The ultimate downsizer opportunity in the Eastern Suburbs
Mixed-use developments are becoming an increasingly popular choice for downsizers. They offer the ultimate in convenience, with retail and lifestyle amenities like cafes and shops right on the doorstep.
Newer mixed-use developments are also incorporating extensive facilities like gyms and pools, making them even more attractive to downsizers who are looking for absolute convenience. In contrast, apartment blocks built before 2000— which make up the majority of apartments in Sydney’s Eastern Suburbs— lack both building amenities and nearby retail options.
When Crown Group set out to design The Grand Residences Eastlakes, in the heart of Eastlakes, they knew they could create an offering tailored to downsizers. Part of the existing Eastlakes Shopping Centre was reinvented, while significant building facilities were added to offer a true lifestyle experience for those transitioning from larger family homes.
The Grand Residences sits above The Grand Shopping Centre, which features Aldi, Woolworths Metro, Australia Post, plus a mix of specialty stores, providing immediate access to retail and dining options.
Within the building, private resident amenities include a 25-metre lap pool, gym, and manicured landscaped gardens. The rooftop terrace boasts panoramic views of Sydney, as well as barbecues, tables and chairs, a 65-inch TV and an outdoor lounge area, perfect for entertaining family and guests, including watching the new years eve fireworks.
Completed in 2022, The Grand Residences has become a desirable location for downsizers and empty-nesters. There was a conscious effort to create functional apartments, so downsizers don’t have to compromise on quality.
The two-bedroom and three-bedroom apartments have proven popular with downsizers who are looking for security and a lock-up-and-leave lifestyle, wanting to travel during their retirement.
McGrath Projects Director Adam Sparkes says the opportunity to buy an apartment of this calibre in Eastlakes, and at an affordable price point, isn’t likely to come around again.
"Any future apartment development in Eastlakes will have to command higher prices due to the drastic increase in construction costs in recent years," Sparkes says.
"The Grand Residences really does represent great buying in the Eastern Suburbs."
