Grand Vermont, Sutherland Shire's latest apartment development, sells out
The Sutherland Shire's newest striking apartment development, Grand Vermont, has officially sold out.
The development of 100 apartments at 48 Vermont Street was designed by Benson McCormack Architects (BMA) with a sleek, curved facade, bending around all four of the buildings to create a wave-like feature.
Grand Vermont was developed in a joint venture between property developers Hone Constructions and Holis, who have over 15 years experience in the property industry.
First home buyers were keen on the development, particularly at the start of the year with the raft of government incentives. One-bedroom apartments were priced from $550,000, two-beds from $730,000 and three-bedroom apartments from $1.2 million.
Each apartment was kitted out with built-in Fisher & Paykel appliances, Tongue n Groove engineered European oak flooring and Caesar Stone kitchen benchtops.
HAUS Agency director Alex Vrisakis said they saw strong sales as the building nearing completion.
"Many buyers were able to try before they buy,” Vrisakis said.
“They were able to physically stand in the kitchen or bathroom of the apartment they had their eye on, see the aspect and view, and measure for furniture, which really boosted the final few sales."
Vrisakis said owner occupiers made up 85% of buyers, he added was very telling in this market.
“We saw enquiry from all over Sydney, but ultimately Sutherland Shire based buyers snapped up most of the units, taking advantage of up to $30,000 in Government first home buyer support. We’re seeing the appetite for quality apartments has not wained, and achieved great prices.”
More than 40 per cent of apartment sold within the first three months of its launch in December 2020.
Sean Dowling, another director at HAUS Agency Director, said it was not a surprise to see the majority of buyers have come from within the Sutherland Shire.
"When physical inspections were not able to happen, we created virtual tours, so buyers would meander through the apartments, common areas and street front from their own home.”