The luxury apartment developments continue to roll out around Gosford City with the HarbourView being the latest to receive a construction certificate.
The $13.7 million HarbourView Luxury Apartments in Wilhelmina St, west Gosford, are one of a growing number of new residential developments located to the west of the rail line.
Mr Kyle Brand, of George Brand Real Estate, said buyers had already been attracted to the development because of its location and due to the “character” of the building.
The area between the rail line and Racecourse Rd has been relatively depressed for a long time, but it is undergoing a transformation into a new residential precinct.
“I think the position is all over anything in the Gosford CBD,” Mr Brand said.
“You are looking straight over the rooves of town houses to Lion Island and Palm Beach, with a bush reserve behind you and the northern sun in the winter,” he said.
Mr Brand said the redevelopment and expansion of Gosford Hospital, within walking distance, was definitely a drawcard for potential buyers.
“We have people who will be working at the hospital in a year who have already purchased apartments in the building,” Mr Brand said.
He said that although the amount of residential development coming online in Gosford appears to be substantial, “it seems to be selling”.
Key markets taking an interest in the renewal of Gosford as a residential location include self-managed superannuation investors, owner-occupiers and other investors.
Gosford’s waterfront appeal is likely to keep attracting buyers to the area, he said.
Off-the-plan sales are already going well, Mr Brand said, with prices ranging from $320,000 for a studio apartment, up to $1.35 million for a three-bedroom penthouse with water views.
According to the marketing brochures for HarbourView, it will set a new standard of style and design and be an iconic building on the Gosford skyline.
“This high-quality development offers generous open-plan living areas with luxurious terraces for magical year-round entertaining,” the sales brochure said.
The complex includes 67 apartments, many with views of Brisbane Water, secure basement parking and storage, all within walking distance to the city centre, train station, stadium and waterfront.
Mr Brand said the old free-standing houses on the site had already been demolished, the site, from 2 to 6 Wilhelmina St cleared, and excavation was expected to commence.
The development has a completion date of mid-to-late 2019, depending on the weather.
Another nearby block of units in Batley St is now complete and fully occupied.
Another, on the corner of Batley and Donnison St West is also under construction and has been 100 per cent sold off the plan.
Source:
Interview, Aug 9
Kyle Brand, George Brand
Website, Aug 9
DA48120/2015, Central Coast Council Gosford DA Tracker
Sales brochure, HarbourView
Jackie Pearson, journalist