Gold Coast developer Aniko Group set a scorching pace in the last week of February by securing a buyer a day for the $140 million luxury apartment project, No. 1 Grant Avenue, at Hope Island.
Aniko achieved $4.2 million in sales in the closing week of summer, with the buyer rush led by a wave of owner-occupiers.
The sales performance comes on the heels of No. 1 Grant Avenue being identified by the latest Urbis Market Essentials report as one of the fastest-selling projects on the Gold Coast over the second half of 2019.
Aniko Group managing director George Mastrocostas said owner-occupiers were among the biggest group of buyers, including downsizing retirees, looking to secure a foothold in the project.
First-home buyers were also in the mix, accounting for one of the sales at the end of February.
“We’ve been fielding inquiries from a broad range of potential buyers, many of them locals,” said Mr Mastrocostas.
“One of our buyers is relocating from Ephraim Island and that’s come about because of the evolution of Hope Island in recent years as a lifestyle market that offers a wealth of amenities.
“The popularity of Hope Island Marketplace, which is attracting shoppers from Paradise Point and Runaway Bay, is one of the key drivers of buyer inquiries. Buyers see Hope Island as a maturing market that has everything close at hand.
“It’s also coming into its own as one of the Gold Coast’s last affordable lifestyle suburbs.”
The No. 1 Grant Avenue development is within walking distance from the $65 million Hope Island Marketplace and buyers are also looking towards the benefits of future transport infrastructure such as the new Hope Island railway station and Coomera Connector.
Aniko has designed No. 1 Grant Avenue to reflect a waterfront resort lifestyle with a range of resident amenities to match.
Apartment owners 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, secure basement parking and bridge free access to the Broadwater and the seaway.
When completed, No. 1 Grant Avenue will comprise 210 luxury apartments across two buildings along the Hope Island waterfront.
The latest sales have pushed the project past the 70 per cent sold level, which has led Aniko to fast-track construction of the second stage to begin in April.