Kokoda Property Group are set to launch the penthouses crowning their recently completed $165 million Milton apartment development, The Ambrose.
Four penthouses will be released to the market, following the successful completion of the project, which comprises 174 apartments and two retail spaces.
Over 95 per cent of the apartments have sold since the project launched in early 2021.
There will be three three-bedroom penthouses on offer, as well as a four-bedroom penthouse which will have its own au-pair residence.
Each will benefit from direct lift access, with the floorplans ranging from 152 sqm up to an expansive 326 sqm. The apartments range from $2.5 million to $7 million.
The largest of the penthouses features a complete built-in one-bedroom private residence perfect for young adult children, au-pair or intergenerational living arrangements.
The penthouses will have floor-to-ceiling windows to allow maximum natural light while also providing panoramic views to Brisbane’s city skyline and river.
The kitchens are the cornerstone of each home, featuring natural stone benchtops, complete with premium Miele appliances including induction cooktops, pyrolytic ovens, microwaves, dishwashers and integrated Liebherr fridge and freezers.
The bathrooms, bedrooms and living areas all feature curved walls, allowing spaces to flow freely from one to the next, while vertical texturing is used throughout the kitchen, bathrooms and master bedrooms.
Kokoda Property Group Founder and Managing Director Mark Stevens said demand far outweighs supply for new apartments within Milton and its surrounds.
“The Ambrose is the first development in a long time to be completed at such a scale. While there are a few projects in planning in neighbouring suburbs, competition and supply are limited for a product of this quality,” Stevens said.
“The Ambrose in particular is highly sought after due to Kokoda bringing its Melbourne flair to the design and with larger apartments being very desirable, we don’t expect these penthouses to sit on the market long.”
“Out of all the capital cities, Brisbane has the strongest fundamentals for growth over the coming years. This is driven by interstate migration and the fact that Brisbane has changed so much in the past five years – it is becoming more of a destination city for both owner-occupiers and investors,” he added.
Located on McDougall Street and reaching 19-storeys high, The Ambrose comprises a mix of one, two and three-bedroom apartments and four penthouses, all offering 360-degree views of Brisbane’s CBD, Brisbane River and Mount Coo-tha.
Residents have access to a concierge, health and wellness centre, private dining and a rooftop deck with an infinity pool with views of the Brisbane CBD.
Architects Cottee Parker made the simple yet sculptural staircase within the lobby a true design feature in The Ambrose, which presents a calming entry sequence on arrival and provides a key linking piece that emulates the organic curves of the building.
Externally, the design of The Ambrose embraces metallic fins wrapping the facade to provide shade and textural contrast, while living greenery weaves up the full height of the tower, naturally anchoring the building to its subtropical landscape.
Stevens said the vision for The Ambrose was to create an iconic project for Milton.
“Milton is a highly developed and corporate location. Our vision was to create something truly unique for the area that would stand out amongst other buildings. Through its design and resident amenity, The Ambrose has lifted the standard of living in Milton”
“Now, the penthouse will set a new standard for the suburb. They are unlike anything this suburb has seen and we’re excited to bring them to market,” he said.
A site steeped in history, The Ambrose is named after esteemed Brisbane chemist and experimental farmer Ambrose Eldridge, who originally purchased the land in 1851.
Article source: Queensland Property Investor