Final opportunity to buy in The Grand Residences, Eastlakes

Final opportunity to buy in The Grand Residences, Eastlakes
Joel Robinson April 17, 2024NEW RELEASE

Eastern Suburbs property seekers have been given one of the best opportunities to buy into the priciest region in Australia at prices not seen in years, with the release of the final apartments in Crown Group's award-winning development, The Grand Residences, Eastlakes.

Due to a shareholder dispute, Crown Group was placed into provisional liquidation in August 2023. The apartments are now being released to the market in an ordinary wind-down of the Group.  

The first stage of the project was developed over a five-year period. Beneath the apartments there is a vibrant retail precinct with 15 retailers. Anchored by a large-format Aldi Supermarket, there is also a Woolworths Metro, Australia Post and a variety of speciality stores and services.

Completed to much fanfare at the beginning of 2022, the first stage won the Urban Taskforce Australia Development Excellence Awards in the Mixed-Use Development category, one of the most prestigious awards a development can get in Australia.

Chair of the Urban Taskforce Judging Panel, Chris Johnson, said The Grand Residences by Crown Group represented an exemplary project in mixed-use developments and urban renewal.

“It will significantly revitalise this previously overlooked area of Sydney and create immeasurable benefits for the local community, allowing it to better meet the needs of the future forecast population growth,” Johnson said.

Everything Crown Group has done well over the past decade is on show at The Grand Residences. Their commitment to producing larger apartments than the norm is apparent immediately, even with the one-bedroom units which span nearly 60 sqm and have a balcony off the open-plan kitchen, living and dining area. Every apartment within the complex has at least one car space.

Crown Group’s signature high-end amenity is also a key feature at The Grand Residences. On offer for residents is a 25-metre heated pool, gym, landscaped gardens, BBQ facilities, and rooftop deck with panoramic views.

The Grand Residences offers a gateway into the Eastern Suburbs in terms of both affordability and location. The Evans Avenue address puts residents beside the growing inner-east suburbs of Alexandria and Rosebery. Rosebery has become a hotbed for creative business and coffee culture due to the popular retail and hospitality hub, the Cannery. As well as the thriving cafe scene, residents are also just a 10-minute drive to some of Sydney’s best beaches, the closest being Coogee.

The provisional liquidators have appointed McGrath Projects and Crown Property Agency to assist with the sell-down of the development. 

McGrath Projects and Crown Property Agency have already held a highly successful weekend launch of the apartments, which was attended by a mix of first home buyers, “rightsizers”, investors and owner-occupiers who see the value this Eastern Suburbs address provides.

McGrath Projects Director, Adam Sparkes, says the building offers incredible value for every cohort of buyers looking at the Eastern Suburbs.

“The building is achieving strong rental yields for the area, and since completion two years ago properties have been tightly held. The opportunity to buy at this price point and in this location isn’t likely to come around again.”

New Apartments for sale in The Grand Residences, Eastlakes

Access the latest brochure, pricing and floorplan details for The Grand Residences, Eastlakes.
+6
Apt A508 | 83sqm apartment with large separate study & tranquil garden outlook
1 bedroom apartments $800,000
Bedrooms:
1
Study:
1
Bathrooms:
1
Carparks:
1
Total area:
64m²
Internal area:
58m²
+8
Apt B506 | Spacious 1 bedder with separate study and easterly aspect
1 bedroom apartments $835,000
Bedrooms:
1
Study:
1
Bathrooms:
1
Carparks:
1
Total area:
74m²
Internal area:
67m²
+8
Apt B110 | East-facing one bedder with separate study and sunny outlook
1 bedroom apartments $825,000
Bedrooms:
1
Study:
1
Bathrooms:
1
Carparks:
1
Total area:
75m²
Internal area:
68m²
+9
Apt B105 | Beautiful 2 bedder overlooking communal pool and tranquil gardens
2 bedroom apartments $925,000
Bedrooms:
2
Bathrooms:
2
Carparks:
1
Total area:
83m²
Internal area:
75m²
+9
Apt B212 | The last remaining 3 bed with separate study + double parking
3 bedroom apartments $1,375,000
Bedrooms:
3
Study:
1
Bathrooms:
2
Carparks:
2
Total area:
121m²
Internal area:
104m²
+8
Apt B701 | Penthouse with 2 beds, large separate study, wraparound balcony
2 bedroom apartments $1,625,000
Bedrooms:
2
Study:
1
Bathrooms:
2
Carparks:
2
Total area:
155m²
Internal area:
108m²
+7
B706 | Two-bedder with full-width balcony, lovely outlook & additional guest powder room | Complete & ready to move in
2 bedroom apartments $920,000
Bedrooms:
2
Bathrooms:
1.5
Carparks:
1
Total area:
82m²
Internal area:
70m²
A209 | One-bed with lovely outlook over the communal facilities, spacious bedroom and ample storage | Complete & ready to move in
1 bedroom apartments $735,000
Bedrooms:
1
Bathrooms:
1
Carparks:
1

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

Editor's Picks

West End set for climate-responsive apartments
Chevron One partners for 'It’s ON ChevrON' street party
Aurora on Depper townhouses to target St Lucia's "missing middle"
H1Land offers $20k upgrades at Southpoint, Highett apartments
Five per cent deposit offer at Moonee Ponds apartment development, Penny Lane