Other Description
This complex is set to become the newest cosmopolitan address at Palm Beach with 194 apartments in two distinct towers to be built over a new 5000 square metre retail and recreational complex.
Already committed to the new retail centre is a full service Coles Supermarket, Liquor land, Pharmacy, Newsagent, Bakery, Hairdresser, Dry Cleaner and Cafe. An announcement on a new Medical Centre is expected soon. All this just 50 meters from the beach!
These apartments are adjacent to the Gold Coast Highway between 4th and 5th Avenues, Palm Beach. It is approximately 7 kms from Coolangatta Airport and 17 kms from Surfers Paradise and less than two minutes from the Motorway.
Settlement of stage one is expected mid 2008 and Stage 2 will then commence with completion mid to late 2009. Stage one comprises of 104 residential apartments which includes 21 one bedroom, 73 two bedrooms and 10 three bedrooms including 4 penthouses.
You can live in or invest in this fabulous property. As an investor there is a 6% rental guarantee for the first 2 years if you would like to go into the holiday letting pool. The furniture package is approx $15K.
Palm Beach on the Gold Coast is about to get its first major mixed-use development. Pavilions on 5th has the potential to revitalise the area's commercial centre as well as act as a catalyst for subsequent development and price growth. (Michael Matusik Property Insights March 07)
Facilities:
On site management
17.5 Swimming Pool and Spa
Residents Meeting Room
Sun Deck and Sun Court
Summer House
BBQ Areas
Roof Top Recreation Deck
Electronic security system with car park and ground floor surveillance camera
Prices range from $330,000 - $1,300,000.
For further information on this great opportunity for awesome Beach side capital growth.
View Projected Capital Growth Graph
