Chinese Epping developer collapse sees 61 Gondon Elysee apartments for sale
The developer has been unable to sell the combined 61 units at 1 to 5A Cliff Road, and at 6-10 Carlingford Road.
The master sales agency was J&L Global with sales achieved between $500,000 and $1,538,000, with all but six sales to buyers of Chinese descent.
The project boasts a mix of one, two and three bedroom apartments.
Gondon Élysée Epping consists of two buildings. 151 car secure parking.
There are 57 1 bedroom 1 bathroom units , some 61 of the 2 bedroom 2 bathroom units , and 12 of the 3 bedroom 2 bathroom units.
Completed in late 2017, 1 Cliff Road has 130 apartments.
The expressions of interest close February 25.
Developer Gondon paid $26 million to aggregate the homes at the corner of Carlingford and Cliff roads. The corner block at 6 Carlingford Rd cost the highest acquisition price of $4.41 million, according to CoreLogic.
The block is within the Epping Priority Precinct, which the state government declared for concentrated housing development.
Gondon’s earlier project was at North Ryde – the 179 apartments on the block bounded by Lane Cove and Eppings Rds and Allengrove Crescent, North Ryde, known as Gondon Macquarie which was built by Arise Construction to a SJB design.
Philip Campbell-Wilson and Said Jahani were appointed liquidators in November 2018.
The appointment was referred to by Australian Select Mortgage Pty Limited which is also a shareholder of Gondon in May last year.
Pacific Alliance Group holds a registered security interest.