Downsizers spending up to seize their position in paradise

first_imgBarca BulimbaCONSTRUCTION has commenced at Barca Bulimba, with more than half of the luxury ‘house-like’ apartments sold for an average sale price close to $2.5 million.Construction has started at Barca BulimbaJust 22 riverfront apartments will be built, with 12 sold to date. Seven street-facing freehold terrace homes will also be constructed.Place Bulimba sales agent Jason Chaffey said the northeast-facing development was proving popular with downsizers, who were drawn to the size of the apartments and the privacy on offer.He said the developer, ADCO, had reconfigured the complex to better suit buyers, with three apartments per floor instead of four apartments.“People wanted more floor space so the development team responded,” he said.The development was designed by award-winning Brisbane architecture and design firm, Arkhefield.Focusing squarely on the owner-occupier market, the design incorporates individual lock-up garages with storage, and private lifts with direct access to each apartment.Three and four-bedroom apartments are still up for grabs, with floor space up to 354sq m.Barca BulimbaMore from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoThere is also a communal 25m lap pool positioned with a north-eastern aspect and a carbon composite feature on the facade that draws from the marine industries history of the site.Barca Bulimba“Barca Bulimba is part of the Byron St precinct, which will neighbour the much larger The Barracks redevelopment,” Mr Chaffey said.“The residents (of Barca) can enjoy the amenities of The Barracks redevelopment, which will include a massive retail space, but not live within that bigger project.”Barca BulimbaBulimba Barracks (25-39 Apollo Rd, Bulimba) is currently owned by the Department of Defence, which announced it would sell off 20 hectares of surplus land.“Defence anticipates commencing an open market sale process in the first half of 2018,” the defence department said in a recent market update.The Brisbane City Council’s The Barracks redevelopment masterplan shows the site will include a mix of houses and units, a retail and commercial space to be housed in the historic fabrication workshop building and riverfront parkland with pedestrian and cycle pathways.Mr Chaffey said the combination of space and privacy on offer at Barca Bulimba, and the exciting plans for The Barracks precinct, were major drawcards for buyers.Barca BulimbaConstruction started at in early January, with completion expected by June next year.last_img