Portside Wharf residents turned savvy investors have snapped up more than one apartment in Hamilton’s sophisticated riverfront precinct.
With four complete residential buildings and two more under construction – Pinnacle and Link – Portside Wharf sold more than $83 million in apartments and penthouses in 2013 with more than $3 million sold to repeat purchasers.
One of Portside Wharf’s multi-property owners is Paul and Ellen Stephens who have purchased a second apartment after just three months of living at Brookfield Residential Properties’ mixed use, riverfront retail and residential development.
The Stephens purchased their home in the completed Promenade building in August last year (2013) after they decided to downsize from their family home at The Gap.
The couple have more recently purchased a two bedroom, river view apartment off-the-plan at the latest residential stage, Pinnacle at Portside Wharf.
“We fell in love with Portside Wharf immediately,” said Mrs Stephens.
“We came across Portside while we were looking at an apartment in a different development in Hamilton and stopped in for lunch. We loved the precinct, visited the sales office and within three months, had sold our family home and moved into our river facing, two bedroom, luxury apartment in Promenade.
“Another three months on, we’ve purchased in the new Pinnacle building which will sit right on the Brisbane River with river and city views that can never be built out. Once Pinnacle is complete in early 2015, we’ll move in and keep our Promenade apartment as an investment.
“We recognise that properties like this are limited and wanted to make the most of this opportunity while it lasted.”
Mrs Stephens said she and her husband looked into apartment living after the maintenance on their home became difficult.
“We were reluctant to lose our living spaces but our Portside Wharf apartment is open plan with plenty of storage and we basically have a playground on our doorstep filled with waterfront restaurants, boutique shopping and entertainment options,” she said.
“The level of amenity is second to none and now that we’ve become accustomed to the luxury lifestyle, we don’t know how we lived without everything at our fingertips.
“We also love the sense of community. We have made friends with many of the retailers and other residents so there is a real social side to living at Portside.
“While we absolutely love living in Promenade, we are excited about the move to Pinnacle which will give us access to even more luxuries like a rooftop pool, gym and entertainment area.”
Portside Wharf Project Director Lee Butterworth said with Promenade now 90 per cent sold, there had been interest in Pinnacle by repeat purchasers.
“Once people move to Portside Wharf and experience the luxury lifestyle first hand, they understand the value of living atop a boutique retail development such as this,” he said.
“They also understand that lifestyle opportunities like this are rare – they want to secure a spot for themselves, but many also look for a second property which they believe will give them a strong return on their investment.”
Portside Wharf is now home to more than 30 retailers including a Dendy Cinema, Jetts gym, IGA supermarket, day spa, barber and hairdresser as well as boutique shopping and some of Brisbane’s best waterfront dining.
For further information, visit the Portside Wharf Sales & Information Centre in the Portside Wharf Plaza, at 39 Hercules Street, open between 10am and 4pm daily, call 07 3630 1666 or visit www.portsidewharf.com.au.