It’s full steam ahead for the recently approved Belvue Broadwater, the luxury $130 million tower in Runaway Bay on the Gold Coast.
A builder is expected to be announced in the coming weeks, after the project was given the greenlight earlier this month. Construction kick off is slated for the second or third quarter for this year, Monaco Property Group Director Jonathan Grasso says.
Belvue Broadwater will be the first residential tower to be built in Runaway in over three decades, also offering the last east facing, absolute waterfront high rise opportunity in the suburb.
The Plus Architecture-designed tower will have 31 full floor apartments across 31 levels, as well as three tri-level fully detached houses within the gated estate which will feature a host of resort-style amenities.
Residents will have access to two swimming pools with waterfront daybeds and cabanas. A swim up bar, barbecue pavilion, gymnasium, sauna and steam room will sit among rich gardens and relaxation areas.
NPA Projects Director Andrew Erwin says there has been significant interest from interstate relocators and locals looking to downsize from northern Gold Coast suburbs such as Hope Island, Sanctuary Cove and Sovereign Islands.
“This is blue chip real estate; the land has been tightly held for 50 years and locals who already know and love the area, recognise that Belvue represents a once in a generation opportunity,” Erwin said.
“It’s also appealing to interstate buyers seeking a waterfront lifestyle, offering arguably one of the longest and most incredible view lines on the Gold Coast.”
“Many of the downsizers are coming from large-scale homes and are seeking to elevate their lifestyle with lower maintenance living, without having to compromise on the feeling of space and comfort.”
Apartments span over 270 sqm and will have uninterrupted, never to be built out Broadwater and Ocean views. They will have three-bedrooms and a multi-purpose room. Prices start from $3,545,000.
Article source: Queensland Property Investor