Penthouses snapped up at Toowong's Monarch Residences
Just three penthouses remain for sale at Consolidated Properties' Monarch Residences in Toowong after a strong run of sales.
Eight of the 11 penthouse apartments have been snapped up in recent months, totalling nearly $50 million in sales alone.
The Monarch Residences Penthouse Collection feature elevated 3.2m ceilings, expansive views of the Brisbane River and city skyline, and an abundance of natural light. Each penthouse features unique floorplans with premium finishes like Herringbone oak floors, bespoke joinery, Dolce Vita quartzite benchtops and European-designed appliances.
Befitting its riverfront location, one of the final penthouses for sale is the last remaining 295 sqm River Home. The River Home boasts penthouse finishes and is positioned on the ground floor offering a leafy outlook at the river’s edge.
The additional two penthouses are the last remaining top-floor residences available. Both penthouses feature three bedrooms, a multi-purpose room, and three car spaces.
Colliers Director of Residential for Queensland, Andrew Scriven says the demand for Monarch’s top floors and unique River Homes has been incredibly strong, and the remaining penthouses will sell quickly.
"Since coming onto the market, the demand for these once-in-a-lifetime ultra-premium penthouse homes has been incredible," Scriven said.
"We’re continuing to see enquiry from local buyers as well as from out-of-state buyers. The level of interest in these homes speaks to the calibre and design of the Penthouse Collection."
The average purchase price of the penthouses has been $5.85 million. The purchasers include a mix of Brisbane-based downsizers and families.
Consolidated Properties Group CEO and chairman Don O’Rorke says the development team’s vision was to deliver a super-premium residential project worthy of its unique north-facing location on the Brisbane River.
“The Monarch Residences penthouses offer unparalleled views, elegant design, and the kind of luxury living rarely seen in Brisbane,” O’Rorke said.
“Every apartment in the buildings is beautiful and in a class of its own – but with the penthouses, we’ve created a very small, exclusive set of residences that elevate themselves into a new class.”
Monarch Residences comprises a total of 224 apartments across two 15-level towers. It sits on a prime 1.2-hectare site with 130m-plus of north-facing direct river frontage with views from St Lucia to Mt Coot-Tha.
Residents at Monarch Residences will have direct access to the historic heritage-listed Middenbury House, which sits on the site and is currently being restored and refurbished.
Monarch Residences is currently under construction with Hutchinson Builders. Anticipated move-in for owners is by the end of 2025.
There are less than 10 residences and penthouses for sale, with a starting price for three-to-four bedroom riverfront residences from $4.4 million.
