Henzell Property Group see 80% stage one sellout of Corsica Residences in masterplanned Sunshine Coast community The Cove
The local developer Henzell Property Group has sold more than 80 per cent of the first stage of Corsica Residences, part of their $200 million master-planned community on the Sunshine Coast.
The waterfront apartment and townhouse in Pelican Waters at Caloundra has seen 38 townhouses and apartments sales across the first stage, with strong demand locally as well as huge interest from interstate buyers looking to Queensland.
It was local owner-occupiers who drove the majority of sales.
Apartments range in size from 143 sqm to 261 sqm and are priced from $625,000, with terrace homes up to 267s qm priced from $800,000.
Construction on the first homes is expected to commence in May this year with buyers snapping up the first stage off the back of the penthouse terrace collection sell-out late last year.
All five of the luxury penthouse terrace collection within the first stage sold within a week since its launch to market. One of the three bedroom apartments in the penthouse collection sold to a melbourne buyer purchasing sight unseen for $1.5 million.
Mclean Henzell, managing director of Henzell Property Group, said the sales achieved are reflective of the high demand for luxury new residences in Pelican Waters tailored toward downsizers.
“We have been overwhelmed with inquiry since the launch and to have sold more than 80% of apartments and terrace homes in the first stage, including the sell-out of our penthouse terrace collection, puts us way ahead of where we anticipated,” Mr Henzell said.
“The sales reflect the extremely strong underlying demand for downsizer product among a local market of buyers who have been a part of the Pelican Waters community for many years but wish to downsize.
The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for over 30 years. It is set to be completed in 2025.
The Cove will be developed over four stages and includes 220 apartments and terrace homes, a grocer and waterfront restaurant. O.G.E Group Architects has designed the full masterplan.
Marcus Muir, sales and marketing director at Henzell Property Group, said that while the community was designed to appeal to local owner-occupiers and downsizers, exceptional interest has come from interstate buyers seeking to relocate to the Sunshine Coast.
“The Cove has been meticulously designed over a number of years to bring something to market that buyers were calling out for,” Mr Muir said.
“The Covid pandemic is definitely elevating peoples’ plans to move from southern states to Queensland and we’re seeing an increase in enquiries week on week.”