Construction Begins on $22m Bayside Luxury Development

Buyers hunting for a slice of luxury within Brisbane’s bayside suburb of Manly have their chance at an exclusive collection of architecturally designed residences boasting views over the Manly boat harbour and Moreton Bay.

Construction begins on Manly’s newest collection of just 8 luxury residences, The Wellington Collection situated in the prestigious and tightly held pocket on Wellington Street, Manly.

The site’s prime bayside location, overlooking the Manly boat harbour with views out to Moreton Bay, has been cleared to commence construction of 2 new buildings, comprising 6 luxury apartments and 2 stunning townhomes and poised to become one of Manly’s most desirable addresses.

This architecturally designed project being delivered by Urbex Living, a division of Australian national award-winning developer Urbex, is expected to be completed in late 2023 with near half of sales secured off the plan and starting from $2m to $3.375m.

Development Director of Urbex, Carl Bruhn said “Urbex has a track record of delivering award-winning communities nationally and we are excited to commence construction on this bespoke offering in Manly.”

“We are fortunate to be in a position to activate this development when most developers are having to put a hold on delivering as they grapple with both development financing and construction cost hurdles induced by the pandemic supply chain choke and labour shortage crisis,” Bruhn said.

Utilising the key design elements of screening, light and ventilation, The Wellington Collection is in perfect balance with the aspect and simple beauty of the area. The north-east aspect gives residents expanded views to the marina and bay while natural, textured materials create a palette that perfectly complements the bayside location.

In addition to the home-like proportions with generous floor plans spanning 199m2-472m2, the luxurious collection includes lift access from all residences. Amenity in the apartments offers residents an outdoor pool, outdoor and indoor entertaining spaces with the townhomes providing a private outdoor lounge deck, plunge pool and lush, tropical gardens, all without the maintenance and upkeep often seen with bigger homes.

General Manager for Urbex Realty, Craig Covacich said a Manly Village lifestyle is highly desirable. The suburb is certainly well entrenched in its gentrification and The Wellington Collection will be the perfect addition to this bayside lifestyle.

“Recent home sales are now exceeding the $5m price tag and many others firmly sitting above the  $2M range, Manly has very quickly become a frontrunner in the Brisbane property market. The suburb has presented a compounded growth rate of 40.5% in houses and 27.0% in units based on the past five years of sales,” Mr Covacich said.

“Much of the appeal for The Wellington Collection to date has been from buyers seeking housing solutions aligned to their new phase of life, like growing their family or transitioning out of life with kids. Many of these consumers have benefitted from significant lifts in their existing assets which is enabling them the opportunity to embark on these lifestyle changes, and through the apartment or townhome options, they’re finding that balance between access to what a house offers without the maintenance hassles.

“To date, we have already seen nearly half of The Wellington Collection’s residences sold off the plan to local buyers and with the continuing demand for bayside views, we expect much of the remainder of the collection to attract Brisbane locals looking to be closer to the water.”

The Wellington Collection is selling and invites buyers to get in quick to avoid missing out on this rare bayside opportunity. To schedule a private appointment, interested buyers can contact Stacey Scrutton via info@thewellingtoncollection.com.au or call 1300 420 260.