THE FIRST DISPLAY APARTMENTS AT MAGNOLI APARTMENTS ARE NOW OPEN FOR VIEWINGS AS CONSTRUCTION GATHERS PACE AT PALM BEACH’S NEWEST LANDMARK.
Magnoli Apartments’ new displays showcase the craftsmanship and quality of the luxury coastal residences, perfected by exquisite architecture, private resort- style amenities and on-site dining and parkland.
Sunland Group Managing Director Sahba Abedian says Magnoli Apartments have been designed specifically for the local owner-occupier market, with every aspect focused on enduring lifestyle amenity.
“The orientation of the two boutique towers embrace their close proximity to the beach and adjoining parkland, where on-site alfresco dining spaces add to the vibrancy and convenience,” Sahba says.
“Large, pet-friendly apartments feature premium upgrades as standard, including spacious kitchens complete with reconstituted stone benchtops, ample storage, and high-quality appliances.
“Generous entertaining areas are oriented towards the ocean or parkland, where cascading gardens spill from one balcony to the next.”
Private resident facilities include a resort-style pool, sun deck, lounge and landscaped entertaining areas. The first boutique tower is scheduled for completion in mid-2020. Prices start from $455,000 for a one-bedroom apartment. Two-bedroom apartments are priced from $560,000, while the larger three-bedroom collection starts from $795,000.
The new display apartments are open Thursday, Saturday and Sunday from 10am to 2pm, or by appointment.
Access and visitor parking are via the Display Suite, on the corner of Brooke and Nineteenth Avenues.
A recent Palm Beach Market Outlook report has revealed that, in addition to its picturesque beaches and emerging café and restaurant culture, Palm Beach is surrounded by an incredible $2.7 billion in new infrastructure projects, alongside forecast employment growth of 31 per cent over the next 25 years.
Major projects in the Palm Beach catchment include the $660 million third stage of the Gold Coast Light Rail network, the $370 million expansion of Gold Coast Airport and the $60 million expansion of Pavilions Palm Beach to deliver a full-line Coles Supermarket and speciality retail.
This investment is bolstered by a high- performing local apartment market, which has recorded median price growth of 6.4 per cent per annum over the past five years, and an 11.3 per cent increase in transactions per annum over the
same period. The report also revealed a forecast population growth for Palmy of 36 per cent over the next 25 years.
And don’t forget, Palm Beach is book- ended by two calm swimming inlets – Tallebudgera Creek (the winner of Wotif’s ‘Best Swimming Spot in Australia’ award) and Currumbin Creek. With pristine sun- kissed coastline, you’ll be hard-pressed running out of places to soak up the Gold Coast lifestyle in Palmy.