Ascot

Mirvac will start construction on the latest stage of Australia’s first racecourse fronting community, Ascot Green, with the $135 million Charlton House the next instalment in the historic Eagle Farm redevelopment.&nbsp;

In a bid to address a significant shortage of new apartments in the city, work will begin on the 14-level apartment building, with Mirvac working with Eagle Farm Racecourse owner, Brisbane Racing Club (BRC), just three months after its launch to market, with more than $70 million of apartments already sold - predominately to local buyers.&nbsp;

[smartcode_project:default project_id=108351 project_image_fid=179497]

According to new research released in Place Advisory’s Spring 2022 Apartment report, it is estimated Brisbane currently has just two months of new apartment supply, with deferred projects exacerbating supply and demand pressures.&nbsp;

Reinforcing its confidence in Brisbane, Charlton House is the third apartment project that ASX-listed developer, Mirvac currently has under construction in the city, delivering housing diversity in some of the most sought-after inner ring precincts.&nbsp;

Mirvac General Manager Residential Queensland, Warwick Bible, said the start of construction was a major milestone for the community, following the fast-tracking of Charlton House to meet demand.&nbsp;

“Our buyers have shown strong confidence in Charlton House and, to start construction just three months after launch, shows we echo that confidence in this development and the broader Brisbane apartment market,” he said.

“This milestone gives our purchasers certainty with the knowledge their apartment is being delivered by Mirvac that designs, masterplans and manages its projects every step of the way and which has done so for over 50 years."

[smartcode_project:default project_id=108351 project_image_fid=194813]

“The start of construction also signals the next phase of urban renewal for the historic Eagle Farm, giving more people the opportunity to live in this fantastic location,” he added.

Charlton House marks the third stage of Mirvac’s Ascot Green community, part of Brisbane Racing Club’s $1.5 billion masterplanned redevelopment of Eagle Farm, which will see the precinct transformed with luxury apartments, offices, a new shopping and dining precinct and a range of entertainment options.&nbsp;

Mirvac has already completed and sold-out Tulloch House and Ascot House at Ascot Green, with both buildings situated directly on Eagle Farm Racecourse, in the blue-chip suburb of Ascot.&nbsp;

Charlton House will comprise 113 one, two, three and four-bedroom apartments, and a limited collection of three and four-bedroom villas, with apartments sold from $499,000 through to more than $3 million.

[smartcode_project:default project_id=108351 project_image_fid=194811]

&nbsp;“Given about a third of Ascot is racecourse, there is very limited supply in this highly sought-after precinct, with demand only set to grow leading up to the 2032 Olympics, with the precinct’s proximity to facilities like the Athlete’s Village in Hamilton and Brisbane Indoor Sports Stadium in Albion," continued Bible.

“Larger apartments designed for owner-occupiers are in extremely high demand in Brisbane’s inner- ring, and buyers have been quick to secure their place at Charlton House as a result, with our premium apartments among the first to sell.”&nbsp;

Brisbane Racing Club Chairman, Neville Bell OAM, said the start of construction is an important stage in the BRC Masterplan.&nbsp;

“The commencement of Charlton House is the third stage of our partnership with Mirvac, undoubtedly a significant milestone in working towards the completion of the Brisbane Racing Club’s $1.5 billion Masterplan,” he said.

 
“Our Masterplan has set the standard for the redevelopment of ancillary land owned by race clubs around the country, in doing so we are safeguarding our legacy and relevance as a club for years to come."

[smartcode_project:default project_id=108351 project_image_fid=194814]

“Eagle Farm Racecourse is the heart of the Ascot and we look forward to welcoming the residents of the 113 residences to our community,” Bell added.&nbsp;

Bible said Charlton House, like previous Ascot Green releases, was popular with downsizers, although its diverse apartment offering appeals to a range of buyers, including young professionals and families.&nbsp;

“The location of Charlton House sets it apart. It is extremely rare – unique, even - to live in an inner-city apartment surrounded by 50 hectares of green space, including the racecourse,” he said.

“The tranquillity the location offers, close to the CBD, restaurants, cafes, shops and the airport, is attracting purchasers across the board."&nbsp;

[smartcode_project:default project_id=108351 project_image_fid=179498]

Designed by Mirvac Design, Charlton House features a rooftop sanctuary with a private dining room taking in Brisbane city skyline views. It also features intimate lounge areas and extensive sub-tropical landscaping, with a gym and resort-style pool on the ground level overlooking the racecourse.&nbsp;

Charlton House joins the $197 million Quay luxury riverside apartments, along with Mirvac’s first QLD build-to-rent project, the $270 million dual-tower LIV Anura, which are both under construction in the $1 billion Brisbane River development, Waterfront Newstead.

