Local West End developer sells $17.5 million in off-the-plan apartments on launch weekend3 - 05 - 16
West End’s newest apartment development Bohemia by Turrisi Properties has sold $17.5 million in off-the-plan apartments in its first weekend of sales, totaling 40 per cent of the development sold.
The $51 million development is the latest from the West End-based Turrisi Properties, known for their strong track record for attracting local purchasers.
“Our long standing connection to the area allows us to understand the suburb’s fabric and culture,” says Turrisi Properties managing director Gaetano Turrisi.
“We know what West End needs and producing apartments where people want to live has been the key to our success.”
By the end of 2017, Turrisi Properties will have delivered a total 248 high-quality apartments to West End at a total development value of $142 million.
“Purchasers have been owner-occupiers, including some first home buyers,” Turrisi says.
ROTHELOWMAN – one of Australia’s most widely recognised architecture practices – have been engaged to design Bohemia.
Bohemia’s design features a singular tower with a dual façade, reflecting two elements of West End. One side depicts the warehouses of the suburb’s past and the other displaying contrasting white panels – a reference to the timber and tin cottages that define Brisbane.
“In light of the city’s increasingly competitive apartment market, we have made it a priority to work with architects to deliver well-designed, highly liveable apartments,” Turrisi says.
Bohemia’s sales agent Richard Lawrence of Position Property says the development has suprassed locals’ expectations.
“We received great feedback from people in the area. It has attracted buyers who are looking for something unique,” Lawrence says.
“Features like the rooftop pool and views of Mount Coot-tha have been major drawcards for buyers who are looking for not only a great home, but also a lifestyle choice.”
Bohemia includes across a mix of one, two and three bedroom apartments across 94 apartments, starting at $390,000. Construction is expected to be complete late 2017.
A display gallery is open at 81 Jane Street, West End, next to the Bohemia site.
“After a great first weekend we are looking forward to strong sales moving forward,” Lawrence says.
Bohemia follows the success of Turrisi Properties’ neighbouring West End apartment projects – The Glass Factory and INK.
Currently under construction, INK’s affordable, large formant apartments located close to the CBD have attracted downsizers and young families.
The Glass Factory is complete with a 50 per cent owner-occupier and investor split.