Ascot Green has been alive with activity in recent months! A $1.735 million penthouse has headlined more than $15 million of sales as construction gets underway on the second stage, Tulloch House.
The three bedroom and two-bathroom penthouse in Tulloch House, with uninterrupted views across the Eagle Farm Racecourse, was snapped up by downsizers from Brookfield in May. A total of 14 apartments were secured for an average of $1.08 million since March.
Tulloch House offers one, two and three-bedroom apartments, along with luxury pavilions and penthouses, each with panoramic views to the north or south, including across 50ha of green open space and to the Brisbane city skyline.
Tulloch House follows on from the success of the first building, Ascot House, where only two of the 90 apartments remain.
Mirvac Head of Residential Stuart Penklis said while racing enthusiasts had been among those to purchase, the community had appealed to a diverse mix of owner-occupier buyers.
"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 open space at their doorstep a key part of the appeal," he 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, and which has so much lifestyle amenity at the doorstep for them to access should they choose to."
Mr Penklis said Tulloch House residents would be able to utilise the expansive 700sqm rooftop terrace, which includes a turfed yoga lawn, barbeque facilities and casual seating.
"At the rooftop terrace you will be able to take in 180 degree views from the east to the west, including over the racecourse and, on the ground level, we have a pool deck overlooking the track, meaning there are plenty of places to entertain friends and family, including on race days," he said.
"Within the precinct residents are also just a 700 metre walk or drive to the Racecourse Village shopping centre, and a short stroll from the neighbouring Racecourse Road lifestyle precinct and the new Ascot Park.
"Brisbane Racing Club is also finalising a number of other projects in the surrounding area, which will continue to add to the village atmosphere of the revitalised racecourse precinct."
Mr Penklis said the majority of purchasers had come from within a 10-kilometre radius of Ascot Green, with many wanting to downsize without leaving the blue-chip suburb of Ascot.
"Buyers have been looking to make a low-maintenance move that doesn't compromise on space or lifestyle and are discerning in terms of the quality design and finishes they are looking for," he said.
"They want to be part of a boutique community with apartments designed for owner-occupiers and featuring expansive living areas and oversized balconies.
"The historic aspects of Eagle Farm are carried through the design of both Ascot House and Tulloch House, which visually connect with the masonry brickwork of the existing heritage buildings."
Brisbane Racing Club Chairman, Neville Bell, said the start of work on Tulloch House was a significant milestone in the delivery of the Eagle Farm masterplan.
"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," he said.
"Our goal from the outset was to secure top tier partners, such as Mirvac, to bring our vision to life and to see construction start on the second stage of luxury apartments alongside the track - an Australian-first - means we continue to lead the way in reimagining and activating racecourses in this country."
Mr Bell said Eagle Farm would become one of Brisbane's leading lifestyle precincts, with intergenerational living and a range of services and amenities at its heart.
"A new state-of-the-art childcare facility has been delivered alongside luxury apartments in Ascot House at Ascot Green, and with work now underway on Tulloch House and a new retirement living and aged care project, there are options for people in various stages of life," he said.
"We have already delivered retail and professional services, including the award-winning Racecourse Village Shopping Centre with a Woolworths and specialty shops, and state-of-the-art stables to the infield.
"The new Ascot Aquatics Center is close to finalisation, and we are also working towards delivering the first commercial building within the masterplan, providing even more options for people to live, work and play at Eagle Farm."
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