This article is from the Australian Property Journal archive
HENZELL Property Group’s $200 million luxury residence project The Cove has achieved a sell-out of its first release.
The Cove, located on the Sunshine Coast’s Pelican Waters, has sold all 15 terrace homes in its first release, known as the Terrace Collection. This Includes five penthouse terraces and 10 premium townhomes, for a combined total of $12 million.
“The Terrace Collection proved to be extremely popular with buyers, many of them attracted by the premium lifestyle we have designed for The Cove waterfront community,” said Marcus Muir, sales and marketing director at Henzell Property Group.
The sell-out of the Terrace Collection, represents 39 of the 51 properties currently sold in the first stage of the masterplanned The Cove community, Corsica Residences.
The Cove is set to become the Sunshine Coast’s largest private development, featuring 220 apartments and terrace homes on a 2.7-hectare waterfront site with north-facing views to the Pumicestone Passage and Caloundra, as well as views out to the Glasshouse Mountains, Bribie Island and Moreton Island.
Local owner occupiers made up a strong proponent of purchasers, with 80% of buyers already residing in Pelican Waters.
“We’re experiencing exceptional demand across the entire Corsica Residences release which has set a remarkable early pace for our staged program to deliver The Cove’s master plan over the next few years,” added Muir.
The masterplanned community has been under development by Henzell for more than 30 years, with The Cove representing the final instalment at Pelican Waters.
The Cove will feature resort style amenities such as an outdoor lagoon style pool, with a swim up bar, as well as offerings such as a grocer and a waterfront restaurant.
The Cove is located in the heart of Pelican Waters, with close access to the town cenre and marina.
Construction on the Terrace Collection is scheduled for May/June 2021.
