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Boutique Apartments in Exclusive, High Demand Area: $459,000 - $479,000

Boutique apartments, exclusively available to Real Estate Investar Members.

86, one, two and three bed apartments

Great property for investors or owner-occupiers.

Appraised rent approx. $480-$530 per week. 5.14% estimated yield.

Close to TAFE, Griffith University, Royal Pines Resort, Metricon Stadium, the M1 motorway and Nerang Rail Station.

Stage 1 of development completely sold out and tenanted.

Property Overview

Architecturally designed by BDA Architecture, known best for their high-end luxury projects, Stage 2 of Atmosphere at Ashmore is next to hit the market. With unique owner-occupier industrial style finishes throughout and common pool & BBQ areas complimented with tropical landscaping, these large two bedroom apartments are in high demand with stage 1 completely sold out and tenanted.

Atmosphere is the only boutique apartments being built in the area due to the lack of land availability. The development has seen huge demand for the completed product through stage one due to there being very few new apartment/housing options for sale in the area. The development is achieving rents higher than expected due to this demand, with the majority of sales (approx. 80%) in stage one being to owner occupiers.

Stage two will comprise of 86 industrial style one, two and three bedroom apartments expected to be completed by April 2018.

Pre-release opportunity

The pre-release apartments we have secured exclusively for Real Estate Investar members are 88m2 internally and comprise 2 bedrooms, 2 bathrooms and either single or double underground basement car parks depending on the unit.

The units feature great open-plan living and dining areas leading out to the balcony (ranging from 12 - 41m2) which overlook beautiful tropical landscaped common areas.

Sought-after location

The development is conveniently positioned in the heart of Ashmore providing easy access to several schools, shopping centres and hospitals. Atmosphere is also on the dorrstep of Ashmore TAFE, Griffith University, Royal Pines Resort and Metricon Stadium. Nearby majortransport includes the M1 motorway, Nerang Rail Station and local bus services.

  • High demand apartments with stage 1 completely sold out.
  • Central position close to schools and transport.
  • Pool and BBQ common areas with tropical landscaping
  • One, two and three bedroom apartments expected to be completed by April 2018.
  • Only boutique apartments being built in the area due to lack of land availability.

Suburb Overview

Ashmore is a suburb in Gold Coast in Queensland, Australia. At the 2011 Census, Ashmore had a population of 11,586.

There is a private high school, two private primary schools and one public in Ashmore.

Public Transport in Ashmore consists of six different bus routes, though no more than two cover most areas of the suburb.

Investment Fundamentals
Purchase Price $459,000- $479,000
Price / sqm $3,685- $4,590
Internal Size 88 sqm
External size 12-42 sqm
Body Corp $72-$75 per week (approx.)
Expected Completion April 2018
Appraised Rent $480-$530 per week (approx.)
Yield 5.14% (approx.)

Contact our Property Team 

Ph: 1300 737 782
anthony@realestateinvestar.com.au

Alternatively please complete the expression of interest form to download a detailed investment brief and expressions of interest form and we will respond to your inquiry.

Yarrabilba Investment Brief

 



Complete Your Details to Register your Interest


This is not a contract for the sale and purchase of a property.

Completing this form does not commit you to purchase: this is an expression of interest form that allows the team at Real Estate Investar and Builder Builder to contact you about this investment opportunity, answer any questions you may have and if you wish help you to select the unit that best meets your investment preference.