National developer launches 144-apartment Zest in Brisbane

National developer launches 144-apartment Zest in Brisbane
National developer launches 144-apartment Zest in Brisbane

Hindmarsh, a national property development company, has launched Zest, a Brisbane project in the KELVIN GROVE Urban Village precinct that will bring 144 apartments to market.

Each apartment will have either an outdoor courtyard or a balcony with a 600 square metre rooftop terrace and views to the city. The Zest development spans over 15 levels and is designed by NettleTribe. Twelve of the levels will be residential.

The 60 one-bedroom apartments are priced from $320,000, with 84 two-bedroom apartments from $375,000.

This comes as the cheaper option to CS Developments’ KELVIN GROVE offering, Victoria Park Residences, with one-bedroom apartments from $343,000 and two-bedroom apartments from $469,000 – however, they are notably larger offerings.

A rooftop terrace will also be built in Zest including a seating area, BBQ facilities and an open-air pool.

KELVIN GROVE’s Evoque development was using the fact they had “no pool” as a selling point in February.

Hindmarsh Queensland development manager Bill McClanachan said that the project includes glass balustrades and textured pre-cast panels.

“Zest has been designed to offer a modern, easy and convenient inner city lifestyle,” said McClanachan. 

“We have already received more than 60 expressions of interest from both investors and owner occupiers so the value and design appeal of Zest is evident,” he said.

It will include one and two bedroom apartments ranging from 50 to 82 square metres internally.

“Landscaping and a street-side park at the base of the building will create a restful fringe of green and enhance the outlook from the upper level balconies and podium-level apartment courtyards,” he said.

The apartments have been designed with the aim of keeping body corporate power bills lower, using sunshading, fresh air flows, thermal massing and glazing, with each apartment serviced by individually-metered gas hot water.

“Quality carpets throughout the bedrooms combine with the generous living and dining areas to give a feeling of comfort, while the expansive windows and glass doors to the balconies drench the rooms in natural light. When night falls, feature LED lighting in kitchens and bathrooms adds an energy-efficient touch of style,” he explained.

 All the apartments are cabled for wireless broadband, Pay TV, free to air HD digital TV, regular telephones and include TV, data and phone points installed to both living areas and the main bedroom.

It includes two levels of retail and commercial space, as well as a suspended level of parking and two basement levels.

The project launches on 5 July. It will be on the corner of Musk Avenue and Carraway Street.

According to the project’s marketing, Zest has the potential for “long-term capital gain” with prices outstripping the Brisbane average previously.

In KELVIN GROVE, a notable 60% of the population rent, median rental yields throughout 2013 sat at 4.24% and rents increased by a median of 3.15% in the past 12 months. According to RP Data, the median unit price in Kelvin Grove is $499,475, with median advertised weekly rent of $450.

Correction: The photo accompanying this article has been updated since publication. The initial photo featured another development project in the same suburb.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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New Developments Brisbane

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