SOUTH BRISBANE HITS PROPERTY HIGH NOTE
Written on the 2 September 2014
OPERA is about to hit a $100 million high note in Brisbane with the help of Abcor Property Holdings.
The Melbourne-based company is developing a $100 million apartment project, Opera, at 47 Cordelia Street in south Brisbane.
The 16-level building will host 182 one, two and three-bedroom apartments, and is Abcor Property Holdings first dabble in the Brisbane market.
Colliers International marketing agent Andrew Scriven says the area is currently the hot spot for residential development and investment, ideal for inner-city workers.
“We are expecting interest from local and interstate investors keen to tap into a high yield rental area that is sought-after by tenants,” says Scriven.
“Apart from being a short walk from the CBD, south Brisbane is the cultural, entertainment and dining epicentre of Brisbane.
“It is also serviced by multiple modes of public transport, making it a preferred residential area.
“For these reasons South Brisbane is currently the hot spot for residential development and investment in Queensland.”
The apartments are priced from $375,000.
The development will be fitted with onsite leisure facilities such as a rooftop pool and entertainment area with Brisbane skyline views.
“As Opera’s pricing demonstrates, good design does not have to cost more,” says Scriven.
The Opera sales office is under construction onsite and will open in late September.