Twin-tower apartment project in Brisbane's Upper Mt Gravatt launched

Twin-tower apartment project in Brisbane's Upper Mt Gravatt launched
Twin-tower apartment project in Brisbane's Upper Mt Gravatt launched

A mixed-use apartment project in the Brisbane suburb of Upper Mount Gravatt was launched to the market this month and is being exclusively marketed by Savills Residential Projects.

The $96 million development, Avion Residences (www.avionresidences.com.au), will have twin 15-level towers linked by a sky bridge.

The development’s 174 apartments come as either two- or three-bedroom units priced from $449,000. Apartments range in size from 81sqm to 160sqm.

There are two sub penthouses as well. Shared spaces include a swimming pool, outdoor cinema, private dining room, relaxation zones and a barbecue area.

The retail area will include a shared two-level commercial podium and shops. 

It is the first Brisbane venture for Raykong Property, which gained development approval for Avion Residences in July. 

Project manager Michael Sutherland of PDS Group said the public launch of Avion Residences was timed to meet the growing need for quality residential apartments in Upper Mount Gravatt.

“Avion Residences will play its part in the gentrification of Upper Mount Gravatt which, as a suburb, figures strongly in the Queensland Government’s CBD decentralisation strategy.”

The project is located on Cremin Street, close to Griffith University’s Mount Gravatt and Nathan campuses, the M1 and South East Busway.

“Avion Residences is tapping into the strong demand for apartments in the area,” he said.

Savills Residential Projects state director Peter Neale said the early buyer interest in Avion Residences had surpassed expectations.

“People are drawn to the project’s proximity to amenities, universities and public transport options,” he said, adding that expected buyers would be a mix of owner-occupiers and investors looking for strong growth and yields.

“Because of the location and style of the building, investors are seeing capital growth potential and strong rental yields from young executives living in the area,” he said.

“We anticipate however, that owner occupiers will account for 60 per cent of our apartment buyers because the sheer size of these residences means they don’t have to compromise on space when downsizing.”

Tags: 
Brisbane Residential Development

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