Owner-occupiers and investors alike are recognising the exceptional quality and value being offered by the boutique Newstead Series development resulting in outstanding sales to date.
Local entrepreneur and director of Performance Strategies, Rupert Bryce has purchased a 2-bedroom, 2-bathroom apartment in the Newstead Series to add to his investment portfolio. He was attracted to Newstead Series by the cutting edge Bureau Proberts architecture and its prime location in the exclusive Newstead House riverside precinct.
“I had been watching the market for some time and like any investor did my research. I kept coming back to Newstead Series.
“Realising that I could buy a generous 2-bedroom, 2- bathroom luxury apartment for under $700,000 adjacent to some of Brisbane’s most expensive apartments was a very attractive proposition.
“I’m positive the Newstead Series boutique fundamentals will drive a strong rental yield, particularly given it is within easy walking distance of some of Queensland’s largest employers and in close proximity to the CBD.
“This coupled with the quality of the Newstead Series apartments with their generous kitchens, spacious bedrooms filled with natural light and large useable decks really impressed.
“What also drew me to the development was the limited number of apartments in each tower and the extensive outdoor living spaces and resident amenities which will provide a real sense of community at the Newstead Series,” Mr Bryce said.
Commissioning of major foyer artworks by renowned artist Jason Fitzgerald and graphic frit patterning on the Evelyn Street glass façades by acclaimed designer Adrian Clifford further differentiates the Newstead Series and will create a strong identity for the residents.
The Newstead Series is surrounded by some of Brisbane’s leading retail precincts including Gasworks, James Street and Emporium making this an attractive place to live, work and play.
“Brisbane’s residential market is trending upwards and catalyst projects such as the new $3billion Queens Wharf Casino project will continue this city’s growth” Mr Bryce said.
Developer John Livingstone said, “what sets the Newstead Series apart from other projects are our boutique towers, attention to detail through art and architecture, generous apartment and townhome configurations and expansive resident amenities”.
“The Newstead Series has attracted a variety of buyers from local downsizer owner occupiers who are purchasing premium street front townhomes to young professionals looking for an inner city apartment to savvy interstate buyers who are taking advantage of the arbitrage in the market,” he said.
The Newstead Series comprises four boutique buildings – The Carlyle, The Donaldson, The Ajax and The Koerstz – which were named after Australia’s famous wool presses. The buildings are brought together by half an acre of subtropical landscaped gardens and amenities including a 25 metre lap pool and spa, sauna, gymnasium, alfresco dining areas, fire pit, outdoor cinema, recreational lawns and exercise spaces.
Newstead Series is being developed by JGL Properties with capital partner Thakral Capital. National construction group Watpac has been awarded the building contract and are underway with completion of the Newstead Series scheduled for 2nd quarter 2017. Tessa Advisory is the principle sales agent for the project.