It only took a soft launch for reputable Gold Coast developer Aniko Group to secure almost 50 per cent of their new Chevron Island apartment tower, Orama.
Aniko, led by George Mastrocostas, is only just putting the finishing touches to their onsite display suite at 12-16 Weemala Street, a large site which they acquired in 2021 through GV Property Group.
They were inundated with enquiry from locals, who have made up the bulk of the purchasers in the 102-apartment project since Aniko started its coming soon phase over the summer, Aniko Sales Director Peter Malady says.
Prices have ranged from $895,000 through to the $3.15 million penthouse, which is expected to exchange next week to a local downsizer.
“Most of the buyers, as we expected, have come from either Chevron Island, or within a five kilometre radius,” Malady said, adding that buyers have come from Surfers and Paradise, just the other side of the Chevron Island Bridge.
“Most of them are downsizing their family homes and are wanting a more maintenance free lifestyle in a village community.”
Malady said their second largest buying demographic are lock up and leave holidaymakers from Sydney and Melbourne.
“There’s wealthy clientele from all areas of Sydney and Melbourne who are securing two-bedroom apartments and will use it for themselves when they come and holiday, and will lock it up for the rest of the time.”
Malady says Sydney purchasers have, for a long time, been more prevalent across their portfolio than those from Melbourne, however it’s been more of an even split at Orama.
Orama was designed by Plus Architecture, who noted in their design statement that the design of the tower was inspired by the natural soft and subtle movements of the surrounding environment, the form dips and curves to mimic these graceful lines.
“This ultimately crafts a highly articulated building which not only takes these movements into consideration, but also captures the picturesque surrounds.”
Crowning the project on level 21 is a 550 sqm rooftop which will feature a striking lap pool and spa.
Having nearly cleared the 50 per cent sold milestone, Aniko are well on track to kick off construction on time. They’re targeting to start the build in Q4 2023.
As a builder developer, Aniko don’t have the trials and tribulations of most developers across the Gold Coast, indeed across most of the country.
“We’ll be pulling our building team from Athena Residences on Hope Island when that’s finished and they’ll start building Orama,” Malady says.
“It’s a rare, and and incredibly attractive proposition for buyers in today’s off the plan property market. We don’t need to find a builders and battle with cost increases, we just move from one of our own developments to the next. It’s a great vote of confidence in the project that we have a 100 per cent completion rate on everything we’ve done.”
Article source: Queensland Property Investor
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