New apartments changing face of prestige penthouse living
A new collection of spacious penthouses at Newstead’s Chester & Ella project feature either three or four bedrooms.
Having already sold 90 per cent of its 325 luxury apartments, Kokoda Property’s apartment project is changing the face of prestige penthouse living in the river city, attracting a diverse group of buyers from around the country.
With apartments including up to five car parks, Kokoda Property managing director Mark Chester said: “The sort of people buying penthouses are no longer just the Baby Boomers getting closer to retirement and downsizing, these buyers are people that are mindfully deciding that they want to be in Newstead.”
“You’re getting young relocators from Sydney and Melbourne that are coming to Brisbane for lifestyle choices,” he said.
“Brisbane offers more real estate for your dollar so there’s that attraction to move from interstate.
“This sort of home offering used to be purchased by people from Hamilton and Ascot relocating into Newstead, but because of its prime location, it’s bringing people from the outer Brisbane suburbs as well.”
Mr Chester said the offering of five car parks was highly unusual and “more of a house offering”.
“It’s a big attraction because people who have the money to buy penthouses normally have a collection of cars, or they have adult children living at home, and they have cars,” he said.
Construction of the two-building development is on track, with its impressive facade beginning to take shape, prompting a spike in buyer inquiries.
Hayball Architects, along with Ministry of Design are responsible for the development’s external and internal design, combining modern elegance with a whimsical touch.
Chester & Ella’s unique array of residents’ amenities are located across multiple levels, taking elevated living to the next level.
There will be an elegant event precinct with seating for 20 people, private chef and event planner services as well as a premium theatre room and billiards table with a feature fireplace and outdoor lounge.
The residents’ amenities include a health and wellness centre inclusive of a fully equipped gym with personal trainer and a dedicated yoga room.