PAVILIONS ON FIFTH

Pavilions on Fifth is the newest cosmopolitan address in Palm Beach. Following the completion of Stage 1 in late 2009, Pavilions innovative mixed use design has set a new benchmark in this iconic beach side suburb.

When fully completed in 2012, Pavilions will comprise 198 apartments centred around a recreation area in two distinct towers with a low rise precinct sat above a 6000m2 retail complex.

Stage 1 Residential

Stage 1 comprises 104 one, two and three bedroom apartments many with ocean views. Stage 1 also benefits from just four premium three bed apartments each with its own private roof terrace with shaded area.

Stage II Residential

Already with over 30% of off the plan pre sales without yet to being formally released to the market, Stage II comprises 94 one, two and three bed apartments. Stage II is due to complete in 2012 and is available for expressions of interest in off the plan purchases.

Pricing

- One bedroom apartments range from $355,000
- Two bedroom apartments range from $430,000 to $525,000
- Three bedroom roof-deck terraces range from $875,000

Floor plans for individual apartments are available upon request and highlight not only the price, size and layout of the each apartment but also their location within the building and their views.

Retail

Stage 1 uniquely benefits from a full service Coles supermarket, newsagency, bottle shop, bakery, coffee shop and Internet cafe, hairdresser, pharmacy, shoe repairer, key cutter, dry cleaning and laundry service, all of which are located within the building.

Many of the residents compliment this design as it allows them to shop for pretty much everything they need without having to get in their car. This kind of mixed use living is becoming more and more in demand and Pavilions has the added bonus of being only a short 120 metre stroll to the beach.

Stage II will compliment Stage I with a number of new retails shops along with an ‘eat street’ component which is planned to include several indoor-outdoor restaurants and cafes. This precinct will be unique to Palm Beach.

Residential Facilities

On site management, 17.5m heated swimming pool, spa, residents meeting room, BBQ areas, roof terrace with BBQs.

Location and Communications

Pavilions is located at 5th Avenue Palm Beach, about 120m from a multi award winning surf beach. Pavilions is 7km from Coolangatta International Airport which has regular flights from Sydney and Melbourne in addition to Malaysia and Japan, 17kms to Surfers Paradise and just one hours drive from Brisbane CBD along the Pacific Motorway which is accessed approximately 2km from the project.

Management

The developer has retained the management of the residential apartments to ensure the highest standards are maintained for both owner occupiers and investors. Currently Pavilions boasts a 100% occupancy rate.

The Developer

The developer is APGL (Palm Beach) Pty Ltd part of The Australian Property Growth Fund who have circa $1B of commercial real estate in their portfolio and have recently been responsible for the 198 apartment Regatta Riverside development at Toowong, Brisbane and the refurbishment of The London Woolstore at Teneriffe, Brisbane into apartments and boutique retail outlets.

Tenure

Pavilions offers buyers the opportunity to live permanently as owner occupiers, invest for permanent or holiday rental, or to enjoy as a holiday home with the apartment being let when not required.

More Information

A full market update of Pavilions on Fifth is available upon request which highlights the project, the region, population growth, local infrastructure, resale performance and many other aspects in greater detail. A very informative overview, which is well worth a read!

Purchase Terms

10% deposit payable by cash or bank guarantee of the full purchase price of the apartment. Payable to the vendor’s lawyers trust account within 15 working days of the contract being signed by both parties. The balance of purchase price to be payable on settlement. Settlement of Stage 1 apartments is available now with Stage II anticipated for mid to late 2012.

“The Sustainability declaration for this property can be obtained by contacting the agent”