Mirvac Construction, the Group’s dedicated construction arm, is building all three projects, with Charlton House to create more than 300 direct and indirect construction jobs over its 21-month build program, anticipated for completion in mid-2024.&nbsp;

[smartcode_project_cta:default project_id=108351]

Reinforcing its confidence in Brisbane, Charlton House is the third apartment project ASX-listed developer Mirvac currently has under construction in the city, delivering housing diversity in some of the most sought-after inner ring precincts. 

alisonwarters@gmail.com

Construction begins on latest Ascot apartment stage in Mirvac’s Eagle Farm redevelopment

Having sold out the first two residential stages of their Ascot Green development flanking the Eagle Park Racecourse in Brisbane, the ASX-listed developer Mirvac has lodged plans for its third stage.

The third, subtropical-inspired apartment block will rise 14 levels with 111 apartments and a rooftop with panoramic city and track views. That will also feature a private dining room and lounge areas.

It will home the community&#39;s first four-bedroom apartments, as well as four integrated terraces with direct access to green open space fronting the racecourse.

The ground level will feature a gym and resort-style pool overlooking the racecourse.

Mirvac Head of Residential Stuart Penklis said the developer was already taking registrations of interest, including from purchasers who missed out on securing their place in Tulloch House (pictured below.)

[smartcode_project:default project_id=27704 project_image_fid=152793]

It is anticipated the new release, the third at Ascot Green, would go to market in late 2021 or early 2022, pending approval from Brisbane City Council.

&nbsp;

&ldquo;The demand for apartments in Brisbane is extremely high, particularly at the top end,&rdquo;&nbsp;Penklis said.

&ldquo;We&rsquo;re seeing this being driven by a number of factors, including local owner-occupiers capitalising on the strong growth of their family home to secure a generous apartment, upgraders expanding their living space and location, and continued high interstate migration.&quot;

Nearly two-thirds of buyers in Ascot House and Tulloch House&nbsp;came from adjoining blue-chip suburbs like Ascot, Hamilton and Clayfield, a trend in which Penklis suggests will continue in the newest building.

&nbsp;

There&#39;s also the intergenerational buyer, where&nbsp;multiple purchasers from one family are seeking individual apartments in the community.

[smartcode_project:default project_id=27556 project_image_fid=71309]

Mirvac Design have described the new building design as an ode to its Ascot surrounds and a reimagination of the classic Queenslander.

Mirvac Design director Nicolas Thioulouse said the architecture of the planned building was guided by the &lsquo;Buildings that Breathe&rsquo; vision and design elements friendly to South East Queensland&#39;s climate.

&ldquo;We have focused on aligning the proposed building with Brisbane&rsquo;s beautiful sub-tropical climate and its truly unique location, surrounded by 50 hectares of green space,&rdquo; Thioulouse said.

&ldquo;In keeping with the peaceful and natural surrounds, residents will enjoy the authentically Queenslander experiences of shade and shelter, and screening and greenery, with the ability to open and close elements as they wish to maximise natural light and ventilation.

The sold-out Tulloch House features 84 one, two and three-bedroom apartments and luxury penthouses, which achieved from $450,000 to more than $2 million. The apartments are due to be completed in late 2021.

The first stage, Ascot House, sold-out all 90 apartments in 2020 and is completed.

It was announced earlier this week Tulloch House, featuring 84 apartments, had sold out, with completion expected by the end of the year.

The third, subtropical-inspired apartment block will rise 14 levels with 111 apartments and a rooftop with panoramic city and track views

Joel Robinson

Mirvac fast-track third apartment stage at Eagle Farm Racecourse development, Ascot Green

The ASX-listed developer Mirvac has secured a sell-out of its Tulloch House apartment development, part of their wider $1.2 billion&nbsp;masterplan alongside Eagle Farm Racecourse in Brisbane&#39;s Ascot.

The 84 one, two and three-bedroom apartments and penthouses in Tulloch House sold for between $450,000 to over $2 million. There has been $18 million worth of sales in 2021.

Construction&nbsp;is well advanced,&nbsp;with the eight-level building&nbsp;recently topping out,&nbsp;with work being finalised on the interior joinery fit-out, balconies and the expansive roof terrace.

The apartments feature panoramic views north across the 50 hectare green space of the heritage racecourse and expansive views to the Brisbane city skyline to the south.

[smartcode_project:default project_id=27704 project_image_fid=71319]

Residents are expected to move in at the end of 2021.

