Pellicano's Woolloongabba, Queensland development secures record sales

A Woolloongabba development has secured 117 unconditional sales in three months, with developers Pellicano achieving record sales over the past quarter at the site.

Trafalgar Lane, Pellicano’s $85 million Woolloongabba development, was released in May this year and is now 90% sold.

The 20 level tower development has seen interest from owner occupiers, according to Pellicano Queensland development manager Michael Kent.

"Trafalgar Lane's sales success saw us meet our pre-sales target extremely quickly, particularly in this market, which allowed us to commence construction ahead of schedule," he said.

"There has been a mix of buyers with owner-occupiers very well represented due to the project's central location, just 1.5 kilometres from the Brisbane CBD,  the quality design and competitive price points.”

The remaining apartments are available from $412,500. In total the development includes 147 one, two and three bedroom apartments. A five level podium, with retail and commercial space, is also integrated into Trafalgar Lane.

"The development's unique vantage point, directly across the road from The Gabba has proved to be an enormous drawcard, offering commanding views of the stadium, the CBD and the Brisbane River," Kent said.

"The apartments have been designed by the internationally acclaimed DBI Design, and apartments feature floor-to-ceiling windows to take in the views, with private, noise-protected balconies and refined interior detailing.

"They have been designed for the end user, featuring hand-selected fittings and finishes including wool blend carpet, fully vitrified floor tiles, stone benchtops with waterfall ends and feature lighting, along with high quality tapware, joinery and integrated fridge and dishwasher."

Construction is currently progressing on the site, having begun in July. Completion is expected in late-2015.