- Over 100 apartments hit the Brisbane market at the start of April
- Is part of a $1.2 billon redevelopment of Eagle Farm
- The development itself is the third from Mirvac at the redevelopment
Mirvac (ASX: MGX) has formed its Eagle Farm trifecta with Charlton House, recently releasing over 100 apartments to market.
The $131 million dollar development is the third and latest development to be joining Brisbane Racing Club’s $1.2 billion masterplan redevelopment of Eagle Farm, which includes luxury apartments, commercial offices, a new shopping and dining precinct and a range of entertainment.
Charlton House
The development approval for the 13 level building was granted by Brisbane City Council in late December, with Mirvac officially releasing more than 100 apartments at the beginning of April.
Charlton House follows in the hoof-steps of Mirvac’s two other developments also at Eagle Farm, Ascot House and Tulloch House.
Featuring everything from one to four bedroom options, two bedroom and two bathroom apartments start from $755,000.
Four premium villas, integrated into the first levels of Charlton House, are also on offer – a first for the Ascot Green community. Featuring direct access and sweeping views of the greens and fronting the racecourse, they are expected to be in high demand.
Among some of the amenities, a “rooftop sanctuary” that includes a private dining room with sweeping views of Brisbane’s city skyline, intimate lounge areas, extensive sub-tropical landscaping, and a gym and resort-style pool on the ground level overlooking the racecourse.
Meeting overwhelming demand
Enquiries continued to thunder down the home stretch despite the second development – Tulloch House – already selling out:
“There were a number of people who missed out on securing their place in Tulloch House who have been eagerly awaiting this next release and we’ve continued to field new enquiries from those wanting to join the community,” said Mirvac General Manager, Residential Queensland, Warwick Bible.
“Demand for quality apartments in blue-chip Brisbane locations such as this have grown exponentially over the past six months and we anticipate apartments in Charlton House will sell quickly as a result.”
Provenance
Mr Bible said about 60 per cent of buyers in the first two stages – Ascot House and Tulloch House – had moved from the directly surrounding suburbs such as Ascot, Hamilton and Clayfield, with Charlton House expected to be no different.
