This article is from the Australian Property Journal archive
SHERPA Property Group has posted a second Gold Coast sell-out in a matter of weeks, nabbing $36 million of apartment sales at its latest Palm Beach project prior to the official launch.
The nine full-floor residences at Perspective Two Sea were snapped up with price tags ranging from $3.5 million to $4.75 million.
Led by Christie Leet, Sherpa Property Group fast tracked Perspective Two Sea to the market after its sister project, the $35 million Perspective 488 sold out in within three months.
“We are blown away by the response to our second Palm Beach development and are incredibly grateful to have found residents for each of our Perspective Two Sea apartments,” Leet said.
Perspective Two Sea seized the attention of prospective buyers from Sydney, New Zealand and Melbourne, alongside Gold Coast and Brisbane locals.
The developments will offer residents a combined 50 metres of beach frontage with coastal vistas from Coolangatta to Surfers Paradise that cannot be built out.
“It’s a real hidden beachfront gem with the best of both worlds – all the charm of the Gold Coast of yesteryear as well as the urban chic and sophistication of the thriving modern city it has become,” Leet said.
“Blending seamlessly with the eclectic seaside vibe and laidback lifestyle that Palm Beach is renowned for, we’ve taken an innovative but considered approach to both developments, combining bespoke design with the unparalleled beachfront location.”
Sherpa Property Group wasted no time in lodging the development application for Two Sea Perspective, looking to take advantage of the wave of demand for high-end beachfront residences still rolling across the Gold Coast.
“It was our quickest lodgement to date,” Leet said.
“We lodged the DA just five weeks after acquiring the site at 2C Twenty Seventh Avenue, Palm Beach.”
Located next door at 488 The Esplanade, its sold out sister project Perspective 488 will comprise seven full-floor apartments, a beach villa and three freehold beach homes.
All buyers, except one interstate party, were local residents from Palm Beach and Burleigh looking to upgrade their lifestyles.
The site was originally approved for 37 apartments but features only 11 residences. Similarly, Perspective Two Sea was also originally approved for 18 apartments but will include nine.
Elsewhere in Palm Beach, Hirsch & Faigen has launched its debut Gold Coast development, å 14-storey tower with 78 residences on Jefferson Lane, while on the same street Lacey Group has quickly sold apartments at its $32 million The Monroe. That will be its second project on Jefferson Lane, after the sold out $32 million The Jefferson, which launched in 2017.
Demand for foreshore living on Palm Beach was demonstrated with the sell-out performance of Cru Collective’s $40 million Siarn Palm Beach North nine months ahead of its completion.
