of the area plus demand in an area where traditionally residential properties are tightly held.”
Ho says the redevelopment of Toowong Village nearby will add value, offering “premium” alfresco dining and retail options.
A ground level café and deli has been proposed for Landmark, also set to be equipped with a gym, sundeck and pool.
“CS Development Group tends to feature larger than normal floorplan designs in their developments which offer great value for money.
“The one bedroom apartments range in size between 63sqm and 94sqm, two bedroom apartments from 88 to 138sqm with three bedrooms being 138sqm.”
Construction is expected to commence in May 2015 and completed in August 2016.