Aniko Group's No. 1 Grant Avenue tops Gold Coast sales

Aniko Group's No. 1 Grant Avenue tops Gold Coast sales
Aniko Group's No. 1 Grant Avenue tops Gold Coast sales

No. 1 Grant Avenue, which is owned by the Aniko Group, has taken the top spot in Gold Coast sales over the last quarter, according to the latest Urbis data.

The $140 million development was launched in mid-August.

It has reached 40 per cent sold in the September quarter with over $24 million in sales.

Aniko Group founder George Mastrocostas said the quality and affordability of No. 1 Grant Avenue together with its prime waterfront position had translated to swift sales.

"This has certainly resonated with the market,” said Mr Mastrocostas.

“No. 1 Grant Avenue is all about affordable luxury.”

The development follows the success of Three72 Marine Parade apartment project, also owned by Aniko, in Labrador which reached sell-out prior to construction completion and was the fastest selling project on the Gold Coast in 2018.

“We are thrilled to have followed the success of Three72 Marine with strong sales at our latest project and look forward to continuing to build on the success we’ve experienced so far,” Mr Mastrocostas said.

When complete, No. 1 Grant Avenue will comprise 210 apartments. Buyers will have access to a residents’ lounge, expansive pool with sundecks, a fully equipped gymnasium overlooking a children’s indoor play area, zen garden, private media room, barbecue facilities, a pet wash bay, secure basement parking and bridge free access to the Broadwater and the seaway.

The first stage is expected to be completed by mid-2020 and will comprise 105 apartments, ranging from one-bedroom, plus study to three-bedroom, plus study residences.  Apartments will range in size from 86 square metres to 199 square metres.

Prices start from $369,000.

Gold Coast Residential Development

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