A luxury penthouse in Australia’s first racecourse-side development has been sold for $1.735 million as sales for the new apartment project total $10 million.
The penthouse is at the summit of Tulloch House, part of the Ascot Green development, and overlooks the famous Eagle Farm Racecourse in Brisbane.
Boasting uninterrupted views across the racecourse, the three-bedroom property has been purchased by local downsizers, and is just the latest apartment in the development to be snapped up.
Almost half of the 84 apartments in the Tulloch House project have been sold, with developers, Mirvac, kicking on with construction back in April.
Mirvac Head of Residential Stuart Penkils said: “As the first community of its kind to be built alongside a racecourse in Australia, Ascot Green is totally unique and has a village feel to it from the moment you enter the precinct.”
“The feedback from purchasers is that they love the fact they are in their own private and peaceful enclave, where they don’t feel hemmed in by surrounding development,” he said.
The Ascot Green development is part of a wider $2.1 billion masterplan to redevelop Eagle Farm, with Brisbane Racing Club Chairman, Neville Bell, saying that Tulloch House will be a key addition to the area.
Eagle Farm has a 150-year legacy in Brisbane and our focus is on ensuring the next 150 years solidifies the strong track-record we have already built, with projects like Ascot Green key to achieving just that.Neville Bell – Brisbane Racing Club Chairman
The building of Tulloch House follows on from the successful first building – Ascot House.
Only three out of 90 apartments remain in the nine-storey building, with a variety of different buyers flocking to the exciting new Brisbane projects.
“We have continued to receive strong interest from buyers wanting to ensure their place in the community, including young professionals, families and downsizers, with many finding living with 50ha of green space at their doorstep a key part of the appeal,” said Mr Penkils.