Mirvac fast-tracks Eagle Farm Racecourse community following sell-out of Tulloch House, Ascot apartments
The ASX-listed developer Mirvac has secured a sell-out of its Tulloch House apartment development, part of their wider $1.2 billion masterplan alongside Eagle Farm Racecourse in Brisbane's Ascot.
The 84 one, two and three-bedroom apartments and penthouses in Tulloch House sold for between $450,000 to over $2 million. There has been $18 million worth of sales in 2021.
Construction is well advanced, with the eight-level building recently topping out, with work being finalised on the interior joinery fit-out, balconies and the expansive roof terrace.
The apartments feature panoramic views north across the 50 hectare green space of the heritage racecourse and expansive views to the Brisbane city skyline to the south.
Residents are expected to move in at the end of 2021.
Ascot Green is part of Brisbane Racing Club’s $1.2 billion masterplan redevelopment of Eagle Farm, which will include apartments, commercial offices, dining, services and a range of entertainment options.
Mirvac has started taking registrations of interest ahead of the launch of the third building in Ascot Green, anticipated to launch either later this year or early next.
Mirvac Head of Residential Stuart Penklis said its reputation as a highly desirable place to live had driven demand for the final apartments in Tulloch House.
“While all Tulloch House apartments have now been secured, we have continued to field interest from those wanting a place in the community, prompting us to expedite the timeline for our next chapter of Ascot Green,” he said.
“We are in the design phase and working to bring this release to the market as soon as possible. While the finer details are being finalised, it will follow in the footsteps of our first two stages, Ascot House and Tulloch House, delivering high quality apartments to this one-of-a-kind location.”
Penklis said the rare opportunity to live close to the Brisbane CBD and next to 50 hectares of green open space appealed to buyers.
“This is a unique location that can’t be replicated elsewhere in the city,” he said.
“We’ve found the opportunity to live with so much green space at the doorstep has been a significant drawcard for buyers, including young professionals, families and downsizers.
“As the first residential project of its kind on a racecourse in Australia, we have the opportunity to set the bar for this style of development and have paid careful attention to embracing the historic elements of the site, with the masonry brickwork carrying through the design.
“The upcoming building will continue to reflect its surrounds, with a new take on façade, interiors and apartment layouts that will deliver a first for the precinct, benefiting the residents who call these truly remarkable apartments home.”