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Colliers appointed to $35m Duranbah project

Colliers International is expecting strong buyer interest in the following weeks, with the official launch of the $34 million Apãra development on the Duranbah headland set for early October.
 
Colliers International has been appointed by Consolidated Properties to market its latest flagship project, which has been tagged as the southern Gold Coast's first true world class apartment building, boasting 12 residential three-bedroom apartments.

Colliers International also represents Consolidated Properties' internationally acclaimed $1.5 billion Casuarina Beach on the New Tweed Coast.

Colliers International director of project marketing, Brinton Keath, says Apãra offers a niche for the high-end market, and is a welcome addition to the portfolio of prestige properties Colliers International's represents.

"Our Gold Coast team has extensive experience and demonstrated success in selling prestige properties, having worked for projects like the world renowned The Sovereign Islands and waterfront Allisee luxury apartments," he said. 

"Apãra is built on what is arguably one of the best sites along the eastern sea board, with a spectacular elevated position overlooking the iconic Duranbah and Snapper Rocks surf beaches, with panoramic views from North Stradbroke Island through to Byron Bay that can never be built out.

"This blue-chip site will be coupled with a building offering residential apartments in a class of their own – they will set a new benchmark for prestige property and luxury living on the Gold Coast.

"We are still seeing solid demand for luxury residential property that combines quality facilities and finishes with a great location, and Apãra really raises the bar in both of these areas.

"The apartments range from 240sqm to 305sqm and will go on the market between $2 million and $3.5 million – given the outstanding design and unmatched views, these prices reflect true vale when compared to other areas on the Gold Coast. I think there will be plenty of interest in this unique address."

Mr Keath says the purchase of the Apãra site was hotly contested amongst prominent developers.

"Most major development firms around Australia have taken interest in the site over a number of years and made a bid to amalgamate the two properties which formed the site," Mr Keath said.

"It took Consolidated Properties more than 12 months to finalise the deal, but it will be well worth it."

"Homes along the ocean front of Rainbow Bay and Point Danger are very tightly held, so the launch of Apãra represents an extremely rare opportunity to buy prestige property in this sought-after area.

"As such, I expect that we will see interest not only from locals but also from interstate and even overseas.

 "The market is positioned at the top end – people 35 to 55 years old, well travelled, design focused, health conscious, many of them surfers who have been very successful in life and can afford to live anywhere."

Apãra, meaning ‘endless horizons' in Sanskrit, will be the first major apartment building to hit the southern Gold Coast market following the opening of the long-awaited $550 million Tugun Bypass.

Apãra has been designed by Brisbane-based firm Arkhefield, renowned for numerous projects across south-east Queensland, including some highly successful projects around Brisbane including One Macquarie and Portside.

Colliers International Gold Coast office director, Tony Boyd, said the Group is the most comprehensive real estate agency in the region.

"Colliers International offers a full range of property services, covering project marketing and management, advisory, sales, leasing, property and sustainability advice and valuation," he said.

"Our global network of offices ensures both an international perspective and an in-depth local knowledge of the changes sweeping regional property markets.

 "The project marketing division alone is backed by handpicked sales agents, a comprehensive property research division and a tailored database of buyers.

"On the Gold Coast we represent the crème de la crème of new residential projects, totalling more than $700 million, and our appointment to Apãra is another prime example."

Apãra is being developed on the corner of Tweed Terrace and Hill Street. With demolition now completed the project is expected to be complete around Christmas next year.

Consolidated Properties is acknowledged as one of Australia's leading developers of masterplanned communities, with major past projects including the $1.5 billion Casuarina Beach township on the New Tweed Coast of NSW, the $1 billion Breakwater Quays project on the Townsville waterfront and the $600 million Bluewater Harbour development in Cairns.

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