Time to act to secure prime real estate in heart of city

first_imgArtist impression of the pool deck on Vantage on PalmerBUYERS of Townsville’s newest boutique mixed-use residential and commercial development are set to benefit from billions of dollars worth of major infrastructure projects located close to its Palmer Street site.City defining projects including the $250 million Townsville Stadium and recently green-lit $16.5 billion Adani Coal Mine Project Head Quarters are located within a stone’s throw of the development.Colliers International Principal Peter Wheeler said he was seeing increased inquiry for both commercial and residential product lately thanks to a number of project funding announcements including Adani. Artist impression of Vantage on PalmerSet on a picturesque waterfront location on Townsville’s premier dining strip, Vantage on Palmer offers nine modern apartments including a top-floor penthouse and three contemporary commercial spaces on the ground floor.Prices for Vantage on Palmer apartments start from $720,000 and commercial spaces from just $399,000. For more information visit vantageonpalmer.com.au or contact Paul Bow on 0402 028 666 for all residential inquiries. Artist impression of the Penthouse in Vantage on PalmerMore from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“The major projects of interest from investors is definitely the high-profile Townsville Stadium and Adani Carmichael Coal Mine projects,” Mr Wheeler said.“Watpac has estimated that over 2,000 people will have worked on the Townsville Stadium project during design and construction and I have seen forecasts of between 500 to 600 jobs required at the Adani HQ just off Palmer Street.“What this does is create fantastic opportunities for potential buyers in both residential and commercial projects like Vantage on Palmer because with these jobs comes demand for quality product.“The reality is that the site on Palmer Street was acquired by the developer at a good price and the construction costs will probably never be this low again.“Now is the time for buyers to act to get in on the ground-floor. This sentiment is backed up by recent reports that indicate the property clock is on the way up and reaffirmed by these major funding announcements.“My message to prospective residential and commercial buyers is pretty simple. Now is the time to act if you want to get in on the ground floor.”last_img read more

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