Nine months, $13.5 million worth of apartments: Portside Wharf’s Link sold out

Nine months, $13.5 million worth of apartments: Portside Wharf’s Link sold out
Nine months, $13.5 million worth of apartments: Portside Wharf’s Link sold out

Brookfield Residential Properties’ Link at Portside Wharf has sold out after nine months of being on the market, with more than $13.5 million of apartments purchased.

Since launching to market, 32 one bedroom apartments spanning four levels have sold. Link will be completed by early-2015.

Link is the release in the retail and residential precinct at the Hamilton project Portside Wharf, with 522 square metres of retail space on the ground floor level.

Purchasers were mainly investors and first home buyers, according to Brookfield Residential Properties regional director Lee Butterworth.

"Link presented the perfect opportunity for entry level buyers to secure a spot at Portside Wharf and enjoy the luxury lifestyle that comes with living atop a lively retail precinct," said Butterworth.

"Savvy investors were also quick to move, snapping up the apartments in a matter of months to reap the financial benefits of providing renters a space with restaurants, boutique fashion and entertainment on their doorstep.”

Currently in Portside Wharf’s other projects, four apartments remain in the Promenade building, and the latest development Pinnacle is sitting at 60% sold. Pinnacle is currently being built with construction due for early next year.

"Pinnacle is our premier residential development occupying a prime river fronting position with more than 70% of apartments boasting river views that can never be built out,” he said, with the development having reached $80 million in sales and having sold all of the one bedroom apartments.

A penthouse, six river terraces and a number of three bedroom and two bedroom apartments remain. Apartments are priced from $595,000.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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