- Second stage of the No1. Grant Avenue Project
- Pace of sales for second stage is double that of first stage
Only five months after being officially launched, the second stage of Aniko Group’s $140 million No.1 Grant Avenue at Hope Island is almost sold out.
Previously on The Property Tribune we reported on the second stage of Grant No.1 being fast-tracked due to the success of the first stage.
The sales to-date for the second stage totals around $60 million.
Notably, the pace of sales ha s doubled that of the first stage, which took just under 12 months to sell out.
Research by planning and property firm Urbis reveals that over the December quarter, Aniko Group’s projects covered 15% of the overall apartment sales on the Gold Coast, along with more than 80% in Hope Island itself.
Aniko Group says the demand for apartments comes from a mix of downsizers, investors, owner-occupiers with growing popularity amongst buyers from lockdown-fatigued southern states who are attracted to the Gold Coast lifestyle.
“The strength of the buyer demand has been exceptional… and it’s getting stronger,”
“It’s almost unprecedented. I have not seen a project perform this well in the market for quite some time in South East Queensland.
“But the remarkable run of sales and sustained demand for the product in No.1 Grant Avenue is also testament to the quality residential offering we have brought to the market.”
George Mastrocostas, Aniko Group Director
In light of lifestyle changes due to the pandemic, stage two will feature a ‘post pandemic’ office precinct for use by residents.
Remaining apartments range from 122sqm to 155sqm in the $649,000 to $695,000 price range.