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;

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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."

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“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.

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&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."

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“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;

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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;

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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.)

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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.

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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.

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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.

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&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.

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&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

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A luxury Hollywood-style home in Brisbane’s Ascot has been listed for December auction.
Tthe five-bedroom, four-bathroom home at 68 Kitchener Road sits on a 1,695 sqm block on one of Ascot's best streets. 
The classic art deco home features include high ceilings, French windows and heated swimming pool. 
<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/NOV/23/Kitchener%201.jpg" alt="">
Current homeowners Eric and Sarina Lau, who own one of Brisbane’s best restaurants, Bacchus at South Bank, purchased the property in 2013 at $3.26 million when they opened their venue in 2012. 
“We were actually well advanced on the DA for another block to build but we fell in love with this house and bought it in the auction, so we decided to renovate instead and it was a big job but we are very pleased with how it turned out,” the Lau couple said.
<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/NOV/23/Kitchener%203.jpg" alt="">
The home offers an 84-lamp chandelier in the home’s hotel-like foyer, a manicured front garden and two distinct wings. 
Ray White New Farm agent Matt Lancashire has the listing. 
The home is set to sell at auction on Saturday, December 5, if not sold prior.
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Hollywood-style Ascot home set for auction

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

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

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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.
 
 
 
 
 
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Ascot trophy home on 1,215sqm up for auction

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A retail opportunity in the Ascot Racecourse Village has been listed through Savills.
It is the last retail lease on offer in the centre.
Monica Shu of Savills is marketing the listing.
Racecourse Village is located on <a href="http://commercialpropertysearch.savills.com.au/4af8a117-189e-e911-80db-005056813885/Lease/Ascot/Racecourse-Village" target="_blank">188 Nudgee Road</a> in the heart of Ascot, a highly trafficked region of inner-eastern Brisbane.
The listing is for an existing full restaurant fit-out with an al fresco dining area.
The centre comprises an established, modern retail and professional centre incorporating a mix of tenants. 
Set on 120 sqm, the holding is situated across the road from the Doomben Racecourse.
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Last retail lease in Ascot's Racecourse Village through Savills

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Ascot's Lancaster, which exudes all the elegance and luxury of Brisbane's bygone art deco era, has been listed for June 1 auction.
It was designed by celebrated architect Charles H. Griffin for its 825 square metre <a href="https://www.raywhite.com/qld/ascot/2101400/?lang=en" target="_blank">Kitchener Road block</a> in 1938.
He suggested his homes conveyed a “feeling of solidity” which he felt was missing from Queenslander-style homes.
Griffin was famous at the time for designing homes with a trademark cream textured finish above a red brick base and red Wunderlich roof tiles.
Set behind wrought iron front entrance gates, the home's interiors which include cornices, double French doors, leadlight windows and crystal chandeliers.
Ray White New Farm agent Christine Rudolph said the four bedroom home has been meticulously cared for by its vendors for almost two decades, chartered accountants Carmela and Paul Balbuziente, who are downsizing to be close to the water.
This article first appeared in The Weekend Australian.
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Art deco Ascot trophy home Lancaster listed

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Located on the northern side of Mayfield, a private 1303sqm of level land has been listed for over $2.5 million.
It is offered by Vaughan Keenan from Grace and Keenan, Newstead. 
<a href="http://graceandkeenan.com.au/36-mayfield-street-ascot/" target="_blank">Situated at 36 Mayfield St, Ascot</a>, the level vacant land is north facing and features 5m wide private driveway. 
The land has been cleared and ready to start building.
It is within walking distance to Ascot school zone, transport and Racecourse Road cafe society.
There are two recent house sales of $5.235 million and $7.6 million in the northern side of Mayfield. 
 
 
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