Aniko launches $140m No. 1 Grant Avenue at Hope Island

Aniko Group has unveiled a spectacular upmarket $140 million waterfront project that is set to transform a key site at Hope Island on the northern Gold Coast.

Fresh from the recent quick-fire sell-out of its $55 million Three72 Marine on the Gold Coast’s Broadwater, Aniko Group, headed by George Mastrocostas, has released an impressive series of apartments defined as “affordable luxury”.

Known as No. 1 Grant Avenue, the project will take advantage of a critical shortage of apartments in the high growth Hope Island area and will be strategically positioned adjacent to the recently opened Hope Island Marketplace.

Advantageously located on an 8,390sqm waterfront site, the development will offer 210 apartments across two buildings with a range of exclusive resort style facilities.

The first stage at No. 1 Grant Avenue will comprise 105 apartments, ranging from one-bedroom, plus study to three-bedroom, plus study residences.

Apartments will blend elements of modern yet timeless design, which offer spectacular water views and lush green surrounds resulting in a resort style feel.

“We are committed to creating modern apartments with the end user in mind by integrating resort-style features that maximise the residents lifestyle opportunities,” said Mr Mastrocostas.

Sweeping floor to ceiling windows and flow-through layouts fill apartments with natural light, accentuate stunning views and seamlessly connect with the luxurious Hope Island surrounds.

Apartments will be finished with rich materials, elegant designer touches, high-quality stainless-steel appliances and ducted air-conditioning.

Buyers will enjoy access to a residents’ lounge, expansive pool with sundecks, a fully equipped gym overlooking a children’s indoor play area, zen garden, private media room, barbecue facilities, a pet wash bay and secure basement parking.

Aniko will also be lodging an application to construct marina berths so that owners can enjoy bridge free access to the Broadwater and seaway.

Mr Mastrocostas said the sell-out success of the Three72 Marine Parade apartment project in Labrador pointed to pent-up demand for quality apartment living on the Northern Gold Coast and bodes well for No. 1 Grant Avenue.

“At present there is an under supply of new apartments in Hope Island which is a highly sought-after area, so we’re very excited to be launching No. 1 Grant Avenue,” he said.

“This project is going to be one of our most impressive to date with a focus on the discerning lifestyle buyer who is looking for luxurious facilities and inclusions without the exorbitant price tag.

“Buyers will have everything they need with shopping, cafes and restaurants close-by adding to the fantastic lifestyle opportunity and maximising convenience.”

Apartments will range in size from 86sqm to 176sqm. Prices start from $369,000.

Aniko Group will start construction by mid-2019, with project completion due in March 2020.

The development is just a stone’s throw from the brand new $65 million Hope Island Marketplace and a short drive from the recently completed $470 million Westfield Coomera Town Centre.

Hope Island is surrounded by majestic waterways, some of the best golf courses in Australia and is also home to two world classic resorts in Sanctuary Cove and Hope Island resort.

Hope Island offers a haven away from the hustle and bustle of the city, yet provides easy access to employment hubs of Brisbane CBD, Surfers Paradise and Southport.

Mr Mastrocostas said No. 1 Grant Avenue would be an iconic project for the region.

“It’s an exciting time for our team and we’re certainly eager to break ground and deliver what we believe will be a defining project for Hope Island that will suit owner occupiers and investors alike,” Mr Mastrocostas said.

“We’re pulling out all the stops to create luxurious residences and have really kept buyers needs at the forefront of our minds throughout the design process.

“This saw us incorporate a state-of-the-art recreation precinct rather than extra apartments which essentially adds a premium to the project itself, both for the owner occupier and the investor looking for strong rental returns.

“We’ve even brought on board a yet-to-be announced fitness personality to design the on-site gym which will feature the most cutting-edge equipment and add to the exclusivity of the development,” he said.

The Hope Island development adds to Mr Mastrocostas’ impressive project portfolio of projects, which includes the development of a purpose-built luxury car showroom on the corner of Ferry Road and Brolga Avenue at Southport completed late last year.

The showroom, which has been leased to ASX-listed Autosports Group Limited, is a joint venture development that has become the Gold Coast home to luxury marques Bentley and Maserati.

Mr Mastrocostas has 20 years’ experience in the property industry and has created more than 1000 luxurious residences in some of south-east Queensland’s premier addresses.
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