Brookfield launch sales at Hamilton apartment development Rivello
The upper-end of the Brisbane off the plan apartment market is continuing to go from strength to strength.
The latest success story comes from Hamilton, where Elenberg Fraser Properties has already secured over $100 million in off the plan sales at is riverfront Rivello Hamilton apartment development.
Sales of the 150 apartments have just officially hit the market.
It's been the higher end apartments in the $147 million, 21-level building designed by Cottee Parker Architects which have proved the most popular, with the penthouses among the first to sell.
Brookfield Residential Properties’ Managing Director, Lee Butterworth, said buyers had responded well to Rivello.
“There is certainly significant demand for Brisbane property in the current market and buyers recognise Rivello represents a rare opportunity to purchase a new apartment in a building on the Brisbane River,” he said.
“We started receiving enquiries from the moment we secured development approval, and formally began taking registrations of interest late June, with buyers knocking on our door to know when they could officially secure their place in the project.
“Buyers have predominately been local owner-occupiers from within a ten kilometre radius of Portside, who are familiar with this precinct and are looking to secure their place here, or to upgrade to a new apartment. Many have purchased with us at Portside previously.
“We have also experienced strong enquiry from interstate buyers, including owner-occupiers wanting to relocate to the Sunshine State and those who see the strong investment potential Queensland offers, with almost 10 per cent of sales to date to interstate purchasers.”
Apartments at Rivello average a generous 120 sqm and feature high quality fittings and finishes, including premium appliances, a spacious open plan design and floor to ceiling glass to maximise views and natural light.
The final two sub-penthouses have up to 302 sqm of floor space, including kitchens with butler’s pantries, a fireplace, and expansive outdoor entertaining spaces.
There's extensive resort-style resident amenity within the building, including an infinity-edge pool with views across the Brisbane River to the CBD, a private dining room with kitchen and bar for intimate gatherings, a residents’ lounge, wine cellar, business centre, outdoor gardens and barbeque areas.
Butterworth said the exclusive facilities were complemented by the extensive range of lifestyle offerings at Portside.
“While there are plenty of places for residents to relax and unwind, or host family and friends, within their apartment or the building, they are spoilt for choice with the range of sophisticated dining and retail, along with a cinema and supermarket, quite literally at the doorstep,” he said.
“If they want to go further afield, there’s numerous modes of public transport, including the CityCat, major arterial roads and Brisbane Airport in easy reach.
“Rivello’s location truly is unparalleled when you consider its accessibility, absolute riverfront position and vibrant street level.”
There's a mix of apartments available, ranging from one bedrooms to the final two sub-penthouses.
Two bedroom apartments in the ‘Lifestyle Collection’ are priced from $605,000, two and three-bedroom apartments in the ‘River Collection’ from $720,000 and the final sub-penthouses in the ‘Penthouse Collection’ are priced from $2,070,000.
