Real Estate

Construction on luxury Gold Coast apartment building to kick off in March

Written by The ReReport
As seen in the Source link, written by on 2019-01-30 16:26:16

Edge Monaco Street will have 37 apartments.

A WATERFRONT site in a prestigious enclave of Surfers Paradise has been cleared to make way for a $34 million residential development.

Construction on Edge Monaco Street is due to kick off in March.

The 11-storey development, by Tission Group, will be built at 42 Monaco St and include 37 two, three and four-bedroom apartments.

Edge Monaco Street.

Edge Monaco Street.

Queensland Sotheby’s International projects and developments managing director Patrick Pancur said its location on the waterfront with parklands adjacent the site made it appealing to prospective buyers.

“It sits next to 20 acres of parkland (so) you’re never going to be built out,” he said.

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He said they had sold two apartments and were getting more enquiries every day.

“We’re probably getting close to five to 10 enquiries a day,” he said.

Apartments start at $628,000 while the two penthouses are priced from $2.035 million.

Edge Monaco Street.

Edge Monaco Street.

Mr Pancur described them as “large, luxury apartments” with sleek finishes.

A rooftop swimming pool and barbecue area as well as a gym are also part of the development.

Mr Pancur said it was expected to be finished next year.

“Construction starts mid March and the completion date is April 2020,” he said.

A display suite at 17/19 Victoria Ave, Niecon Plaza, Broadbeach is open from 10am to 4pm daily.