THE WELLINGTON MARKS $30M SALES AS BUYERS HEAD EAST
Written on the 11 May 2016
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.