AALTO secures quickfire $30 million in sales including $15 million penthouse sale
After just a month since its launch, AALTO, the new Surfers Paradise beachfront apartment development on the dress circle Garfield Terrace, has secured over $30 million worth of sales.
The most impressive was the $15 million penthouse, which was snapped up by a local buyer who had been looking for a high-end beachfront apartment for a number of months.
The massive 1,830 sqm spread atop the 38-level Conrad Gargett-designed tower, will be one of the biggest penthouses in Queensland. It will feature five bedrooms, its own cinema room, a gym, an indoor and outdoor kitchen, and a 15 metre swimming pool.
The buyer, who works in the property industry, was put onto the project due to the rarity of what developer Weiya Holdings is offering with AALTO, sales and marketing director Patrick Pancur says.
"They were impressed by the sheer size of the penthouse compared to others on the market, and the beach frontage that only AALTO offers," Pancur says, referring to the massive 24 metre beach frontage over two levels, AALTO will give its residents, considerably wider than any other beachfront project.
Pancur says the lack of high-end stock in the area will continue to drive sales.
"At the start of the pandemic the high-end stock was all snapped up, particularly by southern buyers, leaving little to no luxury product on the market. Now, those projects are under construction and are all pretty much sold out, there's not much left for the still high levels of demand for this calibre of apartment."
Among the $30 million worth of sales was an amalgamation of two apartments on level eight, which created a 420 sqm apartment. That was again secured by a local buyer. Pancur says locals have made up the vast majority of buyer interest so far. However, he expects the interest to come from the southern states over the Christmas period where traditionally those from Sydney and Melbourne head up for holidays.
There's a diverse mix of apartment configurations at AALTO, starting from the two-bedroom plus multipurpose room, which start at $2.32 million. The three-beds start at $3.2 million and the four-bed apartments from $4 million. They span a huge 270 sqm plus. Some of the premium four-bedroom apartments span a whole floor and will have nearly 360 sqm of living space. They start from $4.7 million.
Much like the apartments, the residential amenity has also been designed to take in the sweeping beach views, with an ocean view gym with sauna and rain showers, an ocean view yoga area, and an infinity pool almost hovering over the sand, one of two pools in the tower.
The Club AALTO lounge will have an owners bar and private function facilities, as well as a business centre with conference room and meeting rooms, a must have for the fly-in, fly-out business elite. Of course there's a concierge who can handle anything from booking space in Club AALTO, airport transfers, catering services and hair and make-up stylists, to laundry services and housekeeping.