Ascot Green is part of Brisbane Racing Club&rsquo;s $1.2 billion masterplan redevelopment of Eagle Farm, which will include apartments, commercial offices, dining, services and a range of entertainment options.

Mirvac has started taking registrations of interest ahead of the launch of the third building in Ascot Green, anticipated to launch either later this year or early next.

Mirvac Head of Residential Stuart Penklis said its reputation as a highly desirable place to live had driven demand for the final apartments in Tulloch House.

[smartcode_project:default project_id=27704 project_image_fid=152793]

&ldquo;While all Tulloch House apartments have now been secured, we have continued to field interest from those wanting a place in the community, prompting us to expedite the timeline for our next chapter of Ascot Green,&rdquo; he said.

&ldquo;We are in the design phase and working to bring this release to the market as soon as possible. While the finer details are being finalised, it will follow in the footsteps of our first two stages, Ascot House and Tulloch House, delivering high quality apartments to this one-of-a-kind location.&rdquo;

Penklis said&nbsp;the rare opportunity to live close to the Brisbane CBD and next to 50 hectares of green open space appealed to buyers.

&ldquo;This is a unique location that can&rsquo;t be replicated elsewhere in the city,&rdquo; he said.

[smartcode_project:default project_id=27556 project_image_fid=71309]

&ldquo;We&rsquo;ve found the opportunity to live with so much green space at the doorstep has been a significant drawcard for buyers, including young professionals, families and downsizers.

&ldquo;As the first residential project of its kind on a racecourse in Australia, we have the opportunity to set the bar for this style of development and have paid careful attention to embracing the historic elements of the site, with the masonry brickwork carrying through the design.

&ldquo;The upcoming building will continue to reflect its surrounds, with a new take on fa&ccedil;ade, interiors and apartment layouts that will deliver a first for the precinct, benefiting the residents who call these truly remarkable apartments home.&rdquo;

Mirvac fast-tracks Eagle Farm Racecourse community following sell-out of Tulloch House, Ascot apartments

<html><body>
One of Brisbane's top luxury car dealers Greg Willims, who heads up Willims Motor Group, sold his redundant Ascot home for $2.1 million last week.
Having traded up to an opulent nine bedroom home nearby in 2015 when he spent $6 million with wife Susanne, Willims listed the home with mid $2 million hopes.
It was on and off the market through various agents before being sold by Milan Markanovic at Tom Offermann Real Estate. 
Completed in 2002, the five bedroom home on 518 square metres comes with a private master suite on the ground floor.
A swimming pool with water feature is accompanied by an outdoor entertaining area.
Willims, who deals cars from Bentley's to Lamborghini's, struck a deal to offload most of his empire to Sydney-based Autosports Group.
This article first appeared in The Weekend Australian.  
</body></html>

firstname1-iYD4UYzvBa

Luxury car dealer sells redundant Ascot home

<html><body>
Kulumadau, a grand Ascotian residence in the heart of blue-chip Ascot, Queensland has hit the the market for the first time in 60 years. 
The Queenslander at <a href="https://www.realestate.com.au/property-house-qld-ascot-133118434" target="_blank">30 Ormond Street</a> has had only 2 owners since it was built in the 1930s. 
The double story house sits on three separately titled lots totalling 1215sqm with swimming pool, established gardens and side access to the garage.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/ascot%202.jpg" alt="">
It comprises four bedrooms, formal and casual dining/living, and timber entertaining deck off main living area.
Other highlights include original timber flooring, stained glass windows, VJ panelling and high ceilings. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/ascot%203.jpg" alt="">
There’s potential to renovate the lower-level self-contained accommodation which would flow out to the pool.
The home is situated within walking distance to leading schools, cafes, Oriel Park and public transport.
Christine Rudolph of Ray White New Farm has the listing. 
The property goes to auction on April 4 on-site with award-winning auctioneer Haesley Cush.
 
 
 
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Ascot trophy home on 1,215sqm up for auction

