A major residential development at Pt Frederick has been fast-tracked due to increased market demand following the recent Federal Election.
Property developer, Central Real, will push the four storey luxury development, Peninsula, ahead of schedule to accommodate increasing interest in the market.
The development will comprise three boutique buildings across a large corner block on Albany St, providing 360-degree views across the Brisbane Water and east to Caroline Bay.
“Central Coast property has remained steady even with Sydney’s downturn last year, so we already have a large waiting list of enquiries, but we have brought this project forward following the election to meet the demand we are now experiencing,” Central Real CEO, Richard Ellis, said.
“We have already started construction on the site even without opening sales.
“The location and views are sensational, we plan to deliver a project that continues to meet the needs for luxury living on the Central Coast.”
Ellis said there was a growing trend of people buying off the plan and wanting to customise their homes.
“We have deliberately opened up a large range of options for people to bespoke their apartments so it works for them, from smart home automation to sustainable inclusions like electric car charging points,” he said.
Jaimie Woodcock, from McGrath Central Coast, said there had already been an exceptionally strong response to Peninsula from the existing client base.
“Buyers can take real confidence in a Central Real project,” Woodcock said.
“They’re a local organisation building a brand that’s being recognised across the country as amongst the best in the industry and you only have to look at the quality being produced in their projects to understand why.
“Peninsula provides a really unique opportunity for buyers of all price ranges to call the prestigious suburb of Point Frederick home.”
This will be the seventh project to launch from property developer Central Real, owned by local millionaire developer, Tony Denny, who has said the project is responding to a high customer demand for luxury apartment living, that didn’t compromise on space or quality.
“I’m very passionate about delivering quality to the Coast,” Denny said.
“Peninsula will certainly lift the bar on anything we’ve seen on the Coast.
“A recent survey by REA put us in the Top 20 recognised developers, alongside some of the biggest names in Sydney.
“It’s a real credit to the Central Real team.
“I’m certainly happy that we’re making our mark.
“We’re here for the long term and alongside the revitalisation plans for Gosford there’s lots of exciting things to come.”
Construction is expected to be completed on the Pt Frederick development by the end of 2020.
Media release, Jun 3