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Off-the-plan Parramatta apartments will go on sale tomorrow and are expected to sell fast

The Courier Mail  | By Marissa Georgopoulos

More than 100 waterfront apartments in Parramatta are set to go off tomorrow when they hit the market.

The 12-storey building three of the suburb’s latest residential development, Promenade by Starryland Australia, comprises of 153 apartments in a range of sizes and styles that will all go on sale in the morning.

First look at the new off-the-plan building three apartments of Promenade in Parramatta. Source: Supplied

The development’s initial release, back in May, saw all 124 apartments from buildings one and two combined sold over the launch weekend, with most secured in less than four hours.

Director of Starryland, Hao Liu, said the luxury units were aimed at local residents, as opposed to other off-the-plan sales in the area, which have proved popular with investors.

An artist’s impression of building three of Promenade shows a sleek, modern design. Source: Supplied

“Sales records from the first two buildings showed they were majorly purchased by local buyers. Investors came in at around 30 per cent and the rest were owner-occupiers,” Mr Liu said.

“This release is offering similar price ranges and we are expecting to sell more than 80 per cent to owner occupiers this time,” he said.

Prices for a one-bedroom apartment (44.2 – 49.4 sqm) start from $440,000 and at the higher end, three-bedroom (83.8 – 112.4 sqm) apartments have an asking price of more than $850,000. Potential buyers are now able to get an idea of what the development and apartments will look like.Source: Supplied

“The prices are kind of at entry-level so it is easy to invest and is also suitable for first-home buyers,” Mr Liu explained.

The new building will be set at the northern bank of Parramatta River and will offer water views when completed. Each apartment will come with luxury inclusions, showcasing a contemporary design.

James Swete, sales and marketing director of Starryland, said purchasers were buying into a lifestyle.

The kitchen in the display suite shows stone benchtops, gas appliances and a modern layout.Source: Supplied

“It is resort-style living in a prime waterfront location. A lot of people also like being close to schools, the University of Western Sydney and good transport links,” Mr Swete said.

He said the five hectare development, just over 1 kilometre east of Parramatta CBD, would promote an active lifestyle with its 1.2 hectares of landscaped open green space, a pedestrian bridge across the river and walking and cycling tracks.

Walls of glass windows, balconies and courtyards will provide easy views of the river and CBD.Source: Supplied

A new display suite showing a full kitchen, bathroom and living area, has been opened for Promenade.

At 1/28 Macquarie Street, Parramatta, potential buyers can see the high quality of interiors which will be used in the apartments.

The $550 million development is already under construction. Buildings one and two are due for completion at the end of 2016.

What you can buy

  • (6) one-bedrooms (44.2 – 49.4 sqm) from $440,000
  • (17) one-bedrooms plus study (46.7 – 69.9 sqm) from $465,000
  • (125) two-bedrooms (63.1 – 98.8 sqm) from $585,000, and
  • (5) three-bedrooms (83.8 – 112.4 sqm) from $850,000

Apartments in building three will feature high ceilings, spacious balconies or courtyards with glass balustrading, a stone island bench and Bosch gas appliances in the kitchen, and bronze or copper mirror accents throughout the unit. They each come with one or two secure parking spots.

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