<html><body>
Windermere, the landmark Ascot, Brisbane home, has sold for over $13 million, breaking the affluent suburb's residential house price record.
The Victorian-style trophy on Sutherland Avenue, one of the oldest in Ascot, was sold to a local developer through Ray White New Farm agents Matt Lancashire and Hamish Bowman.
Lancashire said there was a lot of interest in the estate.
“We had a lot of interest from interstate, plus expat buyers in the UK, Hong Kong and Singapore plus some Australian farmers,  especially from country Victoria", Lancashire said.
"The land size alone was very attractive as it’s over an acre of land, one of the largest land parcels in the area."
“We had serious buyers but in fact the winning buyers weren’t actively looking, they were passive buyers as they have a beautiful home themselves but saw this unique property was on the market and jumped at the chance to buy it”.
Windermere was originally built for Ruth Sutherland, the daughter of pastoralist James Sutherland, the street's namesake who acquired a substantial landholding in the 1850s.
Ruth went on to marry solicitor and later pastoralist and politician John Appel and the two were the first occupants of the home.
Believed to have been designed by architect Richard Galley, Windermere has had a whose who of occupants over its 130 year history.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/18/Windermere%203.jpg" alt="">
The cattle baron TJ Cottee lived in the home, as did Robert Bentley, the accountant and long-term chairman of Racing Queensland and for 40 years from 1920s, prominent doctor Sir Ellis Murphy and wife Mary owned the home.
The late Ariadne Corp deputy chairman Peter Maloney and wife Janet owned the property in the 80s and 90s, selling for $1.8 million in 1994.
The gated Windermere, set on 4,665 sqm, the largest block on the street, has six bedrooms, four bathrooms, a media room, home office, 1,500 bottle wine cellar and a sauna.
Its centrepiece is the marble provincial inspired kitchen, flanked by grand formal lounge and dining areas. There's further casual lounge and dining spaces.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/18/Windermere%202.jpg" alt="">
Lancashire says the newly installed commercial-grade kitchen is arguably the best in Brisbane, maybe even across Queensland. 
The deep wrap-around verandahs open to the park-like manicured gardens which feature a central deck with outdoor kitchen and pizza oven, a swimming pool and spa and a tennis court, set amid level lawns.
Windermere was last sold by pub baron Andrew Griffiths and wife Helen to the local Miers family. The $10.2 million sale in 2014 was the highest price paid in Brisbane since 2007.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/18/Windermere%204.jpg" alt="">
Sutherland Avenue, a street of just 15 houses with views to the Moreton Bay region, is the most-sought after street in the suburb and homes some of the suburb's most expensive houses.
The big ticket prices really kicked off in 2003 when fashion designer Keri Craig-Lee and her cattle baron husband Trevor, the former Australia Country Choice chairman, spent $6.12 million on the house Sutherland.
Two years ago Glenn Rutherford, the executive vice president of global cargo handling giant Swissport, paid $11 million for the nearby home of Domino's Pizza boss Don Meij, a street and suburb record.  
Meij had paid $8,615,000 two years earlier when buying from Maxine Horne, one of Australia's richest female CEO's, and her Fone Zone co-founder ex-husband David McMahon.
Coronis Hamilton agents Andrew Coronis and Patrick Mckinnon quietly sold the six bedroom home on 2,025 sqm. It toppled the former street record, set in 2014 when the 1880's built Windermere sold for $10.2 million.
</body></html>

jrobinson-rf4aSBido9

Ascot trophy Windermere breaks suburb record with $13 million plus sale

<html><body>
The entire ground floor retail component of the new Silk development in Ascot has been sold to one of the Coffee Club founders, Emmanual Drivas for $6 million.
Silk at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=OWFpWUxRYW1kY2dqaUE0aEpRNVRVTjRCS2drZkZzdHEvVUg2UmFFUGNOeWdTazRUYUlkckhaT3dYWTRReFltc1B0WE00TDd5Zk9kd2k0bVJqUERIWnRYN3Z6QmxqVTY4TnlNcVhhcjN5a3I2YXZvWmhFYUluZUNLbjJibGNUUDJDaUYvaDlSdlZBRWgvNG1OYU9TRjlLaEJwajN3RkNxdw==&amp;rh=ff0068e2421fea6fb8e87e3a7e4681e1bc9132ca" target="_blank">118 Racecourse Road</a> is the latest prestige creation of Brisbane’s Geocal Group and Loucas Zahos Architects.
Silk comprises 11 large residential apartments over the two top levels, two levels of car parking, almost 700sq m of first level commercial space and 600sq m of prime ground floor retail space.
The ground floor retail component was sold by Ray White Commercial QLD father and son duo Stephen and Elliot Kidd.
The duo have now completed the sales of the entire commercial floor with all seven assets now under contract or settled.
Mr Stephen Kidd said the Silk development was breathing life back into one of Brisbane’s most prestigious addresses.
“The building is certainly a stand-out landmark for the street, with the sophisticated architecture by local award-winning firm, Loucas Zahos,” Mr Stephen Kidd said.
“One of the real attractions to the building was the opportunity for local businesses to own their own tenancy vs rent, which has led to strong demand for the commercial space. Of the seven tenancies under contract or settled, all of them have been purchased by owner operators.
“The ground floor retail space will comprise a well-known and enhanced local café/restaurant, skin clinic (already trading), and a mix of food and services.”
“The project was officially completed in July and represents a vote of confidence in one of Brisbane’s wealthiest postcodes,” Mr Elliot Kidd said.
Mr Kidd said it showed that developers were still finding ways to create special projects that left a lasting impression and he was looking forward to seeing people at Silk soon.
 
</body></html>

Coffee Club founder pays $6m for ground floor of Ascot's ‘Silk'

<html><body>
<div class="gmail_default">
Professional ballet dancer and Mao's Last Dancer Li Cunxin has sold his Ascot family home for $2.25 million through Ray White agent Damon Warat.
Li paid $1,825,000 for the home in 2012, having relocated from Melbourne with his family of four when he joined Queensland Ballet as their artistic director.
The <a href="https://www.realestate.com.au/property-house-qld-ascot-124683098" target="_blank">five bedroom home</a> across two levels features a gourmet open plan kitchen which opens to an oversized alfresco area overlooking the swimming pool and gardens. 
Li Cunxin was the subject of 2003 book Mao's Last Dancer, his story about being plucked from a poor Chinese village to study at Madame Mao's Beijing Dance Academy.
It was released as a movie in 2009.
Li had much more luck in the Brisbane property stakes than he did in Melbourne.
His South Yarra mansion, The Tilba, remains on the market having failed to find a buyer since its 2015 listing. 
The extensively renovated six bedder that Li had bought after it had been trading as the boutique Tilba Hotel, had expected to fetch more than $5 million.
It is listed through Abercromby's agents Rob Vickers-Willis and Hugh Hardy.
</div>
<div class="gmail_default">
<div class="gmail_default"> </div>
</div>
</body></html>

Professional ballet dancer Li Cunxin sells in Ascot

<html><body>
Major General Peter Arnison and his wife Barbara are downsizing to an apartment on the Brisbane River and selling their Queenslander in Ascot.
They purchased the home in Yabba Street 24 years ago.
The <a href="https://www.realestate.com.au/property/86-yabba-st-ascot-qld-4007" target="_blank">86 Yabba St, Ascot</a> property will go to auction on May 17 with Ray White auctioneer Heasley Cush holding the gavel.
The Arnisons moved into the home when Peter retired from the Australian Army in 1996, and subsequently leased it while they were living in Government House during Peter’s tenure as Governor of Queensland for six years until July 2003.
During the first half of 2003, an old extension at the back of the house was demolished and re-built.
“We commissioned heritage architect, Desley Campbell-Stewart with a brief that the new structure was to flow seamlessly from the original house, ensuring as much natural light as possible, including high ceilings with clerestory windows and providing easy access to the garden and pool,” Mrs Arnison said.
“We told our builders, Kevin and Darren Fryer of Fryer Homes that the work had to be completed by July 29, 2003 as a new Governor was to be sworn in, and that we needed to return home to Yabba Street.”
Major General Arnison added that the time was right to sell.
“We have had many happy, enjoyable years living here. For us it’s a downsizing exercise, which we have been thinking about for a few years now. The street is changing, there’s lots of young families returning and it’s a wonderful place to raise children,” he said.
Ray White New Farm agent Scott Darwon commented that this home typified Ascot living at its finest.
</body></html>

Former Queensland Governor lists Ascot home

<html><body>
A seven bedroom Ascot, Queensland house has been listed with $10 million plus expectations.
The home’s elevated position capture 180 degrees of the surrounding landscape from the vista of Moreton Bay through to Mt Coot-tha.
Located at <a href="https://www.realestate.com.au/property-house-qld-ascot-125593438" target="_blank">128 Crosby Road</a>, the 1120 square metre property has a 50 metre concrete enclosed tunnel as one of its entrances.
Built in 2012, the block of land was last sold in 2002 for $1.45 million.
The tunnel extends upwards to an underground garage that can accommodate between eight to ten cars before an internal lift transports you inside the property.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/03/128%20Crosby%20Road-2.jpg" alt="">
Internal and external areas are divided by bi-folding walls which extends to the marble and Gaggenau kitchen complete with scullery and bar.
Seven bedrooms are available including the third floor master which has its own terrace, dual ensuite and walk-in robe.
Additionally the lower floor has a self-contained sleeping quarters.
Other features includes a study, billiard room, zen room, outdoor kitchen, a gym, two swimming pools, wine cellar, laundries and theatre.
The property is offered through Queensland Sotheby’s International Realty agents Tyson Clarke and Stephen Weber.
</body></html>

Ascot

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Ascot

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News