Media Release – 100 Warners Bay Apartments Sold
The most significant residential development to be built in Warners Bay has broken new ground with the sale of 100 apartments on the waterfront.
Just 12 out of the 112 apartments are left for sale at the Water’s Edge with the final release expected to be snapped up in the next few weeks.
Warners Bay is becoming the suburb of lifestyle choice with 82% of buyers in Water’s Edge being owner-occupiers with 70 per cent of these buyers from the Newcastle and Lake Macquarie area.
“They are mostly made up of retirees and semi-retirees looking to downsize. They’ve been waiting for this type of development for a number of years,” said listing agent Paul Ashcroft from PRD Newcastle & Lake Macquarie.
“This development provides the lifestyle they’ve been looking for whilst still living independently, surrounded by cafes and restaurants as well as access to 110 kilometres to one of the best waterways in Australia on their doorstep.”
As part of the final release there are both two and three-bedroom apartments available in the complex which is being developed by Bloc and includes a pool and fully-equipped gym. Fronting King Street and The Esplanade, it includes 2000 square metres of landscaping to create an ambient outside environment.
Commercial investors are flocking to the development too. PRD Newcastle and Lake Macquarie is one of many who have purchased a commercial office in the complex and will be moving in, in May this year.
“Warners Bay is sky-rocketing and the benchmark real estate prices here rival those in Newcastle. We are ten minutes from major shopping centres in Kotara and Charlestown, we’ve got both Spotlight and Anaconda opening in the next 12 months and we are a 20 minute commute into the Newcastle CBD,” said Mr Ashcroft.
For the first time, potential buyers will be able to view a display apartment which has just opened for the final release of the 12 apartments.
For more information on Water’s Edge visit: http://www.watersedgewb.com.au/
For media interviews phone Paul Ashcroft on 0437 